Payments Tweets for 2017 - The Trends in 140 Characters or Less
The year that was 2016 will be remembered for a whole slew of reasons, many of which almost all of us are happy to see far in the rearview (RIP David Bowie). As the calendar turns and the ball drops sending us into 2017, it’s time to pull out those magic 8 balls and ask what the year has in store for us. What better way to do that than via twitter prognostications. So without further ado, here we go, 5 trends in tweets for 2017!
#OpenAPIs Banks go live with #PSD2 solutions ahead of schedule! Focus shifts to internal innovation and new product packaging and solutions.
#Blockchain at center of growing volume of international payments. YoY CAGR exceeds 500%. Investment in PoCs and alliances continues growth.
#IoT #connectedlifestyle Fraud concerns don’t allay adoption as payments via connected devices take off. Virtual Assistants, the new norm!
#MobilePayments continue slow slog toward mass adoption #OpenAPIs at center of growth through #mCommerce and in app purchases
#Ecosystem Traditional competitors work together in sandbox to create net new payment value chain workflows with real time at the center
As our industry continues its rapid evolution, there will certainly be countless other 2017 Payments Tweets to consider. I welcome and look forward to seeing prognostications from others, be it in 140 characters or longer (or even shorter).
Related Blog Posts
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.
The Complexities of Cannabis: Banks, Merchants, Consumers and More
Cannabis—it’s no longer the verboten 800-pound pink elephant (though I think that might be a new strand). It’s about as mainstream as well…mainstream. And as we begin our latest Rantings Rant, it seems like the last time we (well, not you or I) experienced something like this, Al Capone and Elliot Ness were facing off during the time of Prohibition (if you’ve never seen the film The Untouchables, I highly recommend it!).
KodakCoin and Six Ways That Blockchain Could Really Be Leveraged
The newest cry in the cryptocurrency clamour? That of heritage-photography-giant-cum-new-kid-on-the-payments-block, Kodak. Unbelievably, they have managed to out-blockchain the long-island-iced-tea company in their audacity, and (more than) double their share price to boot.
Why User Engagement Matters, Even for Enterprise Applications
As a User Experience Designer at ACI, I spend a lot of time watching users interact with my designs. I need to make sure our solutions work properly, but lately I’m more interested in how they make my users feel. Engagement is a dominant concept in user interface design right now. It’s important because positive emotional experiences often lead to increased use and loyalty.
Five Payments Trends to Watch in 2018 [Part 1]
2018 is set to be a year of rapid change and new challenges for payments players. The floodgates are opening with PSD2 and UK Open Banking coming into force, bringing an onslaught of new competitors and potential partners. Whether evolution is mandated or market-driven, banks and processors are facing a critical year in their long-term success.
Five Payments Trends to Watch in 2018 [Part 2]
The New Payments Ecosystem Is Here. The floodgates are opening with PSD2 and UK Open Banking coming into force, bringing an onslaught of new competitors and potential partners. Whether evolution is mandated or market-driven, banks and processors are facing a critical year in their long-term success.
When Is Processing Payments in The Cloud More Secure?
Back when I started my career, “Jessie’s Girl” by Australian rocker Rick Springfield topped the charts, the federal funds rate was 20 percent and most organizations were reliant upon one or more mainframe computers that were hosted in an internal “computer room.”
Oh, the Different Ways to Pay Today (Not by Doctor Seuss)
Mark, Mega Millions tickets cost 2 dollars now?!? I don’t have 2 dollars in my wallet... I don’t have any dollars in my wallet!
And due to my lack of paper currency, if I’m not in it, I can’t win it. And I wanna win it, which has got me to thinking (again) about the new(er) ways to pay. When we last tackled the topic, I think we were ranting about wearable rings, speedos, the Rio Games and maybe Ryan Lochte’s hair. We’re now approaching a saturation point when it comes to places (on the body) to put payment mechanisms (especially if you’re in Rio!).
Payments' Big Five: what We Will be Hearing about in 2018
The new year is here… so while resolutions are enacted, and almost inevitably broken before the month is out, it is also the time to look ahead at what the next year may bring. One thing that is clear is that payments will become an even more important ingredient in the business strategy of every merchant. From my perspective, these are the five trends that will have the biggest impact in 2018.
The Eba's Regulatory Technical Standards Provide the “How” to Psd2's “What”
February 2017 saw the release of the long-awaited draft regulatory technical standards (RTS) for strong customer authentication (SCA) from the European Banking Authority (EBA). The RTS defines the technical framework for the implementation of PSD2 with primary focus on SCA, and common and secure connection (CSC). In short, we could say that PSD2 covers the “what” aspect of the regulation whereas the RTS defines the “how” this is to be done.