The Growing Strategic Importance of Instant Payments [Webinar]
Financial institutions already recognize the potential of instant (or immediate) payments in the real-time, open banking landscape, however many are still determining the best path forward as they juggle new regulatory requirements and the evolving demands of customers.
Open APIs, cross-border real-time operability across Europe, “Request for Pay” (RfP) proxy services, and PSD2 are all opening the door to new opportunities. But a big picture strategy is needed to successfully ride the instant payments wave.
Embarking on an instant payments initiative requires financial institutions to overcome internal obstacles; selecting a scheme and understanding the differences, planning around unknown volumes, and establishing a practical, efficient approach to real-time modernization. At the same time, institutions also need to position their businesses to move quickly and efficiently in response to future market disruptions.
ACI Worldwide and Finextra have partnered to address these issues in a live webinar ‘Open, Instant Payments in Europe – Are You Riding the Wave?’ on Tuesday, September 26 at 3pm (BST). The live webinar will bring together the following leading immediate payments experts to share insights;
- José Beltrán, Director of Business Development, STET
- Heimen Schuring, Head of Channel Support & Payment Engine, Rabobank
- Honey Kirtley, Vice President, Senior Product Manager, Global GBP Clearing Solutions, Treasury Services at BNY Mellon
- Barry Kislingbury, Director Solution Consulting, Immediate Payments, ACI Worldwide
Register to join the webinar on Tuesday, September 26 at 15:00 (BST) on the Finextra website: www.finextra.com/webinars
Related Blog Posts
Innovate and Integrate to Accumulate: Investing in Payments Systems to Drive Growth
Today’s merchants face numerous challenges, which boil down to one central issue: how to succeed in a constantly changing, complex market, while also investing for the future.
Merchants need to deliver on growing expectations around the customer experience in an increasingly competitive environment, while battling growing costs and squeezed margins. This pressure extends through the whole business for every merchant, in every sector, and it’s driving merchants to look into every corner of their operations for ways to cut costs and redirect resources.
Choice and Flexibility Help Digital Entertainment Merchants Catch Their Customers
Gaming and Digital Entertainment is one of the fastest growing verticals within the broader merchant sector, as boundaries continue to blur. Many forms of entertainment that once only took place in the physical world, or through the purchase of physical goods, have gone fully digital – with significant ramifications for businesses that provide payments services to suit a wide range of merchant needs. I spoke with Andy McDonald, ACI’s vice president of merchant payments, to find out more.
The Telco Transformation Tight Rope: Balancing Risk and Reward
In a previous blog post, we looked at the towering mobile payments opportunity for those MNOs and MVNOs that can build customer trust and convenience through innovation to become a digital marketplace.
But, it is safe to say that while the digital marketplace model could be a real opportunity for telcos, taking this route is not without some risk.
Telcos Must Walk Before They Run When It Comes to Mobile Payments Innovation
The mobile payments market is growing fast, fueled by technological innovation and consumer demand. With each consumer predicted to own, on average, nine connected devices by 2021, there is no doubt that we can expect to see an exponential rise in the number of devices and applications used to make mobile payments over the coming years.
The Merchant Balancing: Act Operational Costs vs Customer Experience
There is no excuse any more for a poor payments experience, but retailers are tasked with a delicate balancing act – not only balancing payments fraud and friction, as we explored in a recent blog post – but also cost and customer experience. With many areas of the business competing for resources, should retailers be cutting costs when it comes to payment acceptance, or focusing on delighting the customer through innovative payment experiences?
Setting the Table for Success in the New World of Merchant Payments
Once upon a time, not so very long ago, creating a payments journey for your customers was as simple as calling your bank, choosing from one of two (maybe three) terminal types that would enable your business to accept mag stripe cards. And then perhaps deciding whether to offer your customers American Express acceptance.
How things have changed!
Payments Fraud and Friction: A Delicate Dance
One of the biggest challenges for retailers, at least when it comes to payment acceptance, is the need to provide a frictionless customer experience that does not come at the cost of customer security. Additionally, retaining a competitive and distinctive edge requires flexibility across markets and segments.
Cutting the Cost and Complexity of Merchant Payments – But Not the Customer Experience
New research from ACI and Ovum, released this week, highlights that many merchants in 2018 are investing in creating operational efficiencies in their payments systems. But the question is, as they strive to simplify systems and cut costs, will customer experience suffer?
Cross-Border eCommerce Expansion: A Fraud Perspective
For merchants that are expanding their online presence overseas, enabling the right locally-preferred alternative payment methods and connecting to local acquirers can be a critical determinant of success. But without considering fraud management strategy in tandem with payments strategy, the road to cross-border success could be a bumpy (not to mention costly) one.
Driving IoT Progress at Mobile World Congress
I felt fortunate to be among the 107,000 delegates from 205 countries attending this year’s Mobile World Congress, held earlier this month in surprisingly chilly Barcelona.
Showcasing everything from connected cars, to virtual reality, 3D printing to amazing app ideas—the exhibition and conference content at MWC gave visitors a chance to discuss the future of mobile and explore the world’s most cutting-edge, mobile-enabled products and services.