Director Solution Consulting, Immediate Payments at ACI Worldwide
Barry has worked in the financial industry for nearly 30 years. Originally coming from an engineering background he has designed and integrated market data distribution, financial messaging and payment systems around the globe. After a period as a software developer Barry joined Lloyds Bank where he held a variety of technical roles working on PCs, networks and mainframes. Later he worked for software vendors ACT Financial Systems, Misys Securities Trading Systems and Misys Banking Systems on their trading, banking, financial messaging and payment solutions. Barry joined ACI Worldwide in 2013 to lead Solution Consulting, transforming payments utilising ACI’s industry-leading UP Framework with the Universal Payments strategy. His recent work has included UK Faster Payments solutions, implementation of standards and enabling real time systems around the world. Barry also participates in several industry bodies, including the European Payments Councils Scheme Technical Forum, the EBA Real Time Forum and the ISO 20022 Real Time Payments Group.
Articles by Barry Kislingbury
Instant Payments Are at the Heart of the New Global Payments Landscape: 10 Trends to Watch in 2018
2017 was a big year for immediate payments: European Banking Association, Real-Time 1 (EBA RT1) SEPA Credit Transfer Instant, The Clearing House (TCH) Real-Time Payments in the U.S., and the Australian New Payments Platform (NPP) schemes, all either going live, or in the case of Australia, about to go live. These schemes enable real-time payment transfers across the United States, 34 European countries and Australia, with the potential to reach nearly another 1 billion people. This comes on top of the existing live schemes in the UK, China and India, so that over half of the global population now can access real-time payments solutions.
Unlocking the True Value of Immediate Payments
Immediate Payments must be part of an open banking strategy The question that most banks are asking themselves, as real-time payments schemes gather pace in different markets around the world, is, “How do we enable real-time, digitally-enabled payments in the best possible way?” To answer that question, banks need to consider FAST payments in the context of the Hierarchy of Payment Needs.
SMEs Expect Instant Payments: How Do Banks Meet This Challenge?
Listening to their customers and delivering new services will be crucial for the success of real-time banking and payments in Europe and the US
What’s the benefit to banks when it comes to immediate payments?
Barry Kislingbury, ACI Senior Principal Solution Consultant, describes the opportunities to realize a changing stream of revenue as financial institutions embrace immediate payments.
Real world benefits of real-time payments
It is only fair to acknowledge that real-time payments have the potential to decrease lucrative revenue streams for banks. But, this holds true with most emerging technologies that disrupt the status quo and allow new competition and new ways of doing business. Consider the music industry as an example.
Real-time Payments: Just the first step to real-time banking
I am fortunate enough to be part of many conversations around the globe on immediate or instant payments, but where ever I go there seems to be a whisper that follows me…. “This isn’t really about real-time payments, but real-time banking”.
Prime Time for Real-Time
Global Payment Trends
As the world adopts real-time payments, how does your market stand to benefit?