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1013 Results from 2011

Salil Ravindran

Salil Ravindran VP, Strategy & Growth at Open Financial Technologies

Are banks adopting wallets and contactless the right way

NFC contactless and m-wallets have a significant role to play in the future of mobile financial services and mobile commerce. As much as we know this for a fact, banks have been sceptical in their minds and slow in their approach to embrace contactless payments while being much slower on wallets. The million dollar question is whether they are doi...

/payments /retail Innovation in Financial Services

Retired Member

Retired Member 

Application fraud: enemies at the gate

Defending against fraud is difficult even in the best of times, and these are not the best of times. The gains achieved by making card transactions more secure have pushed fraud to the main gate of entry: the application. In the most notorious form of application fraud, organized crime rings open accounts using stolen identities or synthetic iden...

/regulation

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Taiwan setting targets - 4 bn e-invoices in 2013

Su Chun-jung, the director of the Financial Data Center (that is resided under the Ministry of Finance) stated that: around 100 million e-invoices will be issued in Taiwan by the end of 2011 that figure will expand to 2 billion by the end of 2012 4 billion e-invoices will be issued in 2013. in 2013 50% of all invoices in Taiwan are e-invoices. It...

/payments Innovation in Financial Services

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Euro crisis - eerie silence

You have surely taken note of the eerie media silence that followed the daily barrages of real or imagined bad news (like a euro break up would be possible). After the bold Italian package media seems to have lost interest – and as media does drive markets – also there the swings are now more moderate. So was the whole thing a really a media fabri...

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Russia moving towards e-invoicing

"On the 26th of December the Prime Minister of Russian Federation Vladimir Putin signed the resolution “About the forms and rules of filling and exchanging documents for VAT management”. This document established the rules of use of invoices, sales and bough daybooks and a log book both in paper and electronic forms. Electronic invoices in Rus...

/payments Innovation in Financial Services

Retired Member

Retired Member 

Truth and Unintended Consequences

So much for “praise in public and reprimand in private.” A teacher publicly reprimanding a student who launches a spitball in class demonstrates to everyone the consequences of certain behavior. Regulators’ handling of the 2008 financial crisis and this year’s scandals among UBS, MF Global and others had to be as public as they were demonstrative. ...

/regulation

Retired Member

Retired Member 

A turning point in the history of mobile financial services

With 2011 drawing to a close, it’s clear that the year has seen exciting changes in mobile banking and payments, with innovative advancements to enhance the consumer experience being delivered. In particular, there have been positive developments from UK banks and retailers in the mobile banking space, culminating in the launch of Lloyds TSB’s suc...

Finance 2.0

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Just like payments - in sight

With the establishment of eeSPA http://www.eespa.eu/EESPA%20Press%20Release-2011-12-15.pdf we now have the organization in place to drive towards e-invoicing functioning “Just-like-payments. You sign up with one and you reach your customer or supplier globally. Every enterprise is here free to choose their own service provider – nobody is forced ...

/payments Innovation in Financial Services

Brett King

Brett King CEO & Founder at Moven

How the post office is killing identity verification

There has been a 25% decline in the total mail volume for the USPS (United States Postal Service) from 2006-2011, resulting in a $5.1 Billion loss in 2011 alone. Since 2007 the USPS has been unable to cover its annual budget, 80 percent of which goes to salaries and benefits. In contrast, 43 percent of FedEx's (FDX) budget and 61 percent of United...

/regulation /retail Innovation in Financial Services

Pat Carroll

Pat Carroll Founder/Executive Chairman at ValidSoft

The security breaches of 2011

2011 presented some fascinating security breaches that could have been prevented. Here are my top three trends, and how to avoid them in 2012! Online identity and social media sites The successful launch of Google+, and its privacy feature which allows users to group certain contacts into different “circles”, highlighted not only that there was...

/security Innovation in Financial Services

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