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Displaying 31 - 40 of 134 payments_and_industry_trends blog posts

  • payments transformation

    Regulating the Payments Ecosystem Transformation

    Friday, June 23, 2017

    New banks, new payments players, new choice. The competition is heating up in payments, with both incumbents and those new to the scene, vying to emerge victorious.

  • Payments Buzzword Bingo

    Payments Buzzwords Bingo: Mid-Year Report Card

    Wednesday, June 14, 2017

    Summer is in the air (and it’s 95 degrees this week!!). As we move properly into ‘flip-flops and shorts’ season in the North East, it’s about that time to check in on our annual calls from the New Year (and begin to look forward to counting down to the next set of predictions). Hard to believe that 2017’s Christmas is now closer than 2016’s, but so goes time, and nobody can slow that down. So without further ado I give to you… the mid-year trends update!

  • Millennials influence on payments

    Addressing Millennials and Their Influence within the Payments Industry

    Tuesday, June 13, 2017

    Generational changes are a reality that affect all of us, and bring with them variations in behavior. We are currently experiencing one of these generational changes, which has also brought with it challenges for the payments industry. The nearly 2 billion millennials that now inhabit the earth have entered into adulthood (in some respects at least) and will soon become the generation with the greatest purchasing power.

  • A new role for the ATM in the payments ecosystem?

    The ATM Turns 50: Does Retirement Beckon? Or Does A New Role in the Payments Ecosystem Await?

    Wednesday, June 07, 2017

    This year marks the 50th birthday of the Automated Teller Machine (ATM), with the first one installed in London on June 27, 1967. Five decades on, and there are more than 3 million ATMs deployed worldwide, with the ATM Industry Association (ATMIA) citing research that calculated that a new ATM is added to the global installed base every three minutes. I spoke with Andy McDonald, vice president of Merchant Payments at ACI Worldwide, who has more than 20 years’ experience in the payments industry, much of it focused on ATMs. Who better to provide insight into whether ATMs have a well-earned retirement awaiting, or if we’ll still be using them (in one form or another) in 50 years’ time?

  • Top 3 Things Students Want When Paying Tuition

    Top 3 Things Students Want When Paying Tuition

    Monday, June 05, 2017

    I know the pain that Finance VPs in higher education experience. It seems like every day that someone comes to you saying “Our students need new technology. Can we squeeze it into the budget?” I own the P&L, so I get it. 

    Did you know that your university payment systems can take away some of your pain? Meeting new demands from students and parents will actually save you money. How? We sponsored a revealing survey with Aite Group that explains the potential savings.

  • Are Open APIs the Stairway to the New Payments Ecosystem?

    Are Open APIs the Stairway to the New Payments Ecosystem?

    Thursday, June 01, 2017

    Losing yourself in music is something that everyone should do at least once a day. The freedoms that it affords one’s mind cannot be understated. In my eclectic (and eternal) playlist, there is one song that has likely been played at least twice as much as any other (and to be fair, it likely has the same global play counts); Stairway to Heaven by Led Zeppelin, an epic song that helped define the band to generations. But it was this past week when listening to the song when my mind was turning over thoughts on banking, and a line jumped out at me with new meaning; “There’s a feeling I get, when I look to the west…” While Jimmy and Robert were musing over much larger questions about life and death, my current journey had me subconsciously thinking about banking. 

  • Are banks missing a trick?

    SMEs Expect Instant Payments: How Do Banks Meet This Challenge?

    Tuesday, May 30, 2017

    Listening to their customers and delivering new services will be crucial for the success of real-time banking and payments in Europe and the US

  • 750x500 How mCommerce and eCommerce Are Shaping the Infomercial

    How mCommerce and eCommerce Are Shaping the Infomercial (Cash, check or money order?)

    Thursday, May 25, 2017

    If you enjoy watching infomercials as much as we do, you’re likely familiar with the payment option that closes out these delightful paid programs...which brings us to another edition of Rantings, focused on Payment Habits. And after all, who hasn’t purchased a ShamWow!? Mark, we’re approaching the unofficial start of summer (editor’s note: there’s likely a future post on summer holiday purchases) and even though there’s no correlation between vacations and COD (cash on demand)—at least I don’t think there’s one—it at least provides an awkward segue into Payment Habits.

  • Real time payments will be a catalyst for change in Italy

    Real-Time Payments Will Be a Catalyst for Change in Italy

    Monday, May 22, 2017

    2017 will be a crucial year for real-time payments globally. Two major schemes are set to go live: The pan-European SEPA Instant Credit Transfer Scheme (SCT Inst), which will eventually enable consumers and businesses to make euro credit transfers in real-time between accounts 34 European countries, and The Clearing House (TCH) Real-time Payments System in the US. In addition, a number of new regional schemes are in the pipeline, so banks have their work cut out for them.

  • Identifying Distributed Ledger Use Cases

    Blockchain - Identifying Distributed Ledger Use Cases

    Thursday, May 18, 2017

    While news of blockchain or ‘distributed ledger’ technology developments seems to be everywhere these days, large scale enterprises have been slow to adopt what promises to be a disruptive technology that will likely impact many industries. One reason for the delay is the current inability of the technology to address high-volume/high-speed applications like stock trading—a situation which experts say is rapidly changing. However, there are other applications that are suitable today.