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24 Jun 2004 06:53 AM
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Online Banking In US Grew 30 Per Cent In A Year:
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About 22 million US consumers bank online at the top 10 banks, according to comScore, which is a 30 per cent increase
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24 Jun 2004 06:34 AM
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Multiple ePayment Options Help To Convert Buyers:
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US e-tailers can convert up to 20 per cent more shoppers into buyers by offering multiple payment options, according to CyberSource, with those offering one payment type, now converting 60 per cent of shoppers. By contrast
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24 Jun 2004 06:10 AM
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Banks Expect Delays In Chip & PIN Accreditation:
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UK banks may be unable to handle a late rush in demand for chip and PIN accreditation from retailers, with just six months remaining before liability for card fraud shifts to retailers who are not chip-enabled. To avoid a ‘log jam’
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23 Jun 2004 05:43 AM
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Bank Account Hijacks Are A Fast-Growing Fraud:
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Banks’ systems for detecting checking account fraud lag those for credit card fraud detection, which is a serious shortfall with Gartner reporting bank account theft to be second only to physical credit card theft in growth terms. New
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23 Jun 2004 05:23 AM
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SEPA Will Help Banks Offer Value-Added Services:
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From 2006, Europe’s banks will be able to prioritize working capital and purchase-chain services once the SEPA project simplifies transaction capture and initiation, now the most costly element of banks’ payment activities. In late 2005, under SEPA, the European Banking Association is to roll out its STEP3 platform, for corporate
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23 Jun 2004 04:56 AM
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Two Million Bank Accounts Robbed In Past Year:
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Banks lost over USD 2 billion to fraudsters in the past year, according to a survey from Gartner, with nearly 2 million Americans losing funds from their checking accounts at an average of USD 1,200 per incident. Online banking
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22 Jun 2004 09:08 AM
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EPC To Keep Consolidating SEPA Work In 2004:
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In March 2004, the European Payments Council, driver of the pan-EU SEPA (Single Euro Payments Area) initiative, defined its goals for 2004, which include the consolidation of the past two years’ work. Although the SEPA
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22 Jun 2004 08:54 AM
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Europe’s Banks May Seek Revenues From Debit:
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Debit card usage is outpacing ATM withdrawals in most countries, according to research firm Edgar Dunn, but to rival cash in Europe, over 200 transactions per debit card, per year, are needed. Cash costs eurozone banks Ђ32 billion annually, with MasterCard’s Ann Camarillo quoted in the ECR as saying that banks “should stop
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21 Jun 2004 06:34 AM
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Automated Billing Improves Corporate Cash Flow:
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Automating billing processes to reduce the rate of payment exceptions in line with business growth enables corporations to reveal weaknesses in data flows while containing labor costs. To achieve a reliable billing process
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21 Jun 2004 06:03 AM
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P-Cards Improve Corporate Cash Flow, Efficiency:
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US firms that use corporate purchasing programs save a total of USD 23 billion annually, according to a 2003 survey by RPMG Research, and by 2007, this figure is predicted to reach almost USD 40 billion. In the two years ending
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21 Jun 2004 05:50 AM
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ePayments To Gain Traction At Germany’s Banks:
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Electronic payment systems “are becoming more attractive for large financial institutions”, states a new paper from Deutsche Bank Research, particularly as card-based payment mechanisms move online. Innovative
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18 Jun 2004 02:33 AM
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Wells Fargo Gains Revenues From ePayments:
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Online retail payments have become a lucrative revenue source for Wells Fargo & Co, whose gateway processes credit card payments
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18 Jun 2004 02:09 AM
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E-Payments A Focus In Banks’ Latest IT Spending:
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E-payments and cash management will be strong growth areas for banking technology providers, as will business intelligence, systems integration and transaction processing, according to Bank Systems Online. Industry consolidation means US banks have less choice of technology providers, which could imply price increases
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16 Jun 2004 06:24 AM
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Workflow Solutions Benefit Health Care Providers:
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US-based healthcare service providers can reduce bad debt risks by up to 20 per cent by using workflow solutions to enable users to access key data for the improvement of cash flow and operational efficiency
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15 Jun 2004 06:22 AM
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E-Procurement Delivers Solid B2B Cost Savings:
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Better management of services-spend enables Global 2000 companies in the US to achieve savings of 10 per cent, or an average spend of USD 95 million, according to a cross-industry survey by Forrester
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