the seven methods of collection: as for normal-a cashier’s check, the allowance Electronic coverage is guaranteed by the bank that issues it.

Who wants to replace the cheque
OF THE BANKS. IMPROVING THE USER’S EXPERIENCE OF BENEFICIARY. Dematerializing is not enough. The new password for the checks is
“replace”. Technological innovation aims to replicate the features of the cheque, or at least part of them, in new natively digital tools. A total replacement of the paper even at issue, so, and not a “copy per image of the check on computer support”, with all the certification requirements of the digitization process. At stake, there is a market that saw, in 2016, the issue of 186 million paper cheques only in Italy.
Plick: between P2P and wire transfer
In the order of time, the latest reality that has been set to challenge the cheque is Plick. It is a service offered by an Italian startup (PayDo) led by Donato Vadruccio, manager of a leading Italian bank, and the Administrator
Only Massimo Grizzi. Plick is a mix between a wire transfer and P2P: it allows you to send payments without any amount limits, even if you do not know the beneficiary’s IBAN. Simply indicate the recipient’s mobile number or email. The latter will receive a link and will be able to cash out the amount by entering your own code IBAN: Potentially, anyone can receive a Plick account
current in the SEPA area, even if your bank did not join the service.
Unlike traditional checks, Plick’s receipt date may also be postponed, sending the recipient an irrevocable confirmation of payment.
Em@ney: 1 Million Electronic Cheques
Instead, it retained the format of the cheque, but in a digital version,the Em@ney solution, IMEL based in Malta but driven by the Italian Germano Arnò. Em @ ney’s Electronic Cheque requires the sender (from web or mobile) to indicate the beneficiary’s name, location, date, and amount, exactly like traditional cheque. The sending is done by telematics: typically
via email, but not only. And the collection can be done either in cash, at the agreed points, or by depositing on the bank account through home banking. For Em@ney customers, IMEL’s home banking is added.
In total, there are seven ways of collecting: as for a cheque Circular, Electronic Securities cover is secured by the bank who issue it. Em@ney’s solution, which has already issued over 1 million cheques in Italy since 2017, was born to respond to the payment requirements in the online gambling world and therefore respects the EU rules on KYC and

Plick is already here, the electronic cheque

Cheques are also revolutionized by “fintech”.

Fintech is a branch of the rapidly expanding economy whose etymology comes from the union of two words: “up” as finance and “tech” as technology. Fintech or financial technology is about digitizing the banking and financial system that uses technology to make the system more efficient.

A startup has developed a new way of making mobile payments, digitizing the paper component and centering the offer on the current account. It will be presented in Milan on October 10 but according to the anticipations “it is already getting the membership of many banks”.

This, albeit theoretically, was possible already since 2015, with the publication in the Official Gazette of the regulation on the submission of electronic payments for bank and circular payments.

The first concrete example was presented last July in London by the Electronic Coin Institute “Em@ney”, led by Italian Germano Arnò based in Malta and operating throughout the Eea (European Economic Area) area.

Whoever issues it has an account with the financial company and, instead of the traditional paper check, fills out a form on its user page. Enter the beneficiary’s details and the amount. From then on the check exists and can be communicated by a simple e-mail to the beneficiary. Who receives it can cash it in the Em @ ney points on the territory, or pay it on your bank account, from your PC.

Our country is a huge opportunity for electronic payments

A time of comparison between operators and institutions: this was the event “Digitization, Growth and New Opportunities for the Country System”, which was organized by the Asp and was held today in the Hall of the Palace of the Parliamentary Groups of Montecitorio.

Important companies and political figures participated in the meeting. At the center of the debate, three topical themes are: The contribution that each operator can make to digitize the country through its services / products; The opportunities and the criticalities of digitalisation in the Italian system also from the normative / regulatory point of view; Ideas and solutions that are needed to advance digitalisation in Italy and the benefits of greater adoption of the proposed solutions.

During the day two important researches were also presented. The first, commissioned by Experian at Forrester Consulting on the issue of digitization and the changes needed to maintain a high level of competitiveness, points out that despite the big data being a reality of increasing importance in a competitive perspective, only 19% of organizations takes advantage of all the information available to consolidate interactions with its customers, thus improving the security of the service offered. Conclusion is also clear: 81% of organizations say they are not sure of their ability to meet the growing regulatory requirements.

The second research presented by Airplus has instead analyzed trends in payment systems for business travel. New opportunities and developments in the field of business travel, including the surge in virtual payments, are emerging from the study: + 10% compared to 2016 globally, + 14% in Europe and + 28% in Italy. The main reasons for success are given by greater control, safety and ease of use. Increase trust, especially among travelers, towards new digital payment providers such as Google and Apple. The adoption of mobile payments in emerging economies is also growing, mainly used for personal purposes: in this context, the corporate world is still lagging far behind that of the consumer.

Maurice Pimpinella, chairman of the Armed Forces, coordinated the work of the day: “Over the last 10 years, we witnessed an unprecedented revolution in the world as we knew it. One of the most obvious factors that characterize this change is technological innovation and globalization but there is no innovation that does not go for digital payment: there is in fact Amazon, Air BnB, Foodora, there is no p2p lending and blockchain without a sound ecosystem of collection and payment of the latest generation. Italy still accounts for 87% of cash transactions, while those with paper do not exceed 43 per capita per year, according to the latest Bank of Italy 2017 report. We must therefore do a great job all together because change it is played on the cultural front: it is necessary to integrate the courses of study of young people with special programs on digitization and technologies. Our country is a huge opportunity for electronic payments, it’s just a matter of time. ”

The event has taken several important institutional names, among which the On. Pino Pisicchio – Parent of the Mixed Parliamentary Group – Chamber of Deputies, Luigi Casero – Deputy Minister of Economy and Finance, Antonio Palmieri – Member of the Parliamentary Intergroup for Technological Innovation – Chamber of Deputies, Elvira Savino – Member of the Mafia Refugees Committee – Chamber of Deputies, Alessio
Villarosa – component VI Finance Commission – Chamber of Deputies and Mr. Nunzia De Girolamo – Component Permanent Committee VII Culture – Chamber of Deputies. The participants met on the role of politics and institutions in promoting digital and business support and on the importance of electronic payment support with Augusto Santori – Treasury Department – Directorate V –
Ministry of Economy and Finance, Domenico Siclari – Head of Legal Affairs and Parliamentary Affairs on Credit and Financial Affairs – Ministry of Economy and Finance, Giovanni Calabrò – General Manager Competition and Market Authority, Gen. Gioacchino Angeloni – Guardian liaison officer Finance with the Treasury Department of the Ministry of Economy and Finance.

There were also banking realities such as Abi, Cbi, CheBanca! Iccrea Banca Ventis, Poste Italiane, Technologists including Pi4Pay, TAS Group, Ingenico, Verifone, Reply, Hitachi, Ntt Data, Crif, Argentea, Lutech, Pwc, Gft, Pax Italia, Payment Service Providers as Lottomatic Group, Sofort ,

Strict rules but technology in step with the times

The Fourth European Anti-Money Laundering Directive speaks clearly if a financial sector operator’s client was involved in a mafia, terrorism or similar activity would be heavily sanctioned by the same operator, guilty of not having verified the risk profile. Many are still unaware of the verification requirement, but Em @ ney, a European Electronic Money Institute, has already launched a Compliance Check System across Europe, namely the ability to instantly check the information required by the Fourth Directive . Em @ ney’s chief executive, Germano Arnò, explained that “unlike other platforms, this keeps a historical query, which is necessary if there is evidence to the authorities. In addition, the set of verifiable information is not just about illegal business but also legitimate activities that require particular caution, such as the current or past affiliation of the client to the political world. ” Another important practical novelty of the Compliance check system is its ability to connect the database with enterprise information systems, leaving unmodified enterprise software and therefore without any need for any updating of users. “If our headquarters were in Italy,” Arnò said at the conference “Digitization, Growth and New Country Opportunities for the Country System” that took place this morning at the House – the electronic check we launched a year ago would be a project yet to be realized; as it was to a competitor who announced something similar but could not put it on the market before next year and can only be exchanged with banks with which he has made an agreement. While our customers have already issued over one million electronic checkouts that can be deposited throughout the Sepa area, even in Italy. This is the advantage of operating in a country where technology and bureaucracy are in tune with the times. ” Its Em @ ney, the Electronic Money Institute (, operates from Malta in 2011 and passport (authorization of national banking institutions) in all countries in the Sepa area. “I would like Italian to have my company also based in Italy,” he added, “and I hope that this process of digitization which, in truth, politics is finally underway, will be realized in a short time. But surely you can not think it ends in six months! ” lp / AGIMEG


A customer check in real time and click-through. Em @ ney launches a Compliance Check System, a dedicated finance portal for controlling the risk profile of each customer or partner and complying with the European Anti-Money Laundering Directive.

Through the Em @ ney platform, available across Europe in multiple languages, Finance Operators can perform controls on all subjects with whom they have business relationships. The service is based on international databases that collect financial information of all kinds on customers and companies. So in a few clicks you can, for example, know the financial history of an individual, identify situations at risk or subject to insolvency risk.


Whoever offers financial services of any kind, such as banks and payment services, is sanctioned if a customer is involved in a mafia, terrorism or other such activity. In fact, according to the Fourth European Anti-Money Laundering Act, Finance is obliged to carry out checks on its customers and business partners.

“Customer verification does not only concern aspects of malicious activity, such as mafia or terrorism,” says Germano Arnò, CEO of Em @ ney, but also perfectly legitimate and even prestigious activities, such as active politics: who carries out assignments related to what is public should be, according to these rules, treated with greater caution because such a delicate role requires transparency. Our service reports the names classified as “PEP”, or politically exposed, and also the “ExPEP” who are no longer active in politics but have been in the past. ”

The portal can also be integrated into company information systems. There is therefore no need for an ad hoc training path: employees can use the new features through the software they already use daily.