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Platform Driven Payments Can Drive Improved Profitability for Fuel and Convenience Store Merchants
Thursday, September 17, 2020 Bob Koscheski to Omni CommerceThose of us who drive often don’t think too much about refueling our cars unless or until our tanks are nearing empty. And as long as the price is acceptable and the transaction efficient, a quick, convenient fill up is all we need.
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The Nordics’ P27 Initiative: Payments in Uncharted Waters
Wednesday, September 16, 2020 Katrin Boettger to Low Value Real Time PaymentsThe advance of real-time payments around the world seems unstoppable, with 45 schemes currently live and a further 13 (at the time of writing) in the planning stages. In Europe, the Nordics’ P27 initiative – the world’s first integrated multi-country, multi-currency, real-time payments platform spanning Denmark, Finland, Sweden and Norway – promises to make headlines as it takes payments into uncharted waters.
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The Pandemic Has Accelerated the New Era of Acquiring
Tuesday, September 15, 2020 Carlos Pérez Rubio to Payments and Industry TrendsThe COVID-19 pandemic has accelerated many trends already taking shape in consumer purchasing behavior. Almost overnight, routine activities ranging from picking up groceries to buying gas unexpectedly became something that they had never been before – risky.
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How Southeast Asia’s Banks Can Remain Competitive and Profitable in a Real-Time World
Wednesday, September 09, 2020 Leslie Choo to Low Value Real Time PaymentsCross-border payments across Southeast Asia are shifting as market dynamics, increased competition and increasingly demanding customers drive rapid change. As payment systems are modernized and the market evolves, banks and governments must stay on top of these trends.
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Recurring Success: Exploring Subscription Payment Trends
Thursday, September 03, 2020 Mike Rogers to Bill PayWhen you think of recurring monthly expenses, there are certain obvious bills that come to mind: mortgage or rent, utilities and phone bill, among others. But today, monthly recurring expenses increasingly include things like online streaming services (music and entertainment), meal kits, pet treats, video games and clothing. It seems there’s a subscription service for everything these days — and consumers are taking full advantage.
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The Benefits of Open Banking for LATAM
Wednesday, September 02, 2020 Luis Bastidas to Low Value Real Time PaymentsThanks to customer demand and regulations on how customer data can be gathered and used, open banking has seen rapid growth throughout the world. The EU and U.K. have been leading forces in the implementation of open banking, while countries such as Canada, New Zealand, Hong Kong and Japan have been quick adopters.
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Only One-Third of Major Fuel Merchants Have Fully Implemented EMV and 20 Percent are Still in the Planning Stage
Monday, August 31, 2020 Bob Koscheski to Omni CommerceEarlier this year, we blogged about the issue of EMV implementation in the U.S. fuel sector and the fraud issues fuel merchants can expect to see if they’re not ready by the extended April 2021 deadline.
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How Australian Financial Institutions Can Get the Most from Strong Customer Authentication
Monday, August 31, 2020 Mark Southby to Fraud ManagementWhether viewed through the prism of 3D Secure 2.2 (3DS2), the AusPayNet CNP Fraud Mitigation Framework, or the Australian Government’s Consumer Data Right, strong customer authentication (SCA) is now — or about to be — mandatory for financial organizations across Australia. Here is a quick primer on how Australian financial institutions can make the most of SCA.
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Omni-Commerce Is Heating Up the Merchant Token Revolution
Thursday, August 27, 2020 Dennis Odiwo to Omni CommerceMerchants around the world have embraced the wisdom of keeping sensitive customer data (such as card numbers) out of their own environments, with tokens emerging as the tool of choice to bridge the gap. Merchant functions — including reservations, returns, reporting, rewards, research, reconciliation and more — have typically required access to sensitive data, but a series of high-profile breaches has highlighted the need to store card numbers in tightly secured safe harbors.
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How National Central Infrastructure Initiatives for Real-time Payments Create Immediate Business Opportunities for Merchants
Thursday, August 20, 2020 Lu Zurawski to Payments and Industry TrendsMore and more countries and regional alliances are investing in the creation of new financial market infrastructures. Governments and leaders of central banks have decided that the finance industry needs investment to be fit for the demands of digital economies, suitable for the trailblazing businesses of the fourth industrial revolution.
