-
What Will the World of Post-Pandemic Payments Look Like? [Dave Birch Q&A]
Tuesday, December 22, 2020 Christopher Taine to Payments and Industry Trends, Consumer PaymentsDave Birch is a leading global authority on payments and digital identity, who is no stranger to predicting what the future of financial services has in store. After delivering the keynote presentation at our recent ACI Edge Virtual: Banks & Intermediaries, we gathered some insights from Dave on what the world of payments could look like, post pandemic.
-
Digital Payments in India: Delving into Diwali Festive Season Spending [Q&A]
Monday, November 30, 2020 Christopher Taine to Consumer PaymentsWhile many retailers around the world have just entered their busiest period of the year – kicking off in earnest with U.S. Thanksgiving and the increasingly global phenomena of Black Friday and Cyber Monday – there are some markets where these busiest of periods have already occurred. An extended China Singles Day raked in roughly $100 billion at the start of November, while India’s festive season, culminating with Diwali in mid-November, was widely expected to witness strong growth of online sales in particular.
-
Reading the Signals Right: Why Network Intelligence Is the Future of Machine Learning for Payments Fraud Prevention
Tuesday, November 03, 2020 Christopher Taine to Fraud ManagementToday’s payments ecosystem is more open and complex than ever. New payment methods and financial products are quick to market, digital personas have become the new consumers and the speed of payments has increased significantly with accelerated digitalization. This means more opportunities for fraudsters. Financial institutions (FIs) must therefore assess risk in real time – and more efficiently than ever – but their heavily invested machine learning (ML) solutions may be challenged with a lack of history from which to learn.
-
Envisioning a Cross-Border, Real-Time Payments Ecosystem in Southeast Asia
Thursday, June 25, 2020 Christopher Taine to Low Value Real Time PaymentsSoutheast Asia is emerging as the center of real-time, cross-border payments growth, with ISO 20022 and QR codes as critical components, according to new research published by ACI and Kapronasia, a leading financial technology market research and consulting firm. Envisioning a pan-regional, real-time payments ecosystem in Southeast Asia sees real-time payments as a key enabler for the Southeast Asian economy, especially as the region pursues economic recovery and further digital transformation on the back of COVID-19.
-
The Power Behind Payments – Is It Time for the ‘Slow Fintech’ Movement?
Tuesday, December 11, 2018 Christopher Taine to Secure eCommerceAccording to a freshly-minted piece of research from the Dutch central bank, choosing card payments over cash is not only convenient, it’s also good for the environment. The study considers everything from the origin of cotton that goes into the production of (Euro) banknotes and the environmental impact of armored vehicles to transport cash, through to the energy usage of POS card payment terminals in standby mode.
-
Preparing for Peak: Tactical Recommendations for Stopping Holiday Season Fraud
Wednesday, October 24, 2018 Christopher Taine to Fraud ManagementBusiness might be booming for eCommerce merchants, who see increases in holiday spending climbing steadily upwards each year, but with fraud growing nearly twice as fast as sales, merchants need to have their fraud strategy fine-tuned to ensure that peak retail season is a success. I spoke to Erika Dietrich, ACI’s Leader of Risk Services, to find out how merchants can best prepare their fraud management strategies for the holiday season, ensuring risk strategies are effective – with low friction for genuine customers and high accuracy in detecting fraud.
-
Choice and Flexibility Help Digital Entertainment Merchants Catch Their Customers
Thursday, June 21, 2018 Christopher Taine to Secure eCommerce, Omni CommerceGaming 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.
-
Beyond the Bargains: How China Singles Day Became Unstoppable
Wednesday, November 15, 2017 Christopher Taine to Secure eCommerceAnother year, another China Singles Day. After the clock struck midnight and November 11th got underway, the records fell fast – and frequently – with sales eventually reaching USD $25.3 billion. This represents a 39% rise over 2016, which was in turn 24.4% higher than 2015. The growth trend is as predictable as it is impressive.
-
Challenges Ahead for U.S. Financial Institutions When It Comes to Real-Time Payments
Thursday, October 05, 2017 Christopher Taine to Low Value Real Time PaymentsPressure is mounting for banks in the U.S., as the move toward real-time represents a true paradigm shift. Customers are looking for the fastest and easiest ways to conduct transactions, and open APIs, RfPs (Requests for Payment) and proxies are presenting additional opportunities for providers to deliver on the promise of real-time. Across the U.S. the competitive bar is rising, largely due to fintechs, and the banking payments marketplace stands to see greater innovation and customer choice.
-
The Growing Strategic Importance of Instant Payments [Webinar]
Monday, September 25, 2017 Christopher Taine to Low Value Real Time PaymentsFinancial 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.