Displaying 41 - 50 of 164 Payments and Industry Trends blog posts
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Security, the New Payments Ecosystem and the Need to Educate the Consumer (Or Ask Them to Unclog Your Sewer!)
Friday, September 29, 2017 Mark A. Ranta to Payments and Industry Trends, Retail PaymentsWhen it comes to any payments ecosystem, you must remember that we are talking about MONEY. More importantly, people’s money (like yours and mine). In any conversation in this space, secure is something that is assumed. A consumer simply won’t use a new system if they don’t believe it is secure. Unless of course it’s free Wi-Fi. As we have seen, folks are willing to do almost anything to get free access on their devices, even agreeing to clean toilets! (This was a real thing… one hotspot operator added it to their Terms of Service fine print). When we talk secure, it’s important that we keep this in mind: secure is not just a piece of the Hierarchy of Payment Needs, it’s an integral part of it, which is why it sits directly on top of the foundations. Without this layer, the whole ecosystem collapses.
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Zelle’s Secret to Successful Immediate Payments Adoption
Friday, September 15, 2017 Sandra Horn to Payments and Industry Trends, Immediate PaymentsAs Zelle launches its standalone app, it is already very well positioned to be successful in the P2P space. The network dominates access to U.S. bank accounts and is gaining new customers at a speedy pace of 50,000 per day[ 1 ].
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How to Deliver on Customer Experience in a Digital Payments Era
Tuesday, September 12, 2017 Silvia Mensdorff-Pouilly to Retail Payments, Payments and Industry TrendsDon’t Break the Bank – Building for the New Payments Ecosystem.
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Contactless Turns Ten: The Shift to Contactless Universal Payments is Now Well Established
Tuesday, September 12, 2017 Lu Zurawski to Merchant Retail, Payments and Industry TrendsIn September 2007, Barclaycard first introduced contactless payments to the UK. Ten years on, and many Brits would no longer want to live without a contactless card in their wallet. In fact, six out of ten Brits now pay with "touch and go," and according to the UK Cards Association 108 million contactless cards are in circulation in the UK, with volumes of transactions currently reaching £400 million per month.
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How to Protect the Foundations of Transaction Banking Against Disruption in The New Payments Ecosystem
Tuesday, September 12, 2017 Craig Ramsey to Retail Payments, Payments and Industry TrendsScalable, Available, Reliable – #SleepAtNightability for Corporate Banking
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Cómo los Ponibles están cambiando los pagos en Colombia [How Wearables Are Changing Payments in Colombia]
Tuesday, September 05, 2017 Mariana Posada to Payments and Industry TrendsAvailable in Spanish and English
Thanks to the payment industry’s ongoing digital transformation and countless innovations adopted by banks, fintechs and retailers, it is now possible to make payments via bracelets, rings, watches, and even jackets—these are called Ponibles in Colombia. You know them as ‘Wearables.’
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Pairing Payments Innovation with Security Needs in Southeast Asia
Wednesday, August 30, 2017 Leslie Choo to Payments and Industry Trends, Retail PaymentsMany Asian governments – most notably those of Singapore and Hong Kong – have launched well-received initiatives to encourage collaboration rather than competition between the fintech start-up world and banks. This has enabled traditional banks to tap into the innovative solutions that fintechs offer, while the banks themselves bring to the table considerable experience with data, resilience, reliability and customer protection.
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Getting a Gauge on Payment App Season
Monday, August 28, 2017 Dan Ring to Payments and Industry TrendsDear Mark, this is a 100% true story (and a solid ‘Ranting’ to boot). As you know, I just returned from a lovely and relaxing vacation (or as our European colleagues call it, holiday). And as I got into my car this morning—for the first time in more than a week—I realized the gas tank was near-empty and that my low-tire indicator light was on… and I needed to get my daughter to camp en route to coming into the office.
You’d think this a minor inconvenience, right? Well…
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API Stairway: The Five Steps to Open Payments
Wednesday, August 23, 2017 Mark A. Ranta to Payments and Industry TrendsIn my pre-EBAday rantings, I discussed Open APIs in the context of one of the greatest rock songs of all time (Stairway to Heaven, for the uninitiated). Waxing poetic about a topic is one thing, but marrying it to concrete steps is another. So, while our Stairway to Open API utopia was a nice background, it’s time to talk about the flights of stairs we’ll have to take to arrive at those pearly entry gates.
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PSD2 Carries Over to the U.S. – Via the Phone in Your Hand
Wednesday, August 16, 2017 Seth Ruden to Payments and Industry Trends, Payments Risk ManagementLet me ask you a favor. Could you put down your phone for just a minute? Unless, of course, you’re reading this on your mobile device.
It can be an uphill battle asking someone to put down their phone these days. I have a tween, so I know the struggle! One of the reasons we’re so reticent to do so is the sheer power contained within these devices. At this point, it controls the music, the temperature, the locks and even the lighting in your home, and that’s not even touching on its entertainment value, or its capabilities as a payment device. The device, in its present form, has been around for ten years now, and in 2017, it’s safe to say there’s no going back.