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What Banks Can (And Should) Do to Prepare for the Launch of Pan-European Instant Payments
Wednesday, October 04, 2017 Katrin Boettger to Immediate PaymentsThe pan-European Instant Payments scheme (SCT Inst Scheme) launches in November 2017, offering banks throughout Europe the opportunity to create real-time services for their customers. I spoke with Domenico Scaffidi, principal solution consultant for ACI Worldwide, about what banks can – and should – be doing to prepare for the launch of the scheme.
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The Terrible, Horrible, No Good, Very Bad Omni-Channel Day
Tuesday, October 03, 2017 Andrew Marshman to Merchant RetailI have been proclaiming for some time that ‘omni-payment’ is the missing element in many retailers’ full omni-channel customer service offering. What I mean is that many retailers offer their goods and services in-store and through various digital channels, but payments are often still processed by different systems and operate in silos. There are downsides to this isolation, and challenges to overcome in consolidating payments systems.
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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 BankingThe 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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Security, the New Payments Ecosystem and the Need to Educate the Consumer (Or Ask Them to Unclog Your Sewer!)
Friday, September 29, 2017 Mark A. Ranta to Payments and Industry Trends, Retail PaymentsWhen it comes to any payments ecosystem, you must remember that we are talking about MONEY. More importantly, people’s money (like yours and mine). In any conversation in this space, secure is something that is assumed. A consumer simply won’t use a new system if they don’t believe it is secure. Unless of course it’s free Wi-Fi. As we have seen, folks are willing to do almost anything to get free access on their devices, even agreeing to clean toilets! (This was a real thing… one hotspot operator added it to their Terms of Service fine print). When we talk secure, it’s important that we keep this in mind: secure is not just a piece of the Hierarchy of Payment Needs, it’s an integral part of it, which is why it sits directly on top of the foundations. Without this layer, the whole ecosystem collapses.
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The Growing Strategic Importance of Instant Payments [Webinar]
Monday, September 25, 2017 Christopher Taine to Immediate PaymentsFinancial institutions already recognize the potential of instant (or immediate) payments in the real-time, open banking landscape, however many are still determining the best path forward as they juggle new regulatory requirements and the evolving demands of customers.
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Learning Lessons From Large Scale Breaches
Wednesday, September 20, 2017 Seth Ruden to Payments Risk ManagementAt this point, there’s no ignoring it: our financial security is compromised daily. And no doubt, many reading this wouldn’t hesitate to recount all the breaches they have been a part of as consumers; merchant breaches in which replacement cards forced you to update your linked accounts, or data compromises where personal information was stolen and identity theft protection was provided, forcing you to consider freezing new credit originations.
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The Challenge and Reward of Consolidating Payment Platforms
Monday, September 18, 2017 Michael Braatz to Merchant RetailThe majority of retailers operating internationally have multiple payment platforms, designed to suit the local markets in which they operate, and these platforms often differ between sales channels according to research carried out by ACI Worldwide and Retail Week. This reflects not only different consumer expectations and payment preferences, but also the cost of upgrading and consolidating multiple payment systems. The emergence of new payment options, combined with pressure to be compliant with the latest payment standards, only adds to the complexity.
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Zelle’s Secret to Successful Immediate Payments Adoption
Friday, September 15, 2017 Sandra Horn to Payments and Industry Trends, Immediate PaymentsAs Zelle launches its standalone app, it is already very well positioned to be successful in the P2P space. The network dominates access to U.S. bank accounts and is gaining new customers at a speedy pace of 50,000 per day[ 1 ].
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How to Deliver on Customer Experience in a Digital Payments Era
Tuesday, September 12, 2017 Silvia Mensdorff-Pouilly to Retail Payments, Payments and Industry TrendsDon’t Break the Bank – Building for the New Payments Ecosystem.
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How to Protect the Foundations of Transaction Banking Against Disruption in The New Payments Ecosystem
Tuesday, September 12, 2017 Craig Ramsey to Retail Payments, Payments and Industry TrendsScalable, Available, Reliable – #SleepAtNightability for Corporate Banking
