Social, Mobile and Instant Payments: How Digital Payment Overlay Services Will Power Up P27

For some years now, the Nordics region has been a global-standard bearer for payments and financial services innovation. Sweden has for many years been a leader in the progressive move towards cashlessness, championing the range of efficiencies that it brings. Major payments innovators like Klarna, FundedByMe and iZettle are based in the region, rubber-stamping Stockholm as a genuine fintech hub. Analysts and insight leaders also regularly single the Nordics out as a genuine leader, in particular praising the collaboration between governments, regulators, financial institutions and businesses that has led to such fertile ground for financial modernization initiatives.

Higher Education Payments: Creating a Better Billing Experience for Students, Families and the Institution

For students and their families alike, paying for college may be one of the most stressful situations they can face. According to The Princeton Review’s 2020 College Hopes & Worries Survey Report, more than half of parents expect their child’s college degree—four years of tuition, room & board, fees, books and other expenses—to cost $100,000. Such a large and important cost deserves a corresponding payment system that matches up.

Rise of the Subscription Billing Economy: Trends, Challenges and Solutions

Ownership is a thing of the past. In fact, today’s consumers are less concerned with physical possessions and more interested in experiences. More than half of adults wish they could own less stuff and 70 percent say that subscribing to products and services releases people from the burden of ownership (e.g., maintenance, clutter, declining value).

Gen Z Has Arrived. Is Your Business Ready for the Next Generation’s Billing and Payment Preferences?

Move over Millennials, Gen Z has arrived. They’re entering the workforce… and they too have bills to pay.

The largest of any generation, Gen Z is the first to grow up entirely surrounded by the technology that defines today’s world, from smartphones and social media to ubiquitous high-speed internet. This digital exposure has given Gen Zers – the oldest of whom are 22 – distinct digital preferences and, not unlike Millennials, the need for instant gratification.

Women in Payments: Celebrating International Women’s Day 2020

International Women’s Day, celebrated on March 8, honors the social, economic, cultural and political achievements of women – including equality for all women.

To commemorate the occasion, we spoke with a few female leaders in the payments industry about what the day means both for them and for the wider payments industry. The comments and insights we received were nothing short of inspiring and encouraging.

A New Age of Billing and Payments: Mobile Wallets, AI Technology and Bill Sharing

Growing up in a digital world, Millennial and Gen Z consumers are always connected – and expect immediate access to information. ACI Speedpay Pulse, a consumer billing and payments trends and behaviors survey of more than 3,000 U.S. adults (responsible for two or more household payments a month), found that 99.3 percent of young consumers (defined as those between the ages of 18 and 34) own a smartphone.

Women in Payments: Student Perspectives on the Payments Industry (Part 1)

Last month, ACI’s Omaha office hosted six students from the University of Nebraska Omaha’s Information Technology department for a one-day event, showcasing ACI’s solution offerings and the company’s role in the global payments industry. The six students, all of whom were members of UNO’s Association for Computing Machinery-Women (ACM-W) chapter, had previously participated in one of ACI Omaha’s Coding for Girls Camps.

How to Meet ISO 20022 Migration Deadlines for Fedwire and SWIFT

Over the next decade, we will undoubtedly see huge shifts in how financial institutions throughout North America transact, whether domestically or across international borders. This will be driven not just by changing technologies, but also by regulatory events – such as the widespread adoption of financial messaging standards like ISO 20022.

The Balancing Act between Security and Customer Experience for Bill Payments

Data breaches involving payment data have doubled in the past year for many reasons—lack of security innovation, misplaced corporate priorities and weaknesses in developer portals to name a few.

How Can European Banks Meet the ISO 20022 Migration Deadlines for TARGET2 and SWIFT?

First published in 2004 – and already broadly used in some quarters – ISO 20022 is rapidly set to become the de facto standard for financial messaging around the world, replacing MT messages.