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Displaying 51 - 60 of 134 payments_and_industry_trends blog posts

  • The Constant of Change and the Future of Commercial Banking

    The Constant of Change and the Future of Commercial Banking

    Thursday, April 20, 2017

    Let’s clarify this before I lose anyone; the self-proclaimed “pioneer of wisdom,” noted Greek philosopher Heraclitus, is credited with the saying Panta rhei, "everything flows." More commonly, you have probably heard this as “the only constant is change,” but either way, this teaching has withstood the test of time, as it is not only applicable, but feels like a worldly truth when I find myself talking about today’s transaction banking landscape. A robust time of change is upon us; one that has brought us to the precipice of a new era in banking. Understanding the driving forces behind this change as well as embracing new business models will be a key to success, or even to survival.

  • Is There A Blockchain In Your Future?

    Is There A Blockchain In Your Future?

    Tuesday, April 18, 2017

    Marc Andressen, noted Internet entrepreneur and venture capitalist who co-authored the first web browser, called blockchain the most important invention since the Internet. An executive at BNP Paribas compared the technology to the steam or combustion engine in its potential to transform the world of finance and beyond. The Economist dubbed it “The Trust Machine.” 

  • Real-Time Payments and The Evolution of Debit

    Real-Time Payments and The Evolution of Debit

    Monday, April 17, 2017

    As the NACHA PAYMENTS conference kicks off next week, we connected with Sarah Grotta, Director of Debit Advisory Service with the Mercator Advisory Group about a variety of timely issues that have the payments industry buzzing. Sarah shared her thoughts on real-time payments and Same Day ACH, credit-push transactions—and when consumers will finally adopt digital wallets.

  • Are You Falling Behind in the Race to Real-Time?

    Are You Falling Behind in the Race to Real-Time? How to Build Your Business Case for Immediate Payments

    Thursday, April 13, 2017

    We’re beginning to see a divide in the payments industry, not just between incumbents and new players, but a sub-divide between banks themselves. Some traditional financial institutions have been able to adopt agile processes, whilst others are yet to start their journey toward a more nimble future. So why are some of these banks continuing in their old mode, like giant ships, slow to change direction? Could it be that the iceberg that sinks the move to real-time is only about technology ‘above the surface,’ and organisational issues lurk below the water line?

  • The Wonderful Ways to Pay Your Taxes

    The Wonderful Ways to Pay Your Taxes

    Tuesday, April 11, 2017

    April (or rather mid-April), that time of year when many Americans frantically assemble their W2’s and countless other tax-related forms. With the tax deadline looming, we conducted outreach to a select group of consumers to learn more about their tax paying habits.

  • Driving Faster Payments in the U.S. and Around the Globe 

    Driving Faster Payments in the U.S. and Around the Globe 

    Tuesday, April 04, 2017

    In advance of next month’s NACHA PAYMENTS conference, we wanted to connect with some of the companies that are driving real-time payments around the globe. VocaLink is one such organization. The company is providing the central infrastructure software to The Clearing House in the US for its Real-time Payments System. VocaLink operates the UK national payments infrastructure, which processes 90 percent of UK salaries, and also implemented the FAST service in Singapore and PromptPay in Thailand, enabling international faster payments. In September of last year, ACI and VocaLink announced a partnership to offer a complete end-to-end immediate payments solution to launch a domestic or regional immediate payments network.

  • The Middle East Presents Retailers A Growing Opportunity But Faces Two Challenges

    The Middle East Presents Retailers A Growing Opportunity But Faces Two Challenges

    Friday, March 31, 2017

    36% of Middle East residents are digital shoppers1  and are expected to spend $19B2 online in 2017; with this spend figure rapidly growing to $34B in 2021. Although cash is the preferred method of transacting, the region is edging toward a digital society. In the UAE and Saudi Arabia, nearly two thirds of the population has smartphones—fueling shopping online growth.3  This prevents retailers new growth opportunities.

  • Bots doing payments

    Whose Liability is it Anyways? The Rise of Bots in Financial Services

    Wednesday, March 29, 2017

    The implication of driverless cars, in terms of liability, is fascinating. For starters, in a world where vehicles are all completely self-driving, it would (technically) be impossible to drive under the influence, so this alone will eliminate many accidents. But, when there is an accident (and there inevitably will be), who will be liable for the damages? The car manufacturer? Or the developer of the software that runs the car? What will happen to insurance companies and contracts when there is no liability to insure against? It’s thought-provoking that this scenario will touch a wide range of industries.

  • Seamless Payments Africa and the Region’s Evolving Payments Landscape

    Seamless Payments Africa and the Region’s Evolving Payments Landscape

    Monday, March 27, 2017

    Blockchain is overhyped and misunderstood; consumers want consistency; and customer centricity and collaboration are not a project. Although they’re not necessarily my own sentiment, these are my three key takeaways from the Seamless Payments – Africa conference, which wrapped up recently in Cape Town.

  • March Madness: The Elite 8 of Payments

    March Madness: The Elite 8 of Payments

    Tuesday, March 21, 2017

    March Madness is officially upon us and millions have (incorrectly) picked their brackets because no one picks every game correctly…and we mean no one. March Madness has also now brought about copycats (how flattering)—from brackets on books to restaurants to cities to sportswriters and more…there might even be one on Members of Congress (hello mid-term elections!!!!). And I think 2017 marks our second annual Rantings Madness bracket, though our bracket does not involve 64 or 68 teams, as that would be nauseating. We’ve whittled ours down to the Elite 8…in this case, the Elite 8 of Payments.