the e invoicing framework

These include e invoicing , mobile or internet payment initiation , e tickets for airlines and e reconciliation .

The goal is to develop an e invoicing framework by the end of 2009 .

The use of payment cards will be more efficient , as consumers will be able to use the same card for all euro payments .

E invoicing is an essential element in any e government initiative and could preferably be implemented jointly with SEPA .

ECB Sixth single euro payments area ( SEPA ) progress report November 2008

This work is being under taken by the European Commission 's exper t group on e invoicing .

E invoicing using payment infrastructures is a new form of service with exceptional potential .

E invoicing and e reconciliation are value added services that allow customers to receive fully electronic bills ( e invoicing ) , or businesses and public administrations to have their records automatically updated once bills are settled ( e reconciliation ) .

Based on the framework , service providers should be able to offer e invoicing services to their customer across SEPA .

Outside the EPC , work has started on one of the most frequently used value added ser vices electronic invoicing .

ECB Annual Report 2009 pan European online payment solution , 21 as well as on mobile payments and electronic invoicing .

However , as work progressed , aspects such as e mandates , e invoicing and so on gained particular importance .

Both standards should allow the incorporation of structured customer information , in order to facilitate e invoicing and automatic account reconciliation .

The purpose of the framework is to establish a common conceptual structure to support the provision of e invoicing services in an open and interoperable manner across Europe .

Invoicing 3 .

Invoicing 10 .

Current e invoicing services should thus not become obsolete , but the framework should define requirements that allow these solutions to become fully compatible with SEPA .

Topic What

In addition to the core SEPA products that are currently being developed , new opportunities , such as e invoicing , can provide major benefits .

E invoicing saves considerable costs and resources as almost all paper and manual work is deleted from the payment process .

This should encourage technological progress and the realisation of new product opportunities , such as e invoicing , which can provide major benefits to the wider economy .

ATMs SCoTs Others

the rights and obligations on the part of the respective participants in an electronic money scheme must be cleary defined and disclosed

the invoicing currency if indicated on the customs declaration

A different reporting framework will initially be used for the data on e money issued by non MFIs ( 1 ) .

9 . 2007O0002 EN 23.11.2009 002.001 56 B Invoicing 10 .

Issuing electronic money .

offered all the way from one customer to the other customer , both in the customer to bank domain and in the bank to customer domain , i.e. respectively payment initiation and notification of payment , account report and account statement . The Eurosystem would like to invite every bank to offer the standardised messages as a minimum to their professional customers .

15 . In relation to Article 2 ( 1 ) , the ECB would prefer to reverse the wording to the effect that references to credit institutions in all relevant Community legislation would be generally applicable , except of course in those cases , to be listed in this Article 2 , in which such application would not be appropriate or relevlant .

Net asset value ( NAV ) of an investment fund is the value of its assets minus its liabilities , excluding investment fund shares . Non financial corporations comprise corporations and quasi corporations that are primarily engaged in the production of market goods and non financial services , but are not engaged in financial intermediation ( ESA 95 , para graphs 2.21 2.31 ) .

E money .

Several discussions have taken place with the ECB on the invoicing currency .

Total e money

the development of electronic medical apparatus,

They are unable to integrate their invoicing with their payments .

Providers wishing to issue electronic money therefore currently have two options to apply for a licence as an electronic money institution under the Electronic Money Directive , or to apply for a licence as a full blown credit institution . The Payment Services Directive provides the legal foundation for the creation of an EU wide single market for payments .

Structural operation an open market operation executed by the Eurosystem mainly in order to adjust the structural liquidity position of the financial sector vis à vis the Eurosystem .

Solvency risk the risk of loss owing to the failure ( bankruptcy ) of an issuer of a financial asset or to the insolvency of the counterparty .

It is obvious that some presidents do not look at the hands, so to speak, but go straight to the electronic voting system.

Software based e money .

ANNEX IV ELECTRONIC TRANSMISSION

ECB The implementation of monetary policy in the euro area September 2006 ANNEX 2 Standardised deduction the fixed percentage of the amount outstanding of debt securities with an agreed maturity of up to two years ( including money market paper ) which can be deducted from the reserve base by the issuers which cannot present evidence that such outstanding amount is held by other institutions subject to the minimum reserve system of the Eurosystem , by the ECB or by a national central bank .

Article 8 Activities 5 .

The following two BSIs on the liabilities side of the balance sheet of the MFI sector are used for the statistical reporting overnight deposits of which e money hardware based e money , overnight deposits of which e money software based e money .