Sunday, January 02, 2005
All good things come to an end.....
Some useful other weblogs/resources on payments are:
- Payments News,
- the new EPSO-website, maintained by ECB,
- the old EPSO-website with epso-newsletters.
Posted by Simon on 10:48 AM | link
Wednesday, December 29, 2004
Ministry of finance and central bank warn for the 'world-euro'
A couple of days later, it now turns out that the one page ad was a free assignment to an advertisement agency. They were asked by the Volkskrant (a morning newspaper) to attract attention of the public for an issue that really should be on the European agenda. And they came up with the idea of the World-euro (and really started believing in it...). But as a result of all the compliance fuss, the real story behind this advertisement was disclosed prematurely and the website of the world-euro was adapted to comply with bank supervision law.
Well, that's 10 points for the ad-agency, I would say.
Or perhaps eleven?
Posted by Simon on 1:15 PM | link
Monday, December 27, 2004
Interpay, Chess and LogicaCMG cooperate to deliver Ideal-platform
Posted by Simon on 4:16 PM | link
Sunday, December 12, 2004
OV Chipkaart becomes reality: first launch this monday
Last week, I noticed that the Rotterdam underground is also preparing for the contactless chipcard. There is a confusing mix of new and old machines. The new entry doors are installed but we are still able to walk alongside of these towards the regular ticket validating machines.
Anyhow, as also our National Railways will be migrating, next year will definitely be the OV-chip year...
Posted by Simon on 1:31 PM | link
Saturday, December 04, 2004
Mobile Payments 2004: brief summary
1. Consumers are willing to pay for mobile payments, especially for parking, public transport and road pricing.
2. RTL Netherlands receives about 60 million premium sms-es per year; their demand to better payment mechanisms focuses mainly on squeezing the current operator marging of 20-40%.
3. Netsize estimates the EU market for mobile services at 23 billion euro and the Dutch market at 1 billion euro.
4. Mobile operators still are the opinion that pre-paid purses with eurovalue in them, from which third parties are being paid, have nothing to do with e-money, money and need not be regulated. The representatives of those operators that effectively operate the most use mobile payment channel, downplay the importance of their payment channels, while not disclosing any data to back this up.
5. Banks intend to expand the internet payment mechanism Ideal for use on mobile channels as well. But first concentrate on the Internet part
6. Simpay will go live in second quarter of 2005; merchants accepting simpay will be faced with 30% fee to be paid as a merchant service charge.
Posted by Simon on 11:57 AM | link
Monday, November 29, 2004
Brr... order confirmation spam
Thank you for your order. Your credit card has charged for amount $560.00.
Charges for the transaction will appear on your credit card statement under the name INTEGRAL LLC.
To view transaction status and order details, point your browser to the following URL:
Posted by Simon on 8:23 AM | link
Friday, November 19, 2004
IInternet: browsing not buying...?
Posted by Simon on 11:47 AM | link
Tuesday, November 16, 2004
Surprise and Shock! Identity smart cards that work on a national level!.
Posted by Simon on 11:43 AM | link
Saturday, November 13, 2004
Dutch Standard for Internet payments: Ideal
The standard will be available to merchants and consumers from mid 2005 onwards. The name of the standard: Ideal, was announced during an e-banking track of e-Netherlands conference on November 11. It is expected that other Dutch banks will also incorporate the standard for their customers.
Research by Multiscope showed that 87 % of the Dutch population find the standard a good idea; 60 % expect to immediately make use of it. Especially a bunch of those consumers that at times still fear the Internet (70%) expect to use the product.
The poll also outlined that the awareness of bank internet payment products was:
- ING's paypal like scheme Way2pay: 32 %
- Rabodirect betalen: 28 %
- ABN AMRO E-Wallet: 14 %
- Rabo Minitix: 3 %
- ING Tootz: 1 %
Of these current payment products, only Minitix will continue to be offered by Rabobank. Rabodirect betalen will become Ideal; the other schemes will be dismantled.
By the way, during the conference it was stated that the current level of Internet payments in the Netherlands is 10 million. This number allows for some further calculations and estimations as to the total number of internet-payments in the EU. But I will leave that to others.
Posted by Simon on 10:01 AM | link
Sunday, October 31, 2004
German Federal Institute for Financial Services Supervision Issues Germany's First E-Banking License to A Telco Operator
Undoubtedly this is the first of many more operators to follow. A new market is now emerging, which is the market of regulated or unregulated mobile operators. In that market NCS mobile payment Bank is now officially the first mover (with Vodafone UK being the unofficial zero-mover; operating under the waiver of a small e-money operator). See also the website: http://www.crandy.com/homepage/en/include/index.html.
Posted by Simon on 1:41 PM | link
Monday, October 25, 2004
Yahoo Direct gives in to Paypal
Posted by Simon on 8:54 PM | link
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