in paymentsDisplaying 1 - 10 of 583 blog posts
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Immediate Payments Are "Necessary"—And the Banks Know It
Friday, September 30, 2016 Sandra Horn to Payments and Industry Trends, Immediate Payments, Transaction BankingWho says banks are dinosaurs? They just have a lot of innovation to juggle to keep pace. There are so many new initiatives to address—so how should banks prioritize?
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What Is the Link Between Payment Methods and Conversion Rates?
Thursday, September 29, 2016 Peter Moedlhammer to eCommerceCheckout conversion rates are an incredibly important indicator for merchants’ bottom lines. Even minor change in website design, checkout flow, or the overall payment methods setup can noticeably impact a merchant’s conversion rate – positively or negatively.
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DCC Cuestión de Elección y Servicio [DCC: Offering Choice and Service]
Wednesday, September 28, 2016 Sonia Gomez to Payments and Industry TrendsWe continue our exploration of key trends impacting the Latin America market with a blog on Dynamic Currency Conversion. Many of our reader are seasoned travelers and you will be familiar with the option to pay in the local currency or your own currency using your credit card. Sonia Gomez provides an overview of DCC and how it can benefit all within the payments value chain.
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Is Blockchain Ready?
Friday, September 23, 2016 Katrin Boettger to Payments and Industry Trends, Immediate Payments, Transaction BankingSIBOS is just around the corner and blockchain will undoubtedly be one of the buzzwords at this year’s event (as is the case at pretty much every payments or fintech conference these days). The big question on everyone’s mind is whether blockchain really has the potential to change the global systems that process trillions of dollars in payments every day or whether it’s hype. I recently sat down with Paul Thomalla, ACI’s senior vice president of global corporate relations, to delve deeper into the topic, a topic on which he has just published a white paper.
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Why 75% of Lenders Are Adding New Payment Processing Options
Thursday, September 22, 2016 Phil Spradlin to Payments and Industry Trends, Bill Pay“Do you want my money?” I wondered as I left the website of a lender that didn’t accept debit cards. You see when lenders offer new payment processing options they increase dollars collected by 15%. To increase collections and meet growing customer expectations 75% of lenders are currently adding new payment processing options.
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The Magical Mystery API Is Waiting to Take You Away…Waiting to Take You Away
Wednesday, September 21, 2016 Dan Ring to Payments and Industry TrendsThere’s nothing like a good mashup of a Beatles song and technology, right? We all know the Beatles, but do we all know APIs? To butcher another Beatles song, ‘All you need are APIs, APIs are all you need.’ At least that’s what it seems like, especially in today’s vast finance industry. Before we quote any more songs, we should first define what an API is. According to our friends at Webopedia, Application Program Interface (API) is a set of routines, protocols, and tools for building software applications. An API specifies how software components should interact and APIs are used when programming graphical user interface (GUI) components.
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Payment Service Providers Face Pressures from Many Sides, as Merchant Expectations Rise
Tuesday, September 20, 2016 Adam Bowman to eCommerce, Payments and Industry TrendsThe payments industry is more dynamic than ever, and despite the advances that innovation brings, the speed of change is undeniably putting pressure on traditional business models. The roles of acquiring banks and payment service providers (PSPs) – previously quite clearly defined – are blurring, and merchant demands are becoming technologically more complex.
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SEPA Instant Payments: The Importance of Real-Time Hubs in a Global Market
Friday, September 16, 2016 Craig Ramsey to Payments and Industry Trends, Transaction Banking, Immediate PaymentsAn epiphany is happening across Europe—and across the global markets. I’m not talking about the realization of Brexit (and that we’re all going to need to make it work). But rather, the realization that payment hubs that were brought in to manage SEPA batch credit transfers and direct debits are not going to be capable in the real-time world of SEPA Instant Payments.
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¿Has Visto Tu Tarjeta de Crédito Últimamente? [Have You Seen Your Credit Card Lately?]
Thursday, September 15, 2016 Federico Vilanova to Payments and Industry TrendsPayments is a global business with local flavors. The following blog is part of a series looking at the payment industry in Latin America. This blog looks at the "invisible card" as you go about your daily routines. The post is available below in both Spanish and English.
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eCommerce Payments Optimization as a Merchant Growth Strategy
Monday, September 12, 2016 Markus Rinderer to eCommerce, Merchant RetailIn the majority of developed markets, store-based retail sales are shrinking while eCommerce and mCommerce grow at 10- 20% annually. Consequently, merchants are focused on digital commerce growth opportunities more than ever before.