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EMV at the Pump: Is it Really That Secure?
Thursday, April 08, 2021 Terry Rourke to Fraud Management, Secure eCommerce, Payments and Industry TrendsLast weekend I went spring skiing, well spring snowboarding — but you know what I mean. It was sunny, with temperatures in the 50s — an epic day of carving mashed potatoes to close my snowboarding season.
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Utilities: It’s Time to Put Your Arrears Behind You
Wednesday, April 07, 2021 Dan Bolger to Bill PayAs the economic crisis caused by the COVID-19 pandemic left many utilities customers financially insecure and unable to pay their bills, states across the country issued unprecedented moratoriums on utility shutoffs. But, as the pandemic continues, many states are beginning to lift those moratoriums, leaving customers responsible for paying back the $40+ billion in debt they owe to their utilities billers.
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How to Resolve Delayed Mail Issues with Digital Payments
Thursday, April 01, 2021 Autumn Flora to Bill PayIn light of the pandemic, the United States Postal Service (USPS) has been facing its own crisis. In late December 2020, only 38 percent of non-local first-class mail arrived on time, compared with 92 percent during the same time period in 2019. While mail delays may be considered a minor inconvenience for some consumers who receive late-arriving packages, there can be serious implications for those who rely on traditional mail to receive and pay their bills each month.
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Making Waves in Indonesia’s Payments Space [ALTO Q&A]
Wednesday, March 31, 2021 Leslie Choo to High Value Real Time PaymentsThe Indonesian market is one to watch in the payments space. While paper-based transactions still reign supreme in the country, digital and real-time payments are now top-of-mind issues for regulators and businesses. Leading the charge is the nation’s foremost national switch, PT ALTO Network, which was recognized as an ACI Innovation Award winner.
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Could Increased Fraud Make the Mobile Payments Boom a Revenue Bust for Merchants?
Tuesday, March 30, 2021 Erika Dietrich to Fraud Management, Secure eCommerce, Omni CommerceMobile payments are fast becoming mainstream, with ACI merchant customers seeing 30 percent of all eCommerce transactions in 2020 being made on mobile devices. In the United States, adoption is higher, with 42 percent of eCommerce transactions in 2020 on mobile – that’s a year-on-year growth rate of 55 percent.
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Real-Time Payments Growth Across the World
Monday, March 29, 2021 Jeremy Wilmot to Low Value Real Time Payments, High Value Real Time PaymentsSpurred by a year of unprecedented disruption, 2020 saw real-time payments grow larger—in terms of both volumes and values—and faster than anyone could have anticipated.
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PCI DSS 4.0 Compliance – A Catalyst for Progressive Consumer Payments Modernization
Friday, March 26, 2021 Ray Lockwood to Fraud Management, Consumer Payments, Payments and Industry Trends2021 marks the beginning of the implementation of the new PCI DSS standards, with the final version of PCI DSS v4.0 currently planned for completion in Q4 2021. The planning phase, which has been run collaboratively by the Security Standards Council with the global industry since 2019, has now come to an end and the time window for global financial institutions to begin implementing their solutions has begun. In short, if you haven’t started yet, you’re already behind the curve.
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The European Commission Inception Impact Assessment on real-time payments in the EU: Is the real-time payments’ future a regulated one?
Thursday, March 25, 2021 Monica Monaco to High Value Real Time PaymentsOn March 10, 2021, the European Commission (EC) published an Inception Impact Assessment (IIA) on the Commission’s planned initiative on real-time payments in the EU. The IIA is open for feedback until April 7, 2021, and you can provide your contribution here. The EC is further expected to consult on real-time payments via a broader public consultation in April or May this year. Both the IIA and the upcoming consultation are a follow-up to the Commission Retail Payments Strategy (RPS) I already covered on this blog post.
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What Merchants Should Do To Ensure They Don’t Miss the SCA Deadline
Tuesday, March 23, 2021 Amanda Mickleburgh to Fraud Management, Secure eCommerceJust as we emerge from one of the most turbulent years most businesses have ever experienced, the enforcement of strong customer authentication (SCA) under the PSD2 directive has hit for merchants across the EU, with the U.K. set to follow in September 2021.
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Building Resilience and Flexibility Through Multi-Acquiring
Thursday, March 18, 2021 Benny Tadele to Secure eCommerce, Omni CommerceAt one time, merchants saw payments simply as the cost of doing business. Today, however, payments are seen as a strategic battleground—one that can drive revenue and loyalty when done right. Against this backdrop, and coupled with the rise in digital payments, acquirers and banks must work harder than ever to provide the payment types, speed to market, cost point and reliability merchants are demanding.
