Displaying 51 - 60 of 169 Payments and Industry Trends blog posts
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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.
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Assessing Same-day ACH In The New Era of Real-time Payments
Friday, July 28, 2017 David Grindal to Payments and Industry Trends, Immediate PaymentsThe pace of payments has risen sharply in the U.S. since the introduction of same-day ACH in September 2016. Following the global movement towards immediate payments, the pace is set to pick up as real-time speed arrives through schemes such as The Clearing House (TCH) Real-time Payments System and Zelle networks.
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The Path to Faster Payments – A US Perspective
Friday, July 21, 2017 Mark A. Ranta to Payments and Industry TrendsWith news that the Faster Payments Task Force released its final findings today and set the deadline for our country’s new payment system to be live by the year 2020, a mere 29 months away, it leaves many in the industry getting ready to roll up our sleeves because it is going to be an all-hands-on-deck 29 months.
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The Many Delicious Flavors of P2P
Friday, July 21, 2017 Dan Ring to Payments and Industry TrendsWe’re now very much into the height of summer (real feel today outside my door is 98 degrees, not to be confused with that amazing band from the 90s). And following the recent Zelle launch, we’re also very much into the height of P2P hype. As Mark and I are wont to do, we’re mixing up food and payments (a delicious combo)! And in this case, we’re talking about one of our favorite summer (or year-round) treats, ice cream. We’ve waxed poetic about ice cream in prior blogs (i.e., shops at the Cape and in Newport that still abide by old-school cash-only policies, etc.). Specific to this post, if you think about it, the roster of P2P options continues to increase, like the number of amazing flavors that Ben & Jerry’s offers these days. And with spoons in our mouths and napkins in our hands, it’s time to rant!
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Connect, Learn, Share – The ACI Exchange 2017 Round UP!
Wednesday, July 19, 2017 Mark A. Ranta to Payments and Industry TrendsIf you’ve never experienced “dry heat” (which is much like actual “heat”)—you haven’t lived! Stepping off the plane in Phoenix last month for ACI’s Annual User Exchange, the mercury was literally jumping out of the thermostat at 116 degrees Fahrenheit…and it was unlike anything this New Englander has ever experienced. I mention the weather here because it’s the important backdrop to talk about Exchange itself; you could say that the heat was required to properly bake this event to perfection over the four-day agenda and fully deliver on this year’s theme of connect, learn, share.
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Why ATMs Are a Successful Piece of 'Social Tech' Not Heading for Retirement Anytime Soon
Tuesday, July 18, 2017 Katrin Boettger to Payments and Industry TrendsThe ATM turned 50 last week (on June 27, to be exact) and despite the spectacular growth of alternative payment methods and predictions that we are heading toward a cashless society, birthday celebrations around the world were upbeat. Most industry commentators seem to agree that the ATM is alive and kicking. As ACI’s Lu Zurawski, EMEA consumer payments lead, says in an interview with Forbes: “The ATM is a successful piece of social technology and won’t be heading for retirement any time soon.”