Displaying 1 - 10 of 118 transaction_banking blog posts
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What’s Your Small Business Banking Bacon?
Friday, August 18, 2017 Missy Rose to Transaction Banking, Retail PaymentsEvery 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 BankingThe 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 BankingIf 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 BankingSWIFT 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.
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SMEs Expect Instant Payments: How Do Banks Meet This Challenge?
Tuesday, May 30, 2017 Barry Kislingbury to Payments and Industry Trends, Immediate Payments, Transaction BankingListening to their customers and delivering new services will be crucial for the success of real-time banking and payments in Europe and the US
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Liquidity Management and Instant Payments: Why Banks Must Act Now
Tuesday, April 25, 2017 Domenico Scaffidi to Payments and Industry Trends, Immediate Payments, Transaction BankingWith the pan-European Instant Payments Scheme due to go live in November this year, real-time payments are about to become a reality for many businesses and consumers in Europe. Our own research shows that the demand for faster and innovative banking services among consumers and business is high.
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The Constant of Change and the Future of Commercial Banking
Thursday, April 20, 2017 Mark A. Ranta to Payments and Industry Trends, Transaction Banking, Retail PaymentsLet’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.
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Real-Time Payments and The Evolution of Debit
Monday, April 17, 2017 Sandra Horn to Payments and Industry Trends, Transaction Banking, Immediate PaymentsAs 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.
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Driving Faster Payments in the U.S. and Around the Globe
Tuesday, April 04, 2017 Sandra Horn to Payments and Industry Trends, Immediate Payments, Transaction BankingIn 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.
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Driving Toward Innovation in Digital Banking User Experience
Friday, February 03, 2017 Missy Rose to Payments and Industry Trends, Retail Payments, Transaction BankingThe need for delivering on a user experience strategy necessitates the use of common and sometimes confusing lingo like CX, UX, information architecture, UX design and UI design. It introduces ways to gain deeper understanding of customers through methods like personas, journey mapping and Kano analysis. It commands phrases like customer-centric, experience-driven, and ideation/visioning. In the past 4 months, I have interviewed more than half a dozen agencies to engage one that could go beyond the buzzwords and the methods described above. I want to be convinced that great and meaningful changes can happen to UI’s. After all, talk is cheap.