Regulating for Real-Time: The Role of Government in Payments Modernization

Dr. Leo Lipis and Craig Ramsey, Head of Real-Time Payments for ACI Worldwide, continue their discussion on real-time payments and the findings of the new white paper, Get More from Real-Time. 

Issuing and Acquiring in a Real-Time and Open Payments Ecosystem – The Global Picture

Dr Leo Lipis and Craig Ramsey, Head of Real-Time Payments for ACI Worldwide, continue their discussion on real-time payments, stemming from the findings of the new white paper, Get More from Real-Time. See part one.

SWIFT gpi: Leveraging Cross-Border Payments for the Real-Time World

SWIFT gpi represents the evolution of business done over the SWIFT network, bringing correspondent banking into the digital era.

I’ve covered this topic before, but with gpi now reaching the two-year milestone, it’s a good chance to reassess the progress that has been made – and what is needed to drive further adoption.

The Race to Real-Time Payments in Europe

Instant payments have quickly morphed into the new norm, and as individual European nations forge a real-time, digital-first payments environment, they raise the bar for all financial institutions conducting business in the Eurozone. It’s no longer a question of “what’s the business case?” but a matter of how instant payments players can take advantage of the opportunities now being created.

Der Wettlauf um Echtzeitzahlungen in Europa

Echtzeitzahlungen haben sich zur neuen Norm entwickelt. Indem einzelne europäische Länder die Rahmenbedingungen für digitale Echtzeitzahlungen schaffen, setzen sie neue Maßstäbe für alle Finanzinstitute, die Geschäfte in der Eurozone abwickeln. Es geht nicht mehr um die Frage „Was ist das Business Model?“, sondern darum, wie Akteure im Bereich der Echtzeitzahlungen die sich bietenden Geschäftsmöglichkeiten erfolgreich nutzen können.

Monetizing Real-Time and Open Payments – A Global View from Leading Banks

Payments experts from Bank of Montreal, Lloyds Bank and Rabobank lead a discussion on #NewPayments use cases.

During Sibos 2018, I was lucky enough to moderate a panel of payments experts from around the globe, including banking leaders representing three key phases of the real-time evolution; early adoption, go-live and ‘wave 2.’ Here, I’d like to share insights from these experts, outlining the challenges and rewards for banks in the new real-time and open payments ecosystem.

Sibos Preview: The Five Trends Transforming Real-Time Payments

Real-time is now a reality, with more than 30 schemes live around the world. And real-time is in the spotlight as banks and financial service providers make their way to Sydney for Sibos 2018. What better time to look ahead at the key trends that are going to shape the ongoing development of real-time payments.

What's Next for SWIFT gpi and Cross-Border Real-Time Payments?

Recently, I wrote about the potential benefits of SWIFT gpi for banks. Like any technology, the rate of change is accelerating, making it critical that banks keep pace with the market and with their competition. In 2018, as domestic real-time payments schemes reach near-ubiquity thanks to a combination of regulatory and customer demand drivers, we have seen an accelerated parallel trajectory for cross-border real-time gross settlement (RTGS) payments.

Modernizing Cross-Border Transfers with SWIFT gpi

The customer experience for domestic payments – retail and corporate – has recently undergone a complete transformation. There’s still plenty more that could be achieved, but the advent of real-time payments in combination with open APIs has seen the launch of Request for Payment services and direct eCommerce instant payments in the UK and Europe. And it’s not just the PSD2 push in Europe that’s driving change – in the U.S., Zelle is moving beyond standalone P2P payments to become an integrated part of the retail banking app experience, as well as being included in new kinds of corporate disbursements.

Instant + Open Payments = A Winning Combination

I recently joined a panel discussion at EBAday 2018, alongside representatives from across the payments ecosystem, and the clear consensus was that real-time payments will be the new normal. This was evidenced by some of the interactive polls carried out.