Displaying 1 - 10 of 45 Immediate Payments blog posts
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The Business Case for Real-Time Payments in the U.S.
Wednesday, May 02, 2018 Paul Thomalla to Immediate PaymentsReal-time payments has been a hot topic for so long now that rather than asking ourselves ‘what’s the business case,’ we should really be asking how we can jump-start our real-time payments implementations.
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Faster Payments: What can the US and Europe expect?
Wednesday, April 25, 2018 Sandra Horn to Immediate PaymentsNACHA PAYMENTS 2018 is only a week away, and as we eagerly await the conference, we took a moment to sit down with George Evers, senior vice president at VocaLink, a Mastercard company, and an ACI partner, to discuss real-time payments and what the U.S. and EU markets can learn from the UK’s maturing Faster Payments Service (FPS), which launched 10 years ago in May.
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Speed and Data: The Real Value in Real-Time Payments
Monday, April 23, 2018 Sandra Horn to Immediate PaymentsSpeed and Data. These are the foundational elements to create real value in real-time payments. But why are speed and data so important?
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The Next Stage of Real-Time Payments Evolution is Here
Monday, April 16, 2018 Domenico Scaffidi to Payments and Industry Trends, Immediate PaymentsFragmentation resulting from multiple Pan-European Immediate Payments schemes is a challenge, but solutions exist
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The Climate, Weather and Payments – What the Winds Tell Us?
Thursday, April 05, 2018 Mark A. Ranta to Immediate Payments, Payments and Industry TrendsI am sitting in my home watching snow fall, it’s April and I just spent the weekend prepping my yard for the upcoming summer season. To say the weather patterns are odd is an understatement. The global climate is warming as we know. And though you don’t see it on a day to day basis, it seems to hit more regularly than in the past, with freakish events, colds snaps, warm spells and snow storms in April. And on this occasion, it had me thinking about our current environment in payments. We are seeing a fundamental change to our ecosystem with technology advancements like Open APIs, big data, AI and foundational changes like Immediate Payment initiatives and regulatory pushes.
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4 Reasons Why You Must Future Proof Your Technology
Tuesday, March 27, 2018 Paul McMeekin to Immediate Payments, Bill Pay, Payments and Industry TrendsWhat does future proofing your technology mean? In my view, it means preparing your bank to deliver the best customer experience possible--today and tomorrow. Research from Greenwich Associates indicates that the customer experience and ease of doing business are key drivers of loyalty. Extracting value from your technology investments so you can provide a superior customer experience is not only important because of the impact on service, but also on loyalty.
I want to focus on 4 reasons why future proofing your technology is important. These insights are a sneak preview into some of the findings from our upcoming whitepaper produced with Ovum, the annual Global Payment Insight Series.
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Increasing Collections & Satisfaction: Real-Time Payments for Loan Servicing
Thursday, March 15, 2018 Mahala Johnson to Payments and Industry Trends, Immediate PaymentsThe old adage that “cash is king” is precisely that: old. In today’s world, convenience is king and real-time payments deliver it in spades. Consider that convenient ways to pay can reduce late payments by up to 76%, while reducing call center volumes by up to 83%, and it’s no wonder lenders are expanding their offerings over time to include checks, ACH, debit cards and now real-time payments.
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How the Merchant Payment Ecosystem Can Create Value in Instant Payments
Tuesday, February 27, 2018 Dean Wallace to Immediate Payments, Transaction BankingRecently, ACI conducted some research into the appetite to make use of instant payments among corporates. The results were overwhelmingly favorable, but when we think about the benefits of immediate payments for corporates, it does seem obvious that they would want to leverage this new payment type.
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Instant Payments Are at the Heart of the New Global Payments Landscape: 10 Trends to Watch in 2018
Friday, February 16, 2018 Barry Kislingbury to Immediate Payments, Payments and Industry Trends2017 was a big year for immediate payments: European Banking Association, Real-Time 1 (EBA RT1) SEPA Credit Transfer Instant, The Clearing House (TCH) Real-Time Payments in the U.S., and the Australian New Payments Platform (NPP) schemes, all either going live, or in the case of Australia, about to go live. These schemes enable real-time payment transfers across the United States, 34 European countries and Australia, with the potential to reach nearly another 1 billion people. This comes on top of the existing live schemes in the UK, China and India, so that over half of the global population now can access real-time payments solutions.
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Real-Time Payments Will be Europe’s Most Dominant Payments System – Are You Ready to Realize the Full Value?
Monday, February 12, 2018 Domenico Scaffidi to Immediate Payments, Transaction BankingSince the launch of the SCT Inst rulebook in November 2017, many more banks are live and offering real-time payments to their customers, with most of the rest committed to 2018. The buzzword at the recent ECB #TIPSapp Event in Frankfurt was ‘Interoperability,’ or as my friend José Beltrán from STET would say, ‘Reachability.’ No-one expressed this more clearly on February 6th than Javier Santamaria, President of the European Payments Council, when he reiterated his message from Il Salone Dei Pagamenti, the day after the SEPA launch; "We have launched the Pan-EU scheme, now it is up to you in the audience and beyond to take advantage of it and make it work."