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Real world benefits of real-time payments
Thursday, September 24, 2015 Barry Kislingbury to Consumer Payments, High Value Real Time PaymentsIt is only fair to acknowledge that real-time payments have the potential to decrease lucrative revenue streams for banks. But, this holds true with most emerging technologies that disrupt the status quo and allow new competition and new ways of doing business. Consider the music industry as an example.
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The Digital (R)evolution in Banking – Are you ready to join us?
Tuesday, September 22, 2015 Mark A. Ranta to Consumer PaymentsRecapping an event is always difficult; the trends and themes of events tend to merge into one another and hit on the same basic points no matter the name on the letterhead. This week I had one of those exceptional experiences at a conference that was something different. The theme—the power of community—being tied so beautifully back to the undercurrent secondary theme—millennials.
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My Inside View: Does TCH overreach in its APP regulation whitepaper?
Monday, September 21, 2015 Ian Rubin to Consumer PaymentsThe Clearing House (TCH) recently released a whitepaper called “Ensuring Consistent Consumer Protection for Data Security: Major Banks vs. Alternative Payment Providers."
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PSD2, the iceberg that banks must navigate
Wednesday, September 16, 2015 Dan RingPSD2…it sounds like a game console for the young Gen Y and Gen Z kids. At least that’s what I originally thought…and, geesh, how wrong I was! When it comes to bank disruption, PSD2 is one of the stars (though loved by some, loathed by others—akin to the greatest quarterback in the history of the NFL, Tom Brady). In this next installment of my ongoing conversation with colleague and Master of the Fender Stratocaster, Paul Thomalla, Paul fills me in PSD2 and what it means—to banks, non-banks and consumers.
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ISO 20022: Laying the foundations for the path to global interoperability
Tuesday, September 15, 2015 Barry Kislingbury to Consumer Payments, High Value Real Time Payments"Follow the yellow brick road," the Munchkins said to Dorothy after she landed in Oz. And to me, the path to interoperability on a global scale is laid out in front of us as clear as the yellow brick road was for Dorothy.
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Why we need penetration testing in a post EMV world
Tuesday, September 15, 2015 Seth Ruden to Fraud ManagementWith around a month until the official date for the infamous liability shift in the US, the official go-live for the EMV standard, or Chip and PIN, it’s looking like we are not entirely prepared.
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The Connected Lifestyle (from buying to eating to burning calories after eating a Chicago Deep Dish)
Friday, September 11, 2015 Mark A. Ranta to Consumer PaymentsChicago: America’s Second City, Home of the Stanley Cup Champs and, next week, the epicenter of the community financial digital banking and payments world as ACI descends on the Windy City for our annual Technovation conference.
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Real-time Payments: Just the first step to real-time banking
Thursday, September 10, 2015 Barry Kislingbury to Consumer PaymentsI am fortunate enough to be part of many conversations around the globe on immediate or instant payments, but where ever I go there seems to be a whisper that follows me…. “This isn’t really about real-time payments, but real-time banking”.
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Introducing ‘Platform Banking’ - The future for Financial Services?
Wednesday, September 09, 2015 Lu Zurawski to Consumer Payments‘Platform’ is a lovely, polysemous word – it projects lots of meanings.
Whilst the general public may think of flares and big shoes (or is it me?), IT and operations experts will think about hardware, while for developers it may conjure up programming environments, for media types perhaps games and viewing formats, and bankers are more likely to think about mobile device types or communities of users.
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How are VPs of Collections Slashing Costs?
Tuesday, September 01, 2015 Phil Spradlin to Bill PayThe top 5 lenders accept debit card payments, and it’s no wonder. New data shows debit card payment processing saves them 12.5 percent – 25 percent compared to Automated Clearing House (ACH) or eChecks.