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Are Alternative Payment Methods the Future of Fuel and C-Store Payments?
Friday, July 24, 2020 Dan Coates to Merchant RetailCard payments are still king in many sectors, including fuel and convenience, where according to Mercator Advisory Group, 57 percent of U.S. drivers currently use a credit or debit card to pay. However, the rising adoption and associated benefits of mobile and other alternative payment methods (APMs) in many other sectors have put the topic of APMs on the radars of fuel merchants.
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Why the COVID-19 Pandemic Makes Immediate Payments Growth Mission Critical
Thursday, July 23, 2020 Ruth Fornell to Immediate PaymentsCOVID-19 continues to shake the world, and the payments industry is playing a critical role in the response to, and recovery from, this pandemic. There has been a shift in preferred payment methods as many consumers seek to avoid cash and embrace modern, digital payments.
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Scale, Speed and Differentiation – How Acquirers Can Thrive in the 2020s
Wednesday, July 22, 2020 Katrin Boettger to Retail PaymentsNew players, changing consumer behaviors and expectations, shrinking margins and more regulations – the world of acquiring is changing fast. How can acquirers thrive in the 2020s? ACI debated this question during a recent webinar, and I talked to the participating panellists – Carlos Perez Rubio, senior principal product manager, ACI Worldwide, George Peabody, partner, Glenbrook and David Gale, vice president – Technology, Moneris – and asked them how acquirers should prepare for the future.
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Changes in Consumer Search Behavior in the Wake of COVID-19
Monday, July 20, 2020 Autumn Flora to Bill PayIt’s been several months since COVID-19 became a widespread pandemic and a central focus of every aspect of our lives. Businesses are evolving to meet demands and consumers are thinking about their personal finances very differently, especially when it comes to paying bills. Consumer search behavior has drastically changed during COVID and will continue to do so, especially as 1 in 4 consumers who pay a monthly bill have contacted their biller(s) for payment arrangements or deferrals during this time.
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Will COVID-19 Accelerate Friction-Free Payments in the Fuel Sector?
Friday, July 17, 2020 Dan Coates to Merchant RetailToday’s consumers expect easier and more frictionless ways to pay. The upshot for merchants is that consumers who do receive convenient, friction-free experiences tend to spend more and show greater loyalty.
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Fraud Prevention Is the Frontline of Customer Experience
Thursday, July 16, 2020 Giselle Lindley to Payments Risk ManagementDigital transformation has done more than disrupt business models. In almost every consumer-focused market – and most business-to-business ones, too – it has fundamentally re-oriented the competitive landscape around customer experience as a core differentiator.
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Payments Modernization and Cross-Border Payment Corridors: How Nordics’ P27 Is Leading the Pack
Wednesday, July 15, 2020 John Ballantyne to Immediate PaymentsThe understandably large level of attention generated by the Nordic region’s P27 initiative is the antithesis of its relatively small place on the global map. Much of that is down to the impressive scope of its ambition: to build the world’s most cutting-edge, cross-border payments system, encompassing multiple currencies and payment types (including real-time), plus building out the services to sit on top of the rails, which will drive further value.
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Going Digital at the Deadline: America’s Electronic Tax Revolution
Tuesday, July 14, 2020 Steve Mountz to Bill PayThe Beatles once famously sang, "I'm the taxman, and you’re working for no one but me.” Though the sentiment may be true, governments looking to drive more on-time collections must also accommodate shifting citizen tax and bill payment preferences.
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Taking the Pulse of Biometric Authentication in 2020
Monday, July 13, 2020 Ana Cheney to Payments and Industry TrendsGrowing demand for digital payment methods in recent years, including a plethora of mobile payments and person-to-person payment applications, has already put biometric authentication firmly at the forefront of payments and fintech. Moreover, the COVID-19 global health crisis has introduced new norms that have discouraged non-essential physical interaction, which has further boosted the popularity of digital payment alternatives. Already in March, CNBC noted that there had been a surge in the number of Americans preferring ‘”tap and go” transactions through digital wallets, like Apple Pay or Google Pay, overwhelmingly secured with biometric (mainly fingerprint) authentication.
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How Does Brazil Measure Up Against the 5 Key Indicators of Real-time Payments Success?
Thursday, July 09, 2020 Vlademir Santos to Immediate PaymentsReal-time payments, or immediate payments, have experienced explosive adoption in many markets around the world. While some have developed their own approach to deploying real-time payments, the COVID-19 pandemic has served as an accelerant in the implementation of real-time payments and digital modernization. With real-time payments volumes now increasing in some markets due to the pandemic, it’s important to look at how Brazil measures up against these 5 key indicators of successful implementations and to understand how the country can drive adoption of its new real-time system, PIX.
