December 2007

The conversion of B2B payments from paper to electronic is finally gaining momentum. Key industry players (MasterCard, American Express, JP Morgan Chase and others) are launching new products aimed squarely at the stubborn paper based B2B transaction volume. New uses of the ACH network and efforts to add remittance data to support wire transfers are […]

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As a follow up to my recent post on U.S. GAAP vs. International accounting standards, I discovered a helpful article by the folks at Fulcrum Inquiry. They've done a great job of highlighting the key differences between the two standards: The following chart summarizes some of the more important remaining differences between the two standards. […]

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Major online merchants and the web presence of big retail chains are embracing Bill Me Later, the alternative payment method that enables consumers to buy online and pay later, avoiding entering their credit card data online.  Hitwise reports that the Alternative Payments Category is up 17% for the week ending December 8th over the same […]

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GAPP vs. IFRS

by Erin McCune on December 17, 2007

in Financial Reporting

It's not surprising that larger companies are in favor of moving more quickly to international financial reporting standards (IFRS) than smaller companies. More than 100 countries already use IFRS and the SEC is debating whether to stick with the status quo or abandom US GAAP in favor of the international accounting standard. Last week a […]

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NACHA is joining the mobile banking bandwagon. The ACH organization has formed a Mobile Banking Work Group under the leadership of its Internet Council. The goal is to develop an ACH payment platform strategy for mobile banking. The Mobile Banking Work Group leadership will focus on four primary objectives in the initial phase of this […]

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by Jacqueline Chilton As you seek to find that special gift for that special someone this year, why not take a different approach? Recently, we’ve been working with several non-profit payments providers and discovered new payment services — and new ways to pay — that can help you find a unique gift and make a […]

It's been three long years since the Federal Reserve published its previous payments study. A lot has changed in the payments world since 2004 and the latest study results confirm what we've all been experiencing: electronic payment is now dominant. At the time of the the last study – 2003 – the number of electronic […]

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Users of MasterCard corporate cards will benefit from an upgraded online reporting service providing greater flexibility and the ability to export expense data into other systems including popular ERP platforms (SAP, Oracle) as well as Excel. Benefits for businesses: Transforms data into business intelligence — provides powerful integrated reporting views and insights, leveraging transactional and […]

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This week David Birch posted an insightful commentary on the business case for mobile payment (as opposed to mobile banking). His discussion was in part a response to a study by Deloitte and partially prompted by new mobile payment projects recently announced by two large UK banks. A brief extract (you should read the whole […]

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How often does civil service outrank business in terms of efficiency? Very rarely. But when it comes to electronic payment governments worldwide are making serious progress. A new study by the Economist Intelligence Unit measures the extent to which 43 countries have adopted electronic methods for key transactions such as tax payments/refunds, automotive costs, social […]

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