There are more and more sites that are using visual tools to illustrate banks, the credit crisis and other trends. Mint is particularly good at doing this, and there is also a nice little video about the credit crisis that makes it simple to understand. And then today, I stumbled across Visual Economics, a great…
Interesting debate on LinkedIn's Payment Systems Network, where someone asked a question about what methods to use to control data entry errors in remittance processing and whether there are any strategies to follow. Martin Jermann, a consultant with the United Nations, responds: I work for the United Nations and we make payments all over the…
Interesting debate on LinkedIn's Payment Systems Network, where someone asked a question about what methods to use to control data entry errors in remittance processing and whether there are any strategies to follow. Martin Jermann, a consultant with the United Nations, responds: I work for the United Nations and we make payments all over the…
It’s July 31st and we are pleased to announce that, during the summer, the Financial Services Club's in-depth analysis and research project about the country-level plans for the transposition of the Payment Services Directive (PSD) on 1st November 2009 and the implementation of SEPA Direct Debits (SDD) on 2nd November has been a success. Over…
For those of you who haven't heard of Kiva, it's a P2P lending community with a difference. It's the Grameen Bank of the Zopa world. In other words, it facilitates microfinance, using the web as an enabler. And it's wonderful. Why is it wonderful? OK. It starts with that fact that it connects people with…
The BBC has just written an interesting piece about the state of the UK's Faster Payments Service (FPS). FPS is meant to allow transfers of up to £10,000 to take place within 2 hours for telephone, internet and regular payments via standing order. In fact, most banks will not let you get even near those…
End users of payment systems in Europe released a report today airing their concerns that the Single Euro Payments Area (SEPA) Direct Debit (SDD) to be launched on November 2nd will prove unpopular unless steps are taken to reflect users' needs. The concerns are based around companies having to make arrangements to access the SDD…
The BBC ran a report about ATM scams the other day. In this case, it's the scam called "scandalous bank fees if you use an ATM overseas". They do love those stories about how banks ripoff customers don't they? The gist of the report is that you are charged withdrawal fees, currency conversion fees and…
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