Payments strategies 2015-2020-2030

Payments systems visions, strategies, trends, pilots, forecasting, and planning for the short-, medium-, and far-term.

Retired Member 

iManage my e-invoices

iManage is just idea or imaginary product, but it would be good to test if this could make more sense, at least for SME or individuals when talking about e-invoice solutions. As there are so many solutions to receive and pay e-invoices, I had opportunity to talk with other Finextra member some months ago about idea of how there should be one soluti...

05 April 2011 /payments

Retired Member 

When the US Payment is the Foreign Payment

The North American B2B Payments landscape is somewhat unique, due in large part to the significantly high use of checks as opposed to ACH, wires or cards. The shortcomings of checks are well known and understood and they include higher costs, greater levels of fraud and longer settlement periods. The 2010 AFP Electronic Payments Survey indicated ...

31 March 2011 /payments

Retired Member 

Why Do Checks Still Dominate B2B Payments in NA? Cont'd

Why do companies continue to pay by check? In part five of the series, “The Top 5 Reasons Why Checks Still Dominate B2B Payments,” I explore the challenges of corporate inertia and resistance to change. Reason #5 - Corporate Inertia and Resistance to Change. Let’s face it, organizational change is difficult. For some, the risk of change exceeds ...

29 March 2011 /payments

Retired Member 

Customer created bank services

Instead of each bank creates their own new services, is there a need for customer created banking services? Current world Today if I have a new and brilliant idea of new banking service, I tell my own bank this idea. Most of the times (9999/10000) it is automatically rejected. This means that I don't go to other banks and get same feedback. Idea My...

24 March 2011 /payments

Retired Member 

Direct debit vs e-invoice

For some countries, direct debit is the main payment system, whereas some countries like to push e-invoice to be main payment system. Both are really good ways for merchant but also for consumers to receive/ pay money. When talking with merchant, their only worry or request is to get money as easy as possible without scarifying too much energy or r...

21 March 2011 /payments

Retired Member 

Why Do Checks Still Dominate B2B Payments in NA? Cont'd

Why do companies continue to pay by check? In part four of the series “The Top 5 Reasons Why Checks Still Dominate B2B Payments,” I explore the challenges surrounding the perceived need for IT resources. Reason #4 - IT Resources. Every IT department will tell you that they have more projects to do than they have resources and budget to accomplish...

17 March 2011 /payments

Retired Member 

e-mandate- how, where and when

As direct debit still is one of the most convenient ways to pay bills, especially when paying monthly recurring payments like gym member ship fees or monthly subscription of magazines or news. It is not only convenient for merchant but for consumer. E-mandate looks really nice on SEPA paper, when consumer gives a right for merchant to bill me ever...

14 March 2011 /payments

Retired Member 

Why Do Checks Still Dominate B2B Payments in NA? Cont'd

Why do companies continue to pay by check? In part three of the series, “The Top 5 Reasons Why Checks Still Dominate B2B Payments” I explore the challenges associated with bringing about process change. Reason #3 - Process Change. The migration from paper to electronic payments will lead to process change and anyone who has tried to introduce bus...

10 March 2011 /payments

Retired Member 

Direct debit or e-invoice, big confusion

Today I spoke with my account about e-invoice. As I would like to use e-invoice as much as possible, there are some obstacles which annoys me quite a lot. Even in Finland, where we have everything structured, some invoice operators are not discussing with each other, not even technical level and that confuses not only me but my account company. Th...

04 March 2011 /payments

Retired Member 

Why Do Checks Still Dominate B2B Payments in NA? Cont'd

Why do companies continue to pay by check? In part two of the series “The Top 5 Reasons Why Checks Still Dominate B2B Payments” I explore the absence of paper remittance data as a perceived obstacle to timely, accurate cash application when paying electronically. Reason #2 - Remittance. Remittance is critical for suppliers because the absence of...

24 February 2011 /payments