Displaying 1 - 10 of 73 Immediate Payments blog posts

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  How to be a Payments Trailblazer – The Seven Habits of Highly Innovative Organizations

  Monday, September 09, 2019 Michael Grillo to Immediate Payments, Bill Pay, eCommerce, Merchant Retail, Retail Payments, Transaction Banking

  The new Culture of Innovation Index from Ovum and ACI identified segments—from banks to intermediaries to merchants to corporates—at the cutting edge (of innovation) across the payments ecosystem. But what is most notable about those segments that have reached ‘trailblazing’ status is the apparent lack of commonality between them. No one segment, nor one region fosters better innovation. In fact, what’s driving these segments/organizations to be best of breed is their own culture of excellence. The only thing they have in common is their attitude.

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  How will SWIFT gpi Impact Latin America?

  Thursday, September 05, 2019 Leonardo Amortegui to Immediate Payments

  As the world continues to transition toward real-time, and technology continues to evolve, new challengers are disrupting the market with value propositions including real-time cross- border payments. The competition has inspired SWIFT to work with the industry and challengers to create the Global Payments Innovation (GPI) program, which radically changes the way banks interact with their correspondents and offers improved transparency and customer service to their customers.

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  The Middle Eastern payments revolution: Getting Real-Time Ready

  Monday, August 19, 2019 Craig Ramsey to Immediate Payments

  The Middle East is developing quickly and considerably. The population has surpassed 410 million and a number of nations, such as Saudi Arabia and the United Arab Emirates (UAE), represent some of the world's most innovative economies. The region has become synonymous with the rise of large infrastructure developments and technological innovation, while tourism continues to grow - 1.4 billion people visited in 2018 alone.

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  Why India’s Payments Players Need to Fight Fraud with Machine Learning

  Thursday, August 01, 2019 Rachael Tomaney to Payments Risk Management, Immediate Payments

  By 2023, experts are predicting 60 billion UPI (Unified Payments Interface) transactions annually, accounting for more than 50 percent of India’s total digital payments transactions. And it’s estimated that today nearly 50 percent of all real-time payment (RTP) transactions globally are processed in India. It’s an exciting market for payments innovation, with a wide range of digital overlay services available to consumers and merchants, thanks to the introduction of UPI.

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  The Untapped Opportunity of Machine Learning for Real-Time Payments Fraud Prevention

  Wednesday, July 24, 2019 Rachael Tomaney to Payments Risk Management, Immediate Payments

  Artificial Intelligence (AI) is among the buzzwords of the moment, but when it comes to tangible innovations that have the potential to drive rapid ROI, machine learning should be part of every bank or processor’s strategy. No matter the size of the institution.

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  European Banks Have the Right Tools to Stay Ahead – But Will Big Tech Overtake?

  Monday, July 15, 2019 Dean Wallace to Immediate Payments

  Open banking and immediate payments have come a long way, according to the panelists who joined me during the ‘Open Banking in an Instant World’ session at EBAday in Stockholm recently. The building blocks are now falling into place through the introduction of national and regional schemes, open banking initiatives, regulations such as PSD2 and the acceptance and use of APIs.

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  How UPI is Driving India’s Shift from Cash to Digital Payments

  Wednesday, July 03, 2019 Somya Patnaik to Immediate Payments, Payments and Industry Trends

  The Indian economy has traditionally been heavily dominated by cash, while experiencing low adoption of various online payment systems including National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS) and inter-bank mobile payments. The dominance of cash is evidenced by the ratio of cash withdrawals at ATMs vs debit card usage at Point of Sale (POS)—ATM transaction volume is more than 2x greater than POS.

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

  Monday, May 20, 2019 Craig Ramsey to Retail Payments, Immediate Payments

  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. 

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

  Monday, May 13, 2019 Craig Ramsey to Retail Payments, Immediate Payments

  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.

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  Get More From Real-Time Payments – Where and How Banks are Growing Revenues

  Monday, April 15, 2019 Rachael Tomaney to Immediate Payments

  In the wake of the release of the new white paper, Get More from Real-Time Payments, we talk to its author – Dr. Leo Lipis – and ACI’s own Head of Real-Time Payments, Craig Ramsey.