Payments

Two weeks ago, I posted two items about why Banking will be free (Part One and Part Two), and this is Part Three in that series. Banking as a Service (BaaS) is the new version of Banking using the Software as a Service (SaaS) business model. You’re probably all familiar with SaaS – it’s basically…

Speaking of Jamie Dimon’s appearance at Davos, he called upon a rethink of the Central Clearing System for OTC Derivatives that everyone wants to see in play. The clearing and settlement area is the plumbing of financial service, where all risks of sellers or buyers defaulting are managed by the clearer acting as the buyer…

The next meeting of the Financial Services Club will be held on 2nd February with Brian Thumwood, e-Billing Programme Manager for DHL, discussing DHL's experiences with e-Invoicing in practice. DHL have completely transformed their accounts receivables processes using e-invoicing innovations, with major benefits as a result, including faster payments and less days sales outstanding.  Brian…

David Doyle, policy expert on European financial markets, discussed the latest European financial services legislative movements at the Financial Services Club yesterday. David began with an outline of the priorities for the Czech Presidency of the European Union, which runs through to June: review of the Capital Requirements Directive for the capital adequacy of investment…

David Doyle, policy expert on European financial markets, discussed the latest European financial services legislative movements at the Financial Services Club yesterday. David began with an outline of the priorities for the Czech Presidency of the European Union, which runs through to June: review of the Capital Requirements Directive for the capital adequacy of investment…

David Doyle, policy expert on European financial markets, discussed the latest European financial services legislative movements at the Financial Services Club yesterday. David began with an outline of the priorities for the Czech Presidency of the European Union, which runs through to June: review of the Capital Requirements Directive for the capital adequacy of investment…

After being pushed back six months to May 2008, due to the challenge of the developments required for Vocalink, APACS claim today that the Faster Payments Service has been a great success. The good news is that RBS, Natwest and Barclays report that nearly 100% of their bill payments are made on the same-day. The…

I cannot believe, when we’re all absorbed by the inauguration of a new President in the world’s largest economy, that Heartland Payments Systems had the lack of heart to release news that malware on their systems had been recording every payment made through their network to an external source. Heartland Payment Systems chose to release…

I cannot believe, when we’re all absorbed by the inauguration of a new President in the world’s largest economy, that Heartland Payments Systems had the lack of heart to release news that malware on their systems had been recording every payment made through their network to an external source. Heartland Payment Systems chose to release…

Some people cannot understand why I blog everyday and so frequently, especially as it's free.  They actually think I should charge something for this stuff! Sure, it would be nice, but I learned a long time ago that being free is far more effective than charging for everything.  In particular, I spent some time with…