Looking at a wallet based payment chain (P2P) the central pivot point is the wallet itself. The wallet needs to have the values available either in the wallet or immediately on call by a service provider. Euro’s – or any other currency for that matter – could be provided by a gateway provided per bank based on the PAAS conception.
For those who are not initiated in SEPA or in CSM interoperability lets first dissect the title of this post. You can find a short synopsis here on: What is [...]
Yesterday, I attended a conference of EACHA, the European Association of Automatic Clearing Houses (in SEPA parlance CSM’s: Clearing and Settlement Mechanisms) in Berlin. This is a group of payments [...]
With February 2014 looming around the corner and many companies scrambling to get their act together to implement SEPA in time it might be regarded as to early to start [...]
The payments landscape is characterised by profound fragmentation, getting worse everyday. In payments, especially in Europe, regulators and banks have successfully tried to prevent fragmentation for decades. But the spirit [...]