Displaying 1 - 10 of 200 Retail Payments blog posts
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Four Questions to Drive Your Retail Banking Payments Strategy in 2019
Thursday, January 31, 2019 Geoff Tunbridge to Retail PaymentsI keep hearing that it’s “an exciting time to be in payments,” and I certainly agree that there is a lot of noise. However, when I look below the surface, I’d argue that the interesting activity is not with the payment itself, but with all the related events and steps in the value chain.
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What Can the Re-Regulation of Other Industries Tell Us About Open Banking One Year On?
Wednesday, January 16, 2019 Lu Zurawski to Retail Payments, Payments and Industry TrendsUK Open Banking just reached its first birthday milestone (on January 13 to be precise) and given my own commentary – including in the ACI blog – on this topic, the first anniversary of Open Banking in the UK certainly won’t pass without a debrief on the progress that’s been made and what challenges lie ahead.
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Instant Payments in Italy – And Beyond: Lessons from Il Salone Dei Pagamenti
Wednesday, December 12, 2018 Giorgio Tidu to Transaction Banking, Retail Payments, Immediate PaymentsACI was invited back to Il Salone dei Pagamenti – Italy’s premier payments event organized by the Italian Banking Association (ABI) – to participate in a panel, “SEPA Inst – the Future.” As expected, the session was packed with stats and advice for a more efficient roll out of instant payments – in Italy and beyond.
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To Regulate Or Not To Regulate – Is That Thy Question?
Monday, October 22, 2018 Mark A. Ranta to Retail PaymentsDebates are healthy, and as someone who spent a little time during my college years dabbling around the edges of the speech and debate team, I can tell you it’s something that I personally relish. A chance to really talk through the pros and cons of an argument and lay out the bare facts… and then be judged based not only on those facts, but on the presentation and power of persuasion—sign me up!
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Request for Pay – What Does It Mean For Financial Institutions?
Wednesday, October 17, 2018 Paul McMeekin to Immediate Payments, Retail PaymentsWhat do banks – one with $60B+ in assets, one a mid-size regional bank, and one, a small innovative credit union – have in common with payment networks and the ‘Big 4’ consulting firms? They were all part of the first ACI #PaymentsForBreakfast event in North America! The theme was real-time payments, but the focus was more specifically on Request for Pay.
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Why Open Banking Might Need to Rely on a Magic Illusion of 24x7 Availability
Tuesday, October 16, 2018 Lu Zurawski to Immediate Payments, Retail PaymentsThe adage “the more things change, the more they stay the same” appears to ring true when applied to the early phases of the evolution of open banking (or open payments). Especially when you contrast it with the early days of ATM withdrawals; particularly those made in the dead of night so you could pay cash for your after-party greasy feast.
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Sibos Preview: The Five Trends Transforming Real-Time Payments
Monday, October 15, 2018 Craig Ramsey to Transaction Banking, Payments and Industry Trends, Retail PaymentsReal-time is now a reality, with more than 30 schemes live around the world. And real-time is in the spotlight as banks and financial service providers make their way to Sydney for Sibos 2018. What better time to look ahead at the key trends that are going to shape the ongoing development of real-time payments.
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Winners and Losers in the Regulation Vs Competition Debate? How About New Business Models?
Friday, October 05, 2018 Mark A. Ranta to Retail PaymentsAs Summer has abruptly turned to Fall, I have found myself daydreaming of a European vacation (and yes, I realize it’s Fall there too… or rather, Autumn). Maybe it’s the Instagram feed full of friends on a summer sojourn to Italy, France, or Germany, or the constant barrage of Premier League kickoff commercials on the NBC Networks (Let’s Go Gunners!), but yesterday it was something else entirely that had me drifting off into a memory-induced Nutella-crepe state of euphoria.
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API Management: The Reason Digital Open Banking Can Fly
Monday, October 01, 2018 Geoff Tunbridge to Retail Payments, Transaction BankingWhen it comes to thinking about the different roles that an API Manager can play for an organization, I personally think that an airport provides the perfect analogy. The customer is the passenger, the third-party organizations using a bank’s APIs are the airlines and the airport itself is the bank. I also think this analogy helps to visualize the variety of API management capabilities – including the role of an API gateway.
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The Mexican Fintech Revolution – ¿Qué onda in Open Banking?
Wednesday, August 22, 2018 Rachael Tomaney to Retail Payments, Payments and Industry TrendsMexico has joined an elite group of nations, being amongst the first to pass open banking regulations. Specifically designed to open up its financial services and technology sector, the so-called ‘Fintech Law’ appears to have taken notes from PSD2, UK Open Banking, Singapore’s ‘organic’ approach, and others – and balances these against Mexico’s unique context and aims.
ACI’s Lu Zurawski, one of the industry's foremost open payments experts, and Sonia Gomez, a Latin America payments authority, discuss this balancing act; including the drivers, the regulation and the potential benefits.