Banking beyond borders

Once the EU Council has approved the IP legislation, it is expected to be published in the EU Official Journal in the near future. Implementation deadlines, processing times and the Verification of Payee (VoP for short) are of concern to banks and providers alike. Reason enough for us at Gravning to enter into an exciting discussion with experts from the banking and provider sector as part of our “Expedition”.

I usually try to introduce articles like this with a nice linguistic image. This can also be a bit sensational and at best emotionalising. On this topic, however, I will try to keep my language as sober as possible, as there has been increasingly emotionalised talk...

We learnt to look over our shoulders in driving school, and it accompanies us throughout our lives on the road. If you want to switch to the fast lane, you should take a quick look back to judge your surroundings better. This scene in mind takes us right into the...

Transaction fees were a constant companion – and that doesn’t even refer to the foreign exchange fees on the credit card statement. At first, I thought the New Zealand dialect was just playing tricks on me.

Tuesday, November 7th, 2023, 08:05 pm – The European Parliament has reached another milestone in the expected commitment to the introduction of instant payments. However, this means that the law is firmly expected to come into force in the first quarter of 2024.

Since the coronavirus pandemic, the trend towards digital payment solutions has spread throughout society and has become an integral component of numerous individuals’ daily lives. For this reason, in this article, we examine Request to Pay, an innovative and contactless payment method that has the potential to gain new momentum with the forthcoming Instant Payments obligation.

The process map is a crucial tool for companies to visualize the existing business processes within the organisation and to attain an in-depth comprehension of these. As a result of conducting the process map, there is the possibility to further optimize the process and to delete unnecessary processes.

As is well known, Hamburg’s politicians and business community are asking themselves, quoting an initiative of the Chamber of Commerce, “how and from what we want to live in the future”.

After decades of ups and downs in the economy, Hamburg is once again facing important decisions, including the further development of the financial centre.

The payment terminal obligation for charging stations is a done deal. But the real work is just beginning. Why it is not enough to transfer a familiar process to a new business and why a fully-fledged payment process strategy is needed.

Since October 2022 at the latest, it has been clear that the obligation for banks to offer Instant Payments is coming! The EU Commission has made this clear with its draft legislation. Are there any further or new findings and what are the real challenges facing banks and financial institutions today?