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Gaming Merchants Are Riding a Rollercoaster in 2020 with Rises in Revenue and Fraud
Thursday, September 24, 2020 Sharell Barshishat to Payments Risk ManagementWith the social lives of millions worldwide on hold due to the COVID-19 pandemic, many have turned to video gaming as a safe outlet to interact with others or to simply counter boredom.
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Cut Your Losses – It’s Time to Digitize Medical Loss Ratio Rebate Payments
Wednesday, September 23, 2020 David Young to Bill PayThe deadline to issue medical loss ratio (MLR) rebates for 2020 is next week, yet many health insurers are meeting the requirement by sending paper checks in the mail. Meanwhile, only seven percent of health care premium payments are paid by check, according to the 2020 ACI Speedpay Pulse survey on billing and payment preferences. Policyholders receiving these checks may not understand why they are receiving them – if they even open the envelope in the first place.
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Could COVID-19 Be India’s Cashless Catalyst?
Tuesday, September 22, 2020 Somya Patnaik to Immediate Payments, Merchant RetailIndia’s push towards a digital economy has accelerated over the years, with a supportive regulatory environment, home-grown technologies and innovation around digital infrastructure improving “last mile” connectivity to the remote towns and rural areas of the country. While the “Digital India” drive has been consistent, the COVID-19 pandemic has brought out the true value of digitization for businesses and consumers alike. It is a watershed moment and has fast-tracked the pace of digital adoption, particularly for payments, which now plays a critical role in economic recovery.
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Platform Driven Payments Can Drive Improved Profitability for Fuel and Convenience Store Merchants
Thursday, September 17, 2020 Bob Koscheski to Merchant RetailThose of us who drive often don’t think too much about refueling our cars unless or until our tanks are nearing empty. And as long as the price is acceptable and the transaction efficient, a quick, convenient fill up is all we need.
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The Nordics’ P27 Initiative: Payments in Uncharted Waters
Wednesday, September 16, 2020 Katrin Boettger to Immediate PaymentsThe advance of real-time payments around the world seems unstoppable, with 45 schemes currently live and a further 13 (at the time of writing) in the planning stages. In Europe, the Nordics’ P27 initiative – the world’s first integrated multi-country, multi-currency, real-time payments platform spanning Denmark, Finland, Sweden and Norway – promises to make headlines as it takes payments into uncharted waters.
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The Pandemic Has Accelerated the New Era of Acquiring
Tuesday, September 15, 2020 Carlos Pérez Rubio to Payments and Industry TrendsThe COVID-19 pandemic has accelerated many trends already taking shape in consumer purchasing behavior. Almost overnight, routine activities ranging from picking up groceries to buying gas unexpectedly became something that they had never been before – risky.
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How Southeast Asia’s Banks Can Remain Competitive and Profitable in a Real-Time World
Wednesday, September 09, 2020 Leslie Choo to Immediate PaymentsCross-border payments across Southeast Asia are shifting as market dynamics, increased competition and increasingly demanding customers drive rapid change. As payment systems are modernized and the market evolves, banks and governments must stay on top of these trends.
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Recurring Success: Exploring Subscription Payment Trends
Thursday, September 03, 2020 Mike Rogers to Bill PayWhen you think of recurring monthly expenses, there are certain obvious bills that come to mind: mortgage or rent, utilities and phone bill, among others. But today, monthly recurring expenses increasingly include things like online streaming services (music and entertainment), meal kits, pet treats, video games and clothing. It seems there’s a subscription service for everything these days — and consumers are taking full advantage.
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The Benefits of Open Banking for LATAM
Wednesday, September 02, 2020 Luis Bastidas to Immediate PaymentsThanks to customer demand and regulations on how customer data can be gathered and used, open banking has seen rapid growth throughout the world. The EU and U.K. have been leading forces in the implementation of open banking, while countries such as Canada, New Zealand, Hong Kong and Japan have been quick adopters.
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Only One-Third of Major Fuel Merchants Have Fully Implemented EMV and 20 Percent are Still in the Planning Stage
Monday, August 31, 2020 Bob Koscheski to Merchant RetailEarlier this year, we blogged about the issue of EMV implementation in the U.S. fuel sector and the fraud issues fuel merchants can expect to see if they’re not ready by the extended April 2021 deadline.
