Displaying 1 - 10 of 83 Immediate Payments blog posts

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  Nordic’s P27 Powers Ahead with Cross-Border Payments

  Tuesday, January 14, 2020 John Ballantyne to Immediate Payments

  P27 continues its accelerated journey to cross-border payments in the Nordic region, with an ambitious project scope and timeline. For banks, processors et al, this poses questions of prioritization. Payments players must identify their most pressing business needs, and what can be achieved with their current stack.

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  How India is Tackling the Challenges of Digital Payments Growth

  Monday, December 23, 2019 Kaushik Roy to Immediate Payments, Retail Payments

  India’s massive transformation from a cash-based society to a cashless society is underscored by the rise in fintech adoption and the growth of the Unified Payments Interface (UPI) platform, which is now processing more than one billion transactions each month.

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  What’s Next for Nordic Payments? P27 and the Rise of Real-Time and Cross-Border

  Tuesday, November 19, 2019 Peter Larsson to Immediate Payments

  The Nordic region has long been considered a pioneer of digital payments, with some of the lowest cash usage levels in Europe; however, the impact on cross-border payments has been limited when compared to progress on the domestic front. And this is a crucial area to address for a region with large volumes of trade and tourism between neighbors, as evidenced by the fact that 18,000 Swedish workers commute to Denmark on a daily basis. Not surprisingly, improving the cross-border payments experience and efficiency is a high priority.

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  Digital Overlay Services Unlock the Value of Real-Time Payments

  Tuesday, November 12, 2019 Craig Ramsey to Immediate Payments

  The global payments industry continues to drive toward true real-time, with the potential opportunity for corporate banking often cited as the most lucrative.

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  Real-Time Payments Hits its Stride in the U.S.

  Tuesday, November 05, 2019 Bridget Hall to Payments and Industry Trends, Immediate Payments

  The recent announcement of FedNow in the U.S., the launch of cross-border services like SWIFT gpi, and multiple real-time payment systems including The Clearing House’s (TCH) RTP system and Zelle underline the fact that real-time payments are here to stay. The need to deliver real-time payment services to customers has never been more pressing for banks, credit unions, processors, acquirers and fintechs. However, the U.S. payments ecosystem – and its infrastructure – must keep pace with global markets to remain competitive, and interoperability between real-time payment systems will be key.

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  How Do You Drive Full Value from SWIFT gpi?

  Friday, October 18, 2019 Zhenya Winter to Transaction Banking, Immediate Payments

  As part of SWIFT and ACI Worldwide’s joint mission to accelerate adoption of SWIFT gpi, ACI’s SWIFT gpi global marketing lead Zhenya Winter spoke with Daniel Lynch, Data Analytics and Payments Innovation Lead at SWIFT, and ACI’s Global Head of Real-Time Payments, Craig Ramsey, about some of the key questions raised by attendees of our second Global Webinar: Drive Full Value from SWIFT gpi. The relevancy of these was reinforced at Sibos 2019, the SWIFT community’s annual conference, which recently took place in London.

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  India’s Unified Payments Interface: Breaking the Billion Barrier

  Tuesday, October 15, 2019 Somya Patnaik to Immediate Payments, Payments and Industry Trends

  September brought about quite a stir in the Indian payments ecosystem, with three years passing since the launch of UPI (Unified Payments Interface), and the realization that UPI is closing in on a significant milestone: one billion transactions per month. In September 2019, UPI clocked 955 million transactions, amounting to 1.61 trillion rupees (INR), demonstrating the extent to which Indian consumers have exuberantly welcomed real-time payments.

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  The Need for Financial Inclusion in Developing Countries

  Monday, October 14, 2019 Juan Beck to Payments and Industry Trends, Immediate Payments

  The payments ecosystem globally is changing – and the idea of financial inclusion is increasingly featuring as part of long-term strategy. At a glance, financial inclusion means that people and businesses have access to important financial products, services and data, such as transactions, credit cards, payments, savings and insurance, and that these are delivered in a sustainable way. The challenge for banks lies in being more inclusive and meeting social needs, while remaining profitable and increasing market share.

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  How to Maximize the Value of Partnerships Between Fintechs and FIs

  Friday, September 27, 2019 Karen Arroyo Moguel to Immediate Payments, Bill Pay, eCommerce, Merchant Retail, Retail Payments, Transaction Banking

  The LATAM Open Banking & Fintech Partnership, organized by Connect Global Group, was held earlier this year in Mexico City, and ACI participated as one of the forum partners driving discussions on how to maximize value from collaborative partnerships between FIs and Fintechs. We explored the invaluable benefits of open API and strategies to differentiate the offerings of FIs and Fintechs, address consumer demands, and best practices for implementation aligned to regulatory requirements.

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  Universal Confirmations: Get Ready for 2020

  Thursday, September 19, 2019 Zhenya Winter to Immediate Payments

  With the arrival of universal confirmations, we sit down with some industry experts to find out more about what impact this will have on transforming cross-border payments. We’re welcomed by Fabien Depasse - Head of SWIFT gpi Customer Success at SWIFT and Craig Ramsey - Head of Real-Time Payments at ACI Worldwide.