The Dutch Central Bank recently granted GlobalCollect a license as a Payment Institute, a so-called Payment Services Directive (PSD) license.
The PSD provides a system of licenses for Payment Service Providers, lays down information requirements regarding payment services, and lists rights and obligations of both Payment Service Providers and users. The aim of this Directive is to ensure the user-friendliness, safety, and efficiency of payments throughout the European Union / European Economic Area – in particular credit transfers, direct debit mandates, card payments, and so-called money transfers. It introduces and harmonizes rules concerning the providers of payment services.
Jan Manten, CEO of GlobalCollect, said: “The fact that GlobalCollect obtained a license as a Payment Institute is a milestone in our very own 15+-year history which reflects the professionalism and industry knowledge of GlobalCollect and its employees. At the same time, it marks the coming of age of the e-commerce industry which emerged 10+ years ago. With this license, GlobalCollect will be able to continue to provide the service portfolio its merchants expect and expand it further while giving them the peace of mind of working with a certified Payment Service Provider.”**
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PriceMetrix is a software firm that helps retail wealth management firms and their advisors optimize selling efforts, manage clients, identify growth opportunit ...
Steve Husk, CEO of FRSGlobal, discusses the factors financial institutions are faced with in order to equip themselves against the current regulatory environment.
The adoption of IFRS for Canadian companies is in full swing. As of January 1, 2010, Canadian companies are required to file financial statements under IFRS. Although Canadian GAAP and IFRS are similar, there are three main differences that have posed a challenge for companies: effectiveness testing, hedge accounting eligibility, and fair value measurement. While not an exhaustive list, these issues have posed the greatest challenge for Canadian corporations during the first quarter of 2010. The following paper clarifies some of the differences in hedge accounting between Canadian GAAP and IFRS and shares best practices for hedge accounting to help Canadian corporations navigate through the transition.
With this Spring 2010 Edition of the Phone System Comparison Chart quickly see differences between brands like Avaya, Mitel, Cisco, ShoreTel, 8x8, Panasonic, etc and compare over 94 phone systems by 52 brands for small to big business.