Displaying 71 - 80 of 181 Payments and Industry Trends blog posts
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One Year Later: How Demonetization Has Impacted India
Thursday, October 19, 2017 Manish Patel to Payments and Industry Trends, Retail PaymentsThis month marks the first anniversary of demonetization in India, and it has undoubtedly changed the country forever. When I visit India, I increasingly see micro-transactions conducted via mobile phones. Cash is still used, but I see less and less of it with each visit. We are in the middle of a true paradigm shift – and India is poised to become a global leader in new types of payment acceptance.
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Three Ways to Build Your Business Case for Real-Time Payments
Tuesday, October 10, 2017 Craig Ramsey to Transaction Banking, Payments and Industry TrendsIn the UK, faster payments are well established, and we have seen new innovations as well as new businesses being built since May 2008. In Singapore, which went live in 2014 with its Fast and Secure Transfers (FAST) scheme, we are starting to see similar innovations. And we can expect similar seismic shifts in payments innovation for years to come, as Instant Payment schemes in Europe and Real-Time Payments in the US go live, ubiquity increases and real-time payments become the new normal.
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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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Three Reasons Why Corporate Banks Must Invest in New Security Measures
Friday, September 29, 2017 Craig Ramsey to Payments and Industry Trends, Transaction BankingThe New Payments Ecosystem brings great opportunities, if banks can mitigate the new risks and threats that arise. Real-time and open payments enable a wealth of new revenue streams; however, the potential for growth must be balanced against maintaining payments security. They cannot break the bank.
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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.