Calendars are amongst mankind's most important standardizations. Taken totally for granted by most it allows us to place events on a commonly used and harmonized timeline. As a mechanism of collaboration [...]
Snapchat and Square recently announced “Snapcash”. This service enables to exchange money directly between two persons (so called P2P: person to person) right from the Snapchat app prompt line. At [...]
Reading up on the latest developments in PAAS I experienced a very strong deja-vu feeling: the banks are not in a position, nor do they want to be apparently, to create a common interoperable standard together while true interoperability is critical to the success of PAAS. I have seen this happening all before with SEPA CSM interoperability (see Half-baked CSM interoperability, SEPA: a Missed Opportunity for True Payments Standardisation). Will history repeat it self again?
(Utopia Wallet Part III) (3 minutes reading time) In part II of this miniseries on Electronic Wallets I promised to have a look at the contours of the Ultimate “Electronic [...]
A long time friend who had just returned from a business trip to the USA to discuss various business development opportunities on two sides of the big point. He was wondering why certain types of innovation are typically initiated in the USA and not in the EU (or ROW). He pointed at PayPal as an example. I think I understand where his question is coming from and at first glance would agree to the gut feel expressed with this question that the conditions in the EU for innovation especially in payments are less favourable. But once you start thinking about it various inroads are possible:
(2 min. read) The inevitable finally happened: the deadline for SEPA for Euro countries to introduce SEPA Credit Transfers and SEPA Direct Debit will be postponed with 6 months. You [...]
Wikipedia: “Interoperability is the ability of diverse systems and organizations to work together (inter-operate). While the term was initially defined for information technology or systems engineering services to allow for [...]
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 [...]
With the end-date of local payment formats in February 2014 looming around the corner I have started to evaluate the SEPA endeavour. The first part was published at April 3 [...]
The relevance, let alone the power of standardization is only understood by a limited degree - if at all - by most companies. Even companies that are totally dependent on [...]
One of the mechanisms for (implicit) collaboration is standardisation. As posted before, standardisation is an underrated but very effective manner of human collaboration. Standards are used by multiple parties to [...]
New standards are building on past achievements, introducing improvements for further evolution. Standardisation is in a way standing on each others shoulders. Successful iterations of standardization commands, almost by it [...]
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 [...]
Just browsing the December 2012 issue of the Scientific American last night my eyes where caught by the very first lines of text as by-line to the cover on the [...]
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 [...]
Most people are not aware about the staggering amount of standardisations that is scoping their lives. Most probably you are reading this post on some sort of electronic device that [...]
In a matter of 2 minutes I was presented two seemingly unrelated articles on Flipboard Technology section yesterday. Rather small news items as we have seen them before, so nothing [...]
Some of the topics I want to discover, uncover and cover at Red Planet Dust, like strategy and scalability, are getting more profiled by the day (but still only scratching [...]
Finextra: Commission drops anti-trust probe into European Payments Council. The EC has stopped its investigation into possible cartel practices by banks cooperating in the EPC. Apparently there is not enough [...]
