Displaying 1 - 10 of 61 Immediate Payments blog posts
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Local Perspectives: Real-Time Realities Across Asia-Pacific in 2019
Monday, March 18, 2019 Rachel Hunt to Immediate Payments, Payments and Industry TrendsMoney20/20 Asia returns to Singapore this week, attracting payments professionals from around the vast APAC region – and beyond. The real-time and open imperative is one of the reasons why all eyes are on Asia-Pacific when it comes to payments, so I caught up with ACI payments experts representing three of the key countries within the region, to take the pulse of real-time schemes that are in varying stages of maturity.
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What it Means for a Bank to be Real-Time Ready – It’s More Than Just Payments
Tuesday, March 12, 2019 Lu Zurawski to Immediate PaymentsBanks are quickly learning that real-time enablement of the business is more than just a technological upgrade – there is a wider challenge of transforming services and customer experience. Although the banking world faces this challenge with some trepidation, there are success stories from other industries that have overcome legacy technologies and transformed frustrating and opaque customer experiences.
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Instant and Open Payments for Consumer Purchases – Lessons Learned From India and Beyond
Tuesday, March 12, 2019 Dean Wallace to Immediate PaymentsDid you know that 65% of merchants want to accept instant payments? That’s because they know the customer experience (CX) benefits will drive growth for their business, and they recognize that this payment type will save their business money.
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Putting Malaysia on the Path to Payments Innovation
Wednesday, February 27, 2019 Leslie Choo to Payments and Industry Trends, Immediate PaymentsThe public launch of the DuitNow instant credit transfer service, in December 2018, provides just a taste of what lies ahead as Malaysia’s Real-time Retail Payments Platform (RPP) is progressively rolled out. Fueled by Bank Negara’s (BNM) increasing support for e-payment platform development, there has been a steady increase in mobile wallet and digital payment usage, setting the stage for 2019 to be a year of transformation for the payments industry in Malaysia.
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The Potential of 'Request to Pay' to Revolutionize Payments
Tuesday, February 12, 2019 Dean Wallace to Immediate PaymentsHow often have you been in a situation where you realize in the middle of the month that you’re late paying an important bill? And then hit with a wave of dread as you check your bank account with trepidation to see if you can pay? Many of us are lucky to not be in that situation regularly, but most of us have been there at some point, and likely know others who are regularly confronted by this situation.
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Monetizing Real-Time and Open Payments – A Global View from Leading Banks
Monday, December 17, 2018 Craig Ramsey to Immediate Payments, Payments and Industry TrendsPayments 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.
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All I Want For Christmas (Or Any Holiday) Is… Instant Payments Gratification
Friday, December 14, 2018 Dan Ring to Payments and Industry Trends, Immediate PaymentsMark, some of us are fast approaching the end of the holiday shopping season, some of us are fast approaching that time of year when we consume too much egg nog, and some of us are fast approaching too many viewings of Die Hard or It’s a Wonderful Life or Love Actually or Christmas in Connecticut (I’ve disclosed too much about myself). To segue slightly more than slightly, I was at Target over the weekend, braving the holiday shopping crowds, to buy toilet paper, paper towels and tissues… and I took advantage of the 5% off that I get from using my Red Card. I surveyed the throngs of other consumers in the nearby checkout lines and not once did I see another store card. During this, the biggest shopping season of the year, why wouldn’t consumers use loyalty/rewards cards when making purchases?
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Instant Payments in Italy – And Beyond: Lessons from Il Salone Dei Pagamenti
Wednesday, December 12, 2018 Giorgio Tidu to Transaction Banking, Retail Payments, Immediate PaymentsACI was invited back to Il Salone dei Pagamenti – Italy’s premier payments event organized by the Italian Banking Association (ABI) – to participate in a panel, “SEPA Inst – the Future.” As expected, the session was packed with stats and advice for a more efficient roll out of instant payments – in Italy and beyond.
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Request for Pay – What Does It Mean For Financial Institutions?
Wednesday, October 17, 2018 Paul McMeekin to Immediate Payments, Retail PaymentsWhat do banks – one with $60B+ in assets, one a mid-size regional bank, and one, a small innovative credit union – have in common with payment networks and the ‘Big 4’ consulting firms? They were all part of the first ACI #PaymentsForBreakfast event in North America! The theme was real-time payments, but the focus was more specifically on Request for Pay.
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Why Open Banking Might Need to Rely on a Magic Illusion of 24x7 Availability
Tuesday, October 16, 2018 Lu Zurawski to Immediate Payments, Retail PaymentsThe adage “the more things change, the more they stay the same” appears to ring true when applied to the early phases of the evolution of open banking (or open payments). Especially when you contrast it with the early days of ATM withdrawals; particularly those made in the dead of night so you could pay cash for your after-party greasy feast.