Displaying 21 - 30 of 214 Payments and Industry Trends blog posts
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2020 Fraud Predictions: What to Expect Across the Globe as Cybercrime Evolves
Wednesday, November 06, 2019 Nidhi (Mathson) Alberti to Payments and Industry Trends, Fraud ManagementOur payment experts take stock of the trends that shaped 2019 and make their predictions for where they see the industry heading in 2020.
I sat down with our own fraud experts, Marc Trepanier, principal fraud consultant for North America, and Giselle Lindley, principal fraud consultant for APAC, to get their thoughts on what we can expect in the year ahead around payments fraud.
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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, Low Value Real Time PaymentsThe 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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Deep Dive: Latin American Fintech Market (Part 2)
Monday, October 28, 2019 Luis Bastidas to Payments and Industry Trends, Consumer PaymentsTo support fintechs’ development and create a more inclusive financial system, governments across the Latin American region should adopt different regulations. Some good practices implemented in other countries, like the U.K. or Singapore, could also be adopted in Latin America, such as temporary exemptions on fintech authorizations on behalf of regulating entities, or the creation of temporary regulation sandboxes in which fintechs can operate, evaluate their business models and offer their innovative products in supervised environments.
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Women in Payments: “Make Failure Your Fuel”
Friday, October 25, 2019 Nidhi (Mathson) Alberti to Payments and Industry TrendsACI’s Darcy Locke, new business development principal, was recently appointed Chair of the American Financial Services Association (AFSA), Business Partner Board. During her two-year term, Darcy will preside over the AFSA Business Partner Board meetings, and concurrently serve as a member of the AFSA Board of Directors and Chair of the AFSA Business Partner Task Force.
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Deep Dive: Latin American Fintech Market (Part 1)
Tuesday, October 22, 2019 Luis Bastidas to Payments and Industry Trends, Consumer PaymentsThere is a gap between what financial institutions currently offer versus what today´s customers want in Latin America, and this is where fintechs are earning a reputation for customer-centricity, personalization, quick response and seamless delivery. The relationship between fintechs and traditional financial institutions in Latin America has evolved from competition to collaboration, with the aim of efficiently working together and effectively scaling innovation, while also driving financial inclusion for the underbanked.
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From API to AI to I: Banking Tech Gets Personal
Monday, October 21, 2019 Lu Zurawski to Payments and Industry Trends, Consumer Payments, High Value Real Time PaymentsTired feet. Running out of business cards. Countless LinkedIn connections – sound familiar? This time of the year is conference season; the annual SIBOS (SWIFT) and Money20/20 USA gatherings spanning the autumn give attendees plenty of hot topics and talking points. My American colleagues refer to this season as “the fall.” I trust this to be an observation on leaves and fruit rather than a sequitur on the state of the fintech industry. Either way, it’s a good time to harvest, to take stock and to work out what we should be doing with the apparent abundance of innovative produce.
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India’s Unified Payments Interface: Breaking the Billion Barrier
Tuesday, October 15, 2019 Somya Patnaik to Low Value Real Time Payments, Payments and Industry TrendsSeptember 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, Low Value Real Time PaymentsThe 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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A Deep Dive into the Payment Tendencies in the Mexican Market (Part 2)
Wednesday, September 25, 2019 Eduardo Avalos Maldonado to Consumer Payments, Payments and Industry TrendsWhile the sheer volume and age of potential shoppers makes México an attractive market, there is another component to the viability of eCommerce: México is mobile. A recent study performed by the Asociación de Internet.mx, shows that México is one of 22 countries leading the trend toward mobile commerce, with young adults making 88 percent of smartphone purchases. The country has one of the largest mobile markets in Latin America, with one-third of all residents using smartphones.
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A Deep Dive into the Payment Tendencies in the Mexican Market (Part 1)
Tuesday, September 24, 2019 Eduardo Avalos Maldonado to Consumer Payments, Payments and Industry TrendsThe population of México is the second largest in Latin America, with 122 million residents, 39 percent of whom are considered middle-class. The population is relatively young, with an average age of just 27, and one-third estimated to be millennials, which is often a factor in driving the popularity of eCommerce. Last year, 56 million people accessed the internet in México, though despite the high number of internet and mobile phone users in the country, nearly two-thirds of the population do not have bank accounts (source: Banco de Mexico).