Displaying 1 - 10 of 107 Immediate Payments blog posts
-
Brazil’s Digital Payments Transformation: Five Key Takeaways
Monday, August 10, 2020 Vlademir Santos to Payments and Industry Trends, Immediate PaymentsBrazil has abundant growth opportunity when it comes to digital payments, with PIX – the Central Bank of Brazil’s new instant payments system – expected to have a significant impact. This was evident during a recent webinar Digital Transformation into Payments, hosted by Mercado & Consumo em Alerta and featuring experts from Getnet, Pernambucanas, Conductor and ACI.
-
Southeast Asia’s Domestic Payments Infrastructure Has Laid the Foundation for a Cross-Border Real-Time Network
Thursday, August 06, 2020 Leslie Choo to Immediate PaymentsOver the past decade, economies across Asia have been on the path to payments modernization, upgrading and replacing domestic payments infrastructure to make payments cheaper, faster and better. While the focus has been on domestic gains, this has set the foundation for a broader, cross-border real-time network – especially in Southeast Asia.
-
Could the Right Use Case Push the U.S. Over the Edge of Real-Time Payments Adoption?
Monday, July 27, 2020 Bridget Hall to Immediate PaymentsNew York City, while a world leader in countless ways, has only just made it possible to access the subway with contactless technology. Something a commuter in London, for example, has taken for granted for many years. While America’s tech companies, manufacturers and retailers have been constantly modernizing, the country’s payment methods and habits lag behind much of the rest of the world.
-
Why the COVID-19 Pandemic Makes Immediate Payments Growth Mission Critical
Thursday, July 23, 2020 Ruth Fornell to Immediate PaymentsCOVID-19 continues to shake the world, and the payments industry is playing a critical role in the response to, and recovery from, this pandemic. There has been a shift in preferred payment methods as many consumers seek to avoid cash and embrace modern, digital payments.
-
Payments Modernization and Cross-Border Payment Corridors: How Nordics’ P27 Is Leading the Pack
Wednesday, July 15, 2020 John Ballantyne to Immediate PaymentsThe understandably large level of attention generated by the Nordic region’s P27 initiative is the antithesis of its relatively small place on the global map. Much of that is down to the impressive scope of its ambition: to build the world’s most cutting-edge, cross-border payments system, encompassing multiple currencies and payment types (including real-time), plus building out the services to sit on top of the rails, which will drive further value.
-
How Does Brazil Measure Up Against the 5 Key Indicators of Real-time Payments Success?
Thursday, July 09, 2020 Vlademir Santos to Immediate PaymentsReal-time payments, or immediate payments, have experienced explosive adoption in many markets around the world. While some have developed their own approach to deploying real-time payments, the COVID-19 pandemic has served as an accelerant in the implementation of real-time payments and digital modernization. With real-time payments volumes now increasing in some markets due to the pandemic, it’s important to look at how Brazil measures up against these 5 key indicators of successful implementations and to understand how the country can drive adoption of its new real-time system, PIX.
-
Why the Value of Real-Time Payments is Not in the Fees Charged
Monday, June 29, 2020 Bridget Hall to Immediate PaymentsI recently hosted a webinar with payments experts to delve into ACI’s Prime Time for Real-Time research and uncover what the rise in global transactions means for the U.S. market. I was joined by Steve Ledford, product executive for the RTP Network of The Clearing House, Reed Luhtanen, executive director of the U.S. Faster Payments Council, and Peter Hazou, director of solutions for Financial Services at Microsoft. We investigated the unique factors that have so far hindered ubiquitous adoption of real-time payments in the U.S., as well as those that highlight the market’s position to capitalize on the global rise of real-time, and deliver value to financial institutions, merchants, corporates and consumers.
-
Envisioning a Cross-Border, Real-Time Payments Ecosystem in Southeast Asia
Thursday, June 25, 2020 Christopher Taine to Immediate 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.
-
Three Must-Haves for Immediate Payments Success in Brazil
Thursday, June 18, 2020 Vlademir Santos to Immediate PaymentsRecently, the Central Bank of Brazil (BCB) announced its plan to launch the country’s first instant payments scheme, PIX, which is expected to be operational by November 2020. PIX will be mandatory for all larger banks in Brazil and will work as a central infrastructure with non-stop availability. The scheme will also be based on the ISO 20022 messaging standard, which features data-rich messaging and facilitates greater availability, speed, convenience and security. Ultimately, this open environment will be a major catalyst for innovation.
-
COVID-19 Crisis Will Accelerate Launch of New Digital Payment Services Underpinned by Real-Time Payments
Wednesday, June 10, 2020 Katrin Boettger to Immediate Payments, Payments and Industry TrendsThe COVID-19 crisis, and the fact that many millions have been self-quarantining at home, contributed to a spike in eCommerce growth in sectors such as retail and gaming and changing payment behaviors. Katrin Boettger spoke to Adam Needel, principal solution leadership manager —real-time payments, to discuss the impact the crisis may have on the future of digital and real-time payments.