Displaying 1 - 10 of 49 Immediate Payments blog posts
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Time is Money: A Millennial View of UK Faster Payments’ 10th Anniversary
Monday, July 09, 2018 Ciaran Chu to Immediate PaymentsAs a millennial, I’ve often been the butt of jokes of those a little bit older than I am (whether colleagues or my own family). One of the clichés perpetuated is that we are constantly glued to our smartphones: In a way that’s correct, but misses an important point. As a young millennial professional, the most important thing to me is TIME. And that’s the reason my phone plays a crucial role in my life – much to the annoyance of my girlfriend and family. It means I can do things on the move, which in turn makes my life a whole lot easier.
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Instant + Open Payments = A Winning Combination
Wednesday, June 27, 2018 Craig Ramsey to Immediate Payments, Transaction BankingI recently joined a panel discussion at EBAday 2018, alongside representatives from across the payments ecosystem, and the clear consensus was that real-time payments will be the new normal. This was evidenced by some of the interactive polls carried out.
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Consumer Payments: Will ‘Request for Payment’ Be the Next 'Big Thing'?
Thursday, June 14, 2018 Dean Wallace to Immediate Payments, Payments and Industry TrendsThis week, NatWest announced that it has teamed up with British mobile phone retailer Carphone Warehouse to trial a new online shopping system that lets customers pay directly through their bank account, without using a debit or credit card.
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What Rihanna Can Teach Us About a Decade of UK Faster Payments
Tuesday, May 29, 2018 Lu Zurawski to Immediate PaymentsThe end of this month marks 10 years since Rihanna’s single, Take a Bow, reached number 1 in the UK singles charts.
Although I know a little about Barbados, I am only an amateur student of the popular Bajan singer’s lyrics. But I cannot help feeling her song reads like a commentary of the cataclysmic world of banking in 2008; “That was quite a show, but now it’s time to go,” and “You look so dumb trying to apologize… I know you’re only sorry you got caught,” or “it’s over now, go on take a bow.”
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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.