Displaying 1 - 10 of 124 Transaction Banking blog posts

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  Maintain Vs. Invest: What the Digital Era Ushers in for Banks

  Thursday, April 12, 2018 Paul Thomalla to Transaction Banking, Payments and Industry Trends, eCommerce

  Taking place this week in Brussels, the European Credit Research Institute (ECRI) will host a high-level debate on how policymakers can build on the process of digitalisation of banks to raise competitiveness in light of increased competition from fintech start-ups and tech giants.

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  How the Merchant Payment Ecosystem Can Create Value in Instant Payments

  Tuesday, February 27, 2018 Dean Wallace to Immediate Payments, Transaction Banking

  Recently, ACI conducted some research into the appetite to make use of instant payments among corporates. The results were overwhelmingly favorable, but when we think about the benefits of immediate payments for corporates, it does seem obvious that they would want to leverage this new payment type.

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  Real-Time Payments Will be Europe’s Most Dominant Payments System – Are You Ready to Realize the Full Value?

  Monday, February 12, 2018 Domenico Scaffidi to Immediate Payments, Transaction Banking

  Since the launch of the SCT Inst rulebook in November 2017, many more banks are live and offering real-time payments to their customers, with most of the rest committed to 2018. The buzzword at the recent ECB #TIPSapp Event in Frankfurt was ‘Interoperability,’ or as my friend José Beltrán from STET would say, ‘Reachability.’ No-one expressed this more clearly on February 6^th than Javier Santamaria, President of the European Payments Council, when he reiterated his message from Il Salone Dei Pagamenti, the day after the SEPA launch; "We have launched the Pan-EU scheme, now it is up to you in the audience and beyond to take advantage of it and make it work."

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  The Hammer Finds Its Nail: Open Banking and Commercial Cash Management

  Wednesday, January 31, 2018 Mark A. Ranta to Transaction Banking

  Globally, the Open Banking story has been shaped by Europe, thanks to PSD2 (The Revised Payment Services Directive) and the effect that it will have on us as everyday consumer banking clients. This will forever change our experience with financial tools for the better.

  The banks that have traditionally served us will modify their models to support the foundational layer of a new ecosystem of co-invention and partnership. This story is all well and good, but so far most – if not all – of the discussion has surrounded the consumer experience and has neglected where the most fertile ground for change and disruption lies—corporate and commercial banking.

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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 Trends

  In 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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  Three Reasons Why Corporate Banks Must Invest in New Security Measures

  Friday, September 29, 2017 Craig Ramsey to Payments and Industry Trends, Transaction Banking

  The 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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  What’s Your Small Business Banking Bacon?

  Friday, August 18, 2017 Missy Rose to Transaction Banking, Retail Payments

  Every hip recipe has bacon in it these days. So why shouldn’t your digital banking experience be the same? After all, it’s a yummy addition that gives a standard dish that extra flair.

  Small business banking has been a prodigious untapped market for over a decade. Banks desperately strive to make revenue from this market, but in most cases, they have struggled to do so.

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  The ATM Turns 50: Why Evolution Is Key For Its Survival

  Monday, July 10, 2017 Katrin Boettger to Payments and Industry Trends, Transaction Banking

  The ATM turns 50 this year and half a century on ATMs remain popular with consumers worldwide. Banks and building societies more than ever see ATMs as a key channel of communication and interaction with their customers and many are now offering ATM services that go beyond simple cash withdrawal. We spoke with Paul Horlock, Director for Payments at Nationwide, one of the biggest high street financial providers in the UK.  Nationwide has been working with ACI Worldwide for over 30 years and currently uses ACI’s BASE24 eps solution to power an estate of around 700 ATMs across the UK. 

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  Authorization Management is the Key to Smooth But Secure Payments

  Friday, June 23, 2017 Silvia Mensdorff-Pouilly to Transaction Banking

  If you happen to be a fraudster, it’s likely that you are loving all the ways the industry is making it easier for people to pay. The less friction in a payment, the quicker the money moves, and the more opportunity you have to intersect with fraud and move the money away before anyone notices.

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  How SWIFT gpi Will Change the Cross-Border Payments Market

  Monday, June 12, 2017 Wijay Asirwatham to Transaction Banking

  SWIFT global payments innovation (gpi) is ushering in a new dawn in international transfers which, quite frankly, has been a long time coming, especially when you consider the current race to real-time payments. The world is getting smaller and faster, and cross-border payments are about to catch up.