Web Settlement. Exchanging real value on the Web. Adrian Hope-Bailie Evan Schwartz Stefan Thomas. Ripple Labs
|
|
- Brendan Osborne
- 8 years ago
- Views:
Transcription
1 Web Settlement Exchanging real value on the Web Adrian Hope-Bailie Evan Schwartz Stefan Thomas Ripple Labs
2 Agenda What is Web Settlement? Why is Web Settlement important? How do we achieve this vision? How can you get involved? 2
3 What is Web Settlement?
4 Payments are promises to pay.
5 Payments are promises to pay. Settlement is the real exchange of value and the final resolution of those promises.
6 Payment is not settlement Real-time T+? 6
7 Settlement is an act that discharges obligations in respect of funds or securities transfers between two or more parties - Bank for International Settlements 7
8 Settlement is facilitated by a counterparty, such as a central bank or payment network.
9 The 5th party in the 4-corner model Transfer on Bank A ledger Transfer on counterparty ledger Transfer on Bank B ledger 9
10 Web Settlement involves using the Web to create an open marketplace for fast, low cost, and secure settlement.
11 Why is Web Settlement important?
12 Today: payment networks are siloed Few counterparties provide inter-network settlement??
13 Web Settlement can connect networks Standards enable links between counterparties and ledgers
14 Today: slower, more costly settlement US EU Sending Institution Receiving Institution Payment flow Payment Matching & Instructions Fund flow Correspondent Bank Relationship ACH SWIFT SEPA Nostro Debit & FX Federal Reserve ECB
15 Today: slower, more costly settlement US EU Sending Institution Receiving Institution Payment flow sent $ 1000 receive d Payment Matching & Instructions 730 Fund flow Correspondent Bank Relationship $ 7.5 fee ACH Federal Reserve $ 25 fee SWIFT Nostro Debit & FX 4% FX SEPA ECB 15 fee
16 Increasing speed increases the volume Information exchange exploded because of the Internet s speed and reach Volume of Information Internet reaches global market 16
17 Using the Web as settlement rails Standards enable many options for settlement Account Provider Account Provider Counterparty Account $102 Payer Account Payment Payment Direction Counterparty Account $100 Payee Account 17
18 Increasing competition to deliver settlement Competition provides more options and brings costs down Web Settlement 18
19 Web Payments standards increase choice among payment instruments. Web Settlement increases links between payment instruments.
20 The Value Web People and institutions can transact across the Web
21 How do we achieve this vision?
22 Learning from the Web s history First, infrastructure providers lay groundwork for the Internet Phase 1: Infrastructure ARPANET
23 Learning from the Web s history Second, networks develop and begin to federate Phase 2: Federation Phase 1: Infrastructure AOL/Compuserv ARPANET
24 Learning from the Web s history Third, the Web provides platform for all new types of services Phase 3: Global Market World Wide Web Phase 2: Federation AOL/Compuserv Phase 1: Infrastructure ARPANET
25 The progression of the Value Web History of the Web The Value Web Phase 3: Global Market World Wide Web??? Phase 2: Federation AOL/Compuserv Payment Networks ARPANET Financial Institutions Phase 1: Infrastructure
26 Challenge: the double-spend problem Money is not just information, you cannot send it twice Settlement via Counterparty 1 Payee 1 Payer Duplicate Payment Payee 2 Settlement via Counterparty 2 26
27 Challenge: new regulatory frontier More ledgers, more counterparties, more need for oversight Who are the participants? Payer??? Payee??? Settlement Counterparty Counterparty 27
28 Challenge: lack of simple, open standards Existing standards are not equipped to facilitate Web Settlement??
29 How can you get involved?
30 Web Settlement Community Group Further build case for new settlement standards Incubate and prototype standards Bring in non-w3c members, including banks and payment networks
31 Web Settlement Task Force Liase with the W3C Web Payments activity Connect with other TFs on Credentials, Authentication, Payment Initiation, etc Develop charter for Web Settlement Working Group
32 Web Settlement: from anyone to anywhere Linking networks enables faster, cheaper payments for everyone
Executive Summary for Financial Institutions
Executive Summary for Financial Institutions Ripple: Internet protocol for interbank payments January 2015 - Version 1.2 Contents 2 Introduction 3 What is Ripple? 4 Who can use Ripple? 5 What are the use
More informationNÁRODNÁ BANKA SLOVENSKA EUROSYSTEM
NÁRODNÁ BANKA SLOVENSKA EUROSYSTEM OVERSIGHT POLIC CY OF NÁRODNÁ BANKA SLOVENSKA Oversight of payment systems and payment instruments December 2014 CONTENTS OVERSIGHT DEFINITION AND OBJECTIVES... 3 OVERSIGHT
More informationTrade Finance & Liquidity Management. - 5 May 2010 -
Trade Finance & Liquidity Management - 5 May 2010 - Agenda Trade Finance Concepts & Trends SWIFT Trade Finance Offering BIS Solutions in the Trade Space Managing Liquidity BIS Solutions on Liquidity Mgt.
More informationTransactions User Guide (Internet)
Version Oct 2011 Pg 1 of 256 Table of Contents Purpose...5 1. Transaction Flow Overview...5 2. Bulk Import...6 2.1. Import...6 2.2. Batch Instructions...8 3. Create Transaction From Template...10 4. Copy
More informationThe Cost-Cutting Case for Banks. The ROI of Using Ripple and XRP for Global Interbank Settlements
The Cost-Cutting Case for Banks The ROI of Using Ripple and XRP for Global Interbank Settlements February 2016 Introduction In Building Network Effects on Ripple, we shared our company s vision for a future
More informationElectronic Funds Transfer Policy
Electronic Funds Transfer Policy APPROVED BY: Ronald J. Paprocki DATE: February 2, 2010 PAGE: 5 I. Date of Initiation/Revision February 2, 2010 II. Policy Classification Treasury Department III. Policy
More informationOpinion Paper on Next Generation Alternative Retail Payments: Infrastructure Requirements EBA Working Group on Electronic Alternative Payments
Opinion Paper on Next Generation Alternative Retail Payments: Infrastructure Requirements EBA Working Group on Electronic Alternative Payments Version 1.0 15 th December 2014 Table of Content Executive
More informationInstant retail payments for Europe: a Blueprint
Instant retail payments for Europe: a Blueprint February 2015 Instant retail payments for Europe: a Blueprint It is indispensable to debate instant payments now. In an ever more interconnected, always-on
More informationBahamas Automated Clearing House (BACH) What is it? Why do we need it? How will it affect me?
Bahamas Automated Clearing House (BACH) What is it? Why do we need it? How will it affect me? The Dry Details What is it? A network connecting the seven Clearing Banks and the Central Bank to facilitate
More informationAnalytics for the People
Analytics for the People Christopher Hackett VP EMEA Tibco Analytics Copyright 2000-2015 TIBCO Software Inc. So Much Data. So Little Use. We re spending billions on business intelligence. Yet only 25%
More informationAccepting Cross-Border Online Payments
Accepting Cross-Border Online Payments LinkedIn Profile 16+ years professional experience working with top tier global firms 12+ years focused on financial services and payments Business development, sales,
More informationResearch Statement. 2. SMU tbank shall align to, and inform, SMU s Unified Banking Process Framework.
Research Statement Alan Megargel School of Information Systems, Singapore Management University Tel: (65) 6808-5276; Email: alanmegargel@smu.edu.sg 29 th Jan 2015 Background During my years working in
More informationK86- Revolving Mortgage Loan Lifecycle. Process Diagram
K86- Revolving Mortgage Loan Lifecycle Process Diagram Purpose, Benefits, and Key Process Steps Purpose The business process covers the entire life cycle of a revolving mortgage loan, from creation of
More informationLegal aspects e-mandates
Legal aspects e-mandates European Payments Platform 2014 Euroforum Annemieke van der Beek Annemieke.van.der.beek@kvdl.nl Joris van Horzen Joris.van.horzen@kvdl.nl 16 December 2014 SEPA mandates With a
More informationACI Operations Certificate (010) Sample Questions
ACI Operations Certificate (010) Sample Questions Setting the benchmark in certifying the financial industry globally 8 Rue du Mail, 75002 Paris - France T: +33 1 42975115 - F: +33 1 42975116 - www.aciforex.org
More information!!!!!!!!! Submission!to!the!Conference!of!State!Bank!Supervisors!! Submission!by:!! Ripple!Labs!Inc.! San!Francisco,!CA!USA! 14!February!2015!!
SubmissiontotheConferenceofStateBankSupervisors Submissionby: RippleLabsInc. SanFrancisco,CAUSA 14February2015 Submissionto: EmergingPaymentsTaskForce ConferenceofStateBankSupervisors Via online portal
More informationYour Partner for European Payment Processing
Your Partner for European Payment Processing A state-of-the-art platform built to support European diversity We believe that SEPA and domestic instruments will co-exist for some time, and both need to
More informationPayments Statistics Return (PSA)
Payments Statistics Return (PSA) Notes on Compilation Incorporating FAQ Version 1.1 4 March 2015 Email: creditinst@centralbank.ie Website: http://www.centralbank.ie/ Version Date Comment V1.1 4 March 2015
More informationLesson Learned. Open systems are good! Benefit to IT economy Benefit to IBM. Salmony - Open Payments - Singapore. June 2013 1.
Europe s Leapfrog Open your mind Open Payments Global Payment Summit, 7 th June 2013 Michael Salmony Michael Salmony - Personal Background Computer Science PhD in Computer + Networks = New Media International
More information365 Phone, Online and Mobile Banking Terms and Conditions - Republic of Ireland Effective from 25 th November 2013
365 Phone, Online and Mobile Banking Terms and Conditions - Republic of Ireland Effective from 25 th November 2013 1.0 Definitions of Terms used in this Document 2.0 Accounts 3.0 Mandates 4.0 SEPA Transfers
More informationa central bank; individual payment service providers; and the inferred technical specifications.
Contact name: Organization name: Alun Thomas Kalypton Limited Please indicate the segment of the payments industry your organization best represents: Technology Solution Provider Q1. Are you in general
More informationwww.cathaybank.com Cathay Business Online Banking Quick Guide
www.cathaybank.com Cathay Business Online Banking Quick Guide Effective 06/2016 Disclaimer: The information and materials in these pages, including text, graphics, links, or other items are provided as
More informationEffective Project Kick-off Meetings
Effective Project Kick-off Meetings Purpose: Understand how, when and why to conduct a project kickoff meeting Audience: Project managers and team members Learning Objectives: Identify and assemble the
More informationRipple as an Innovative Solution to the Ways We Pay
Ripple as an Innovative Solution to the Ways We Pay Submission by: Ripple Labs 300 Montgomery Street San Francisco, CA 94104 June 2015 Submission to: Department of Finance Canada Attn: Lisa Pezzack Financial
More information1i. What other gaps or opportunities not mentioned in the paper could be addressed to make improvements to the U.S. payment system?
Name: Elena Whisler Organization: Clear2Pay Industry Segment: Technology Solution Provider/Processor General 1. Are you in general agreement with the payment system gaps and opportunities identified in
More informationTypes of Payment Systems and Instruments
Welcome to the Public Awareness column prepared by the Reserve Bank of Fiji. This month s article introduces the types of payment mechanisms available in Fiji and how they work. Types of Payment Systems
More informationImplementing a Data Governance Initiative
Implementing a Data Governance Initiative Presented by: Linda A. Montemayor, Technical Director AT&T Agenda AT&T Business Alliance Data Governance Framework Data Governance Solutions: o Metadata Management
More informationBank Wizard. Comprehensive payment data validation and verification
Bank Wizard Comprehensive payment data validation and verification Introduction The Bank Wizard product family enhances payment efficiency and helps reduce payment fraud with a comprehensive suite of bank
More informationDo We Need a Global ACH?
In Conversation With Do We Need a Global ACH? Gareth Lodge, Celent Neil Burton, Earthport CELENT In Conversation With Global ACH, or iach as it is sometimes called, seems to be the buzzword of the moment.
More informationOMNI-CHANNEL FRAUD MANAGEMENT. Strategies & survival tactics for retailers
OMNI-CHANNEL FRAUD MANAGEMENT Strategies & survival tactics for retailers June 16, 2015 Presenters Jackie Barwell, Director of Product Management Erika Gallo, Director of Payment Risk Management 2 Agenda
More informationCGI Payments360. Moving money with greater agility and confidence. Experience the commitment
CGI Payments360 Moving money with greater agility and confidence Experience the commitment Addressing today s payments realities Customers want the ability to buy anything, pay anyone and bank anywhere
More informationATA DRIVEN GLOBAL VISION CLOUD PLATFORM STRATEG N POWERFUL RELEVANT PERFORMANCE SOLUTION CLO IRTUAL BIG DATA SOLUTION ROI FLEXIBLE DATA DRIVEN V
ATA DRIVEN GLOBAL VISION CLOUD PLATFORM STRATEG N POWERFUL RELEVANT PERFORMANCE SOLUTION CLO IRTUAL BIG DATA SOLUTION ROI FLEXIBLE DATA DRIVEN V WHITE PAPER Create the Data Center of the Future Accelerate
More informationPayments are evolving: Make sure you re in the driver s seat
Payments are evolving: Make sure you re in the driver s seat Today s financial services industry is fast changing and challenging. The key to success for many banks in the coming years will be their ability
More informationMEMORANDUM OF UNDERSTANDING. between. the Central Bank of Malta. and. the Malta Financial Services Authority
MEMORANDUM OF UNDERSTANDING between the Central Bank of Malta and the Malta Financial Services Authority in respect of Payment and Securities Settlement Systems MEMORANDUM OF UNDERSTANDING between the
More informationBusiness On Line. The complete online package for your business
Business On Line The complete online package for your business Manage your cash flow wherever you are Controlling your cash flow is crucial to the success of your business. At Bank of Ireland we understand
More informationSubmission to the Payment Systems Regulator Consultation (CP 14/1) Submission by: Ripple Labs Inc. San Francisco, CA USA.
Submission to the Payment Systems Regulator Consultation (CP 14/1) Submission by: Ripple Labs Inc. San Francisco, CA USA 11 January 2015 Submission to: UK Financial Conduct Authority Payment Systems Regulator
More informationARIAS Remittance System
ARIAS Remittance System Emerging Risks in Emerging Payments Conference at the Federal Reserve Bank, Atlanta, 15 16 Nov. 2010 Small International Payments Small International Payments are one of the fastest
More informationRipple Protocol: The Internet for Value
November 2014 Ripple Protocol: The Internet for Value Ripple is a universal protocol founded in 2012 to power the cheapest and fastest payment system for value transfer. Ripple s technology enables users
More informationIBM Financial Services Sector. IBM Payment Platform to face SEPA A flexible approach for a Smarter Bank
IBM Payment Platform to face SEPA A flexible approach for a Smarter Bank Market Forces Driving the Payments Industry to Transform Economic Pressures Increasing pressures on fees Margins being squeezed
More informationGeneral Guidelines for the Development of Government Payment Programs
General Guidelines for the Development of Government Payment Programs Social Safety Nets Course Washington D.C., 15 December 2014 Massimo Cirasino, Head, Payment Systems Development Group The World Bank
More informationYour Guide to Going Global with AP Automation. Donna Sawyer Paymode-X Product Manager, Bottomline Technologies
Your Guide to Going Global with AP Automation Donna Sawyer Paymode-X Product Manager, Bottomline Technologies Agenda Automating Global AP A Case Study for Global EFT Key Considerations When Automating
More informationRussian Federation Federal Law No. 161-FZ of June 27, 2011, "On the National Payment System" Chapter 1. General Provisions
Russian Federation Federal Law No. 161-FZ of June 27, 2011, "On the National Payment System" Adopted by the State Duma on June 14, 2011 Approved by the Federation Council on June 22, 2011 Chapter 1. General
More informationIntegrating Payables and Receivables to Unlock Working Capital
Integrating Payables and Receivables to Unlock Working Capital Approved for 1 CTP / CCM recertification credit by the Association of Financial Professionals May 2009 Introductions David Kunz Treasury Management
More informationINCLUSIVE PAYMENTS BENEFITS EVERYONE
INCLUSIVE PAYMENTS BENEFITS EVERYONE Financial Services for the Poor: Level One Project James Dailey June 18, 2015 Bill & Melinda Gates Foundation THEORY OF CHANGE FINANCIAL SERVICES FOR THE POOR Intervention
More informationOversight of payment and settlement systems 2014
Oversight of payment and settlement systems 2014 June 2015 Oversight of payment and settlement systems Contents 1 Introduction 5 2 Why oversight? 6 3 Which institutions are subject to DNB s oversight?
More informationJuly 2010. Ireland s Payment and Securities Settlement Systems Infrastructure
July 2010 Ireland s Payment and Securities Settlement Systems Infrastructure IRELAND S PAYMENT AND SECURITIES SETTLEMENT SYSTEMS INFRASTRUCTURE 2 Ireland s Payment and Securities Settlement Systems Infrastructure
More informationI AVOID DABBA TRADING IN COMMODITY FUTURES
I AVOID DABBA TRADING IN COMMODITY FUTURES Dabba (off-exchange) trading is both risky and illegal. Dabba trading or trading in commodity futures outside the FMC-regulated exchanges is illegal as per the
More informationInternational ACH: Payment Gateway to Europe
International ACH: Payment Gateway to Europe Treasury Symposium St. Petersburg Florida Tuesday, January 27 Concurrent Session 16 10:15am 11:30am International ACH: Payment Gateway to Europe Presenters:
More informationMarcus Evans 6th Annual Liquidity Management Conference 2007 The Impact of SEPA on Cash Management Products and Services
Marcus Evans 6th Annual Liquidity Management Conference 2007 The Impact of SEPA on Cash Management Products and Services The views expressed in this presentation are those of the author and do not necessarily
More informationFour Advantages an Online International Payments Platform Gives Your Business
Improving Foreign Exchange and International Payments for Your Business Four Advantages an Online International Payments Platform Gives Your Business July 2009 US As every business has noticed the financial
More informationDepartment Payments and Settlement Systems
processing of retail payments: Services offered by the Deutsche Bundesbank Department Payments and Settlement Systems Processing of retail payments: Services offered by the Deutsche Bundesbank The Deutsche
More informationTerms and Conditions. 365 Phone and Digital Banking
Terms and Conditions 365 Phone and Digital Banking Effective from 23rd February 2015 1.0 Definitions of Terms used in this Document 3 2.0 Accounts 4 3.0 Policies 4 4.0 SEPA Transfers 4 5.0 Security and
More informationAccess to the National Payment System (NPS)
Access to the National Payment System (NPS) Tim Masela Head: National Payment System Department South African Reserve Bank Presentation at the CFI indaba - October 2012 Contents What is the National Payment
More informationNew U-Direct: Quick Guide/Frequently Asked Questions
Outline New U-Direct: Quick Guide/Frequently Asked Questions 1. Getting Started 1.1. How can I enroll for Internet Banking (U-Direct)? 1.2. Why is my U-Direct Login Page not loading properly? 1.3. How
More informationThe Payments Council's Roadmap and Its Success
All Party Parliamentary Group on Insurance and Financial Services Payments Council 22 October 2013 Subject: Payments Council The Payments Roadmap Presenters APPG Others Adrian Kamellard, Chief Executive,
More informationCitizens 1 st National Bank Mobile Banking FAQ
Citizens 1 st National Bank Mobile Banking FAQ Citizens 1 st National Bank has an App for its customers available for Apple iphones, ipads and Android phones. SMARTPHONE DEVICE MINIMUM REQUIREMENTS APPLE
More informationReal-time payments are changing the reality of payments
Real-time payments are changing the reality of payments Contents #paynow 1 Why cash may be a thing of the past 2 How do real-time payments work? 3 Potential benefits of real-time payments 4 Real-time payments
More informationThe European Commission e-invoice undertaking Bank of Finland 28.08.2008 Bo Harald
The European Commission e-invoice undertaking Bank of Finland 28.08.2008 Bo Harald 1 E-invoicing Expert Group Outline 2 1. Timeline 2. 5 Mega-class reasons for e-invoicing 3. Progress in EG 4. How to get
More informationWorking Group on U.S. RMB Trading and Clearing New York, January 2016. Discussion Outline: Possible RMB Clearing Operating Models
Working Group on U.S. RMB Trading and Clearing New York, January 2016 Discussion Outline: Possible RMB Clearing Operating Models The purpose of this note to is to introduce possible RMB clearing operating
More informationSWIFT for central securities depositories. One solution for all a CSD s communications
SWIFT for central securities depositories One solution for all a CSD s communications Enabling CSDs to compete in a global marketplace SWIFT for central securities depositories Streamlining communication
More informationState-Sponsored Cryptocurrency: Adapting the best of Bitcoin s Innovation to the Payments Ecosystem
State-Sponsored Cryptocurrency: Adapting the best of Bitcoin s Innovation to the Payments Ecosystem The Bitcoin Buzz Bitcoin, the most popular virtual currency in the market today, continues to draw significant
More informationMIROMAR TITLE COMPANY, LLC. Best Practices Manual
MIROMAR TITLE COMPANY, LLC Best Practices Manual January 1, 2016 Table of Contents Company Organization Introduction of Best Practices Pillar One Licensing Pillar Two Escrow Account Controls Pillar Three
More informationCross-Border Payment Systems and International Remittances
Cross-Border Payment Systems and International Remittances Seminar Improving Central Bank Reporting and Procedures on Remittances Mexico City, Mexico, July 11-14, 2006 José Antonio García The World Bank
More informationA Dual Consent Approach for x-payments
A Dual Consent Approach for x-payments Ron J. Berndsen and Daaf van Oudheusden * 18 April 2012 Abstract In this paper we develop an approach for x-payments. An x-payment is a payment between a remote debtor
More information1i. What other gaps or opportunities not mentioned in the paper could be addressed to make improvements to the U.S. payment system?
Name: LORENZO GASTON Organization: SMART PAYMENT ASSOCIATION (SPA) Industry Segment: Technology Solution Provider/Processor General 1. Are you in general agreement with the payment system gaps and opportunities
More informationPEOPLESOFT ENTERPRISE esettlements
PEOPLESOFT ENTERPRISE esettlements Relying on paper-based processes to pay for goods and services and to resolve disputes with suppliers can be costly, inefficient, and D KEY FEATURES Automated settlement
More informationFederal Reserve. Payment System Improvement Public consultation Paper. VocaLink response
Federal Reserve Payment System Improvement Public consultation Paper Questions for the Public VocaLink response Q1. Are you in general agreement with the payment system gaps and opportunities identified
More informationAuthorization for ACH Transfer
Authorization for ACH Transfer New Automatic Transfer Change Existing Transfer Cancel Existing Transfer Institution Name Wells Fargo Bank, N.A. Transfer From Account Name Account Number Transfer To Name
More informationWelcome to PAYMENTS 2015
Welcome to PAYMENTS 2015 PAYMENTS 2015 Mobile App: Check-in, access presentations and complete evaluations on the mobile app. Available on itunes and GooglePlay, search PAYMENTS 2015 WiFi: Complimentary
More informationThe Cashless Cash: Instant Payments
The Cashless Cash: Instant Payments page 2 White paper - The Cashless Cash: Instant Payments The Cashless Cash: Instant Payments Instant Payments are high on the agenda of most financial institutions around
More informationProposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL
EUROPEAN COMMISSION Brussels, 9.1.2014 COM(2013) 937 final 2013/0449 (COD) Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL amending Regulation (EU) N 260/2012 as regards the migration
More informationTable of Commissions and Fees for Enterprises
Table of Commissions and Fees for Enterprises Effective as of 16 December 2013 scan 1/7 9230 I. BANK ACCOUNTS any in PLN 1. Maintenance of each account (monthly) PLN 100.00 2. Maintenance of a progressive
More informationGoing Paperless creating an integrated payment ecosystem
Going Paperless creating an integrated payment ecosystem Andrew Lai Head, Payment Market Infrastructures SWIFT, South Asia 15 th Malaysian ing Summit Kuala Lumpur, 20 th May 2011 Topics Current situation
More informationFinancial Risk Management Top priorities for Corporate treasuries
www.pwc.com Financial Risk Management Top priorities for Corporate treasuries Aniket Kulkarni Michiel Mannaerts March 2014 Contents 1. Introduction 2. Financial risks in corporate treasury 3. Tools for
More informationPAYMENTS TO THE PEOPLE! Real-time, financial institution-centric, fully integrated P2P payments.
PEOPLE PAY PAYMENTS TO THE PEOPLE! Real-time, financial institution-centric, fully integrated P2P payments. FIS People Pay frees the people and moves the money. PAYMENTS GET PERSONAL Beyond online bill
More informationPRESS RELEASE. ECB publishes new report on Card payments in Europe a renewed focus on SEPA for cards
29 April 2014 PRESS RELEASE SEPA FOR CARDS CONTINUES EFFORTS TO CREATE A TRULY EUROPEAN PAYMENTS AREA ECB publishes new report on Card payments in Europe a renewed focus on SEPA for cards Card usage and
More informationTERMS OF REFERENCE FOR THE SEPA COMPLIANCE OF CARD SCHEMES
4 March 2009 TERMS OF REFERENCE FOR THE SEPA COMPLIANCE OF CARD SCHEMES The Eurosystem supports the creation of the Single Euro Payments Area (SEPA) which will enable retail payments in euro to be made
More informationGLOBAL. FLEXIBLE. ASSURED. EQUINITI INTERNATIONAL PAYMENTS
GLOBAL. FLEXIBLE. ASSURED. EQUINITI INTERNATIONAL PAYMENTS 92 BILLION ABOUT EQUINITI INTERNATIONAL PAYMENTS Equiniti International Payments is the assured alternative to banks for large businesses. As
More informationLean Integration. into Business Value. John Schmidt VP, Global Integration Services Informatica
Lean Integration Translating an Innovative Agile Approach into Business Value John Schmidt VP, Global Integration Services Informatica 1 Discussion topics The Big Idea, and Why Lean The 7 Principles of
More informationEesti Pank policy for the operation and oversight of payment systems and for facilitating the payment market
Eesti Pank policy for the operation and oversight of payment systems and for facilitating the payment market Under the Eesti Pank strategy for 2014 2018, it is part of Eesti Pank's mission to promote a
More informationForm Payments statistics (formerly form-9006)
Form Payments statistics (formerly form-9006) General The report contains data on payments, specifically payments between consumers, businesses and the government. As of July 2014, this report implements
More information1i. What other gaps or opportunities not mentioned in the paper could be addressed to make improvements to the U.S. payment system?
Name: Organization: Industry Segment: David Madden Stone Coast Fund Services Other (open field) General 1. Are you in general agreement with the payment system gaps and opportunities identified in the
More informationBig Data Solutions Ease Financial Services Compliance and Reporting
Big Data Solutions Ease Financial Services Compliance and Reporting Real-time data collection and analysis helps ensure compliance and uncover new business opportunities. THINK SMART. ACT FAST. FLEX YOUR
More informationThe multi-bank, multi-instrument confirmation matching solution
FusionBanking Confirmation Matching Service Software overview The multi-bank, multi-instrument confirmation matching solution A single window to automate and de-risk trade confirmations Our previous confirmation
More informationDriving Healthcare n Today healthcare spending in the United States exceeds $1.4 trillion, driven by
Driving Healthcare n Today healthcare spending in the United States exceeds $1.4 trillion, driven by regulatory, patient safety and business issues that are transforming healthcare in America n Healthcare
More informationW3C Web Payment IG. Payment Service Providers. Alibaba Zephyr Tuan
W3C Web Payment IG Payment Service Providers Alibaba Zephyr Tuan 01 Internet Finance Ecosystem in China 02 Payment Service Provider Requirements 03 Open Questions 01 When Internet Meet Finance Internet
More informationRedesigned Customer Payment Site
November 2013 Redesigned Customer Payment Site As you ll see below, there are many enhancements included in the redesign of the E-Payment Service Customer Payment Site. Utilize these release notes during
More informationLow Value Payments: An Australian Roadmap
Australian Payments Clearing Association Low Value Payments: An Australian Roadmap December 2008 A vision for the evolution of Australia s electronic payments systems 02 Contents 1. Executive summary 03
More informationService and Price Guide ISLAMIC. Service and Price Guide: September, 2013. All fees and charges are subject to 10% excise duty. Financial Services
Service and Price Guide: September, 2013. ISLAMIC Financial Services Service and Price Guide All fees and charges are subject to 10% excise duty Standard Chartered Bank Kenya Limited is regulated by the
More informationMyBank and banking on Banks. Why the Current account is the killer app for digital commerce and identity
MyBank and banking on Banks. Why the Current account is the killer app for digital commerce and identity While there are many exciting activities emerging the FinTech, the majority of people still want
More informationShould Custodians Become Clearing members?
Should Custodians Become Clearing members? HSBC Securities Services Prepared by: Francis DASSOU Date: NOV 14 Agenda Introduction to Custody Introduction to Broker Clearing Q & A Introduction to Custody
More informationGuide to the Electronic Payment Alternatives to Cheque Acceptance
Guide to the Electronic Payment Alternatives to Cheque Acceptance This document has been prepared by the Programme Office of the National Payments Plan for the purpose of informing interested parties about
More informationWorking Paper An Inclusive Approach to Digital Payments Ecosystems:
BETTERTHANCASH A L L I A N C E Improving Lives Through Digital Payments Working Paper An Inclusive Approach to Digital Payments Ecosystems: Accelerating the Transition from Cash Requires an Ecosystem Approach
More informationThe Business Application Header is a header that has been defined by the ISO 20022 community,
N3072 Business Application Header Frequently Asked Questions Business Application Header Frequently Asked Questions There has been a lot of discussion about the Business Application Header within the ISO
More informationAutomating the Settlement Process
Automating the Settlement Process Agenda Discussion Outline Why automate payments Options to achieve automation Selecting a service provider Transforming your payment process Future of electronic payments
More informationTariff of Banking Fees and Commissions of mbank for SME and Corporates
Tariff of Banking Fees and Commissions of mbank for SME and Corporates (uniform wording effective 25 th November 2013) mbank.pl Contents General provisions... 3 I. Bank Accounts... 4 A. Bank Accounts and
More informationZimbabwe. Online Banking User s Guide
User s Guide Dear Customer, Thank you for choosing our services and welcome to the world of next generation financial services. Standard Chartered allows you to perform banking with a click of a button
More informationACH Welcome Kit. Rev. 10/2014. Member FDIC Page 1 of 8
ACH Welcome Kit Rev. 10/2014 Member FDIC Page 1 of 8 Dear Customer, Thank you for utilizing FirstMerit s ACH services. We have finalized the setup of your ACH product and you may now begin processing ACH
More information