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The Payments Business

Share opinion and experience on how the payments landscape is changing and learn about the challenges and opportunities facing payments stakeholders in the future.

Steve Morgan

Steve Morgan Banking Industry Market Lead at Pegasystems

ISO 20022 is coming – How banks can prepare for the new payments messaging standard

ISO 20022 is coming. The new global messaging standard for payments systems is generally agreed to be a good thing for the banking industry – the Bank of England’s consultation on the plans showed respondents were “largely supportive”. Indeed, as the UK’s central bank notes, ISO 20022 is designed to create a globally consistent financial messagin...

/payments /regulation

Akhil Rao

Akhil Rao Director at Nth Exception

Value of ISO 20022 for FinTechs

As a common business language for the financial marketplace, ISO 20022 is firmly positioned as a unifier for new and contrasting FinTech innovations, such as Distributed Ledger Technology (DLT), Smart Contract (SC), and Application Programming Interfaces (APIs). Considered the de facto, universal business language for financial industry initiative...

/payments /retail

Laura Francis

Laura Francis Head of Brand and Marketing at Form3

How microservices are changing the game for operational resilience and cyber security in payments

Cloud adoption among banks has accelerated exponentially in recent years with views now pivoting towards seeing cloud as central to resiliency challenges. Unlike cloud-based systems, legacy technology cannot be easily patched and upgraded. As a result, weaknesses can remain in a system for a significant stretch of time. It is not surprising that 6...

/security /payments

Jaime Lowe

Jaime Lowe Sales Director at UTP Group

The Power of Positivity in Business:

The UK has reported almost 14 consecutive days of falling Covid case numbers, tumbling from over 45,000 cases a day to below 25,000 cases as of yesterday. This is in sharp contrast to the predictions made by certain experts who believed daily cases could climb as high as 500,000. While the Prime Minister has urged caution in spite of the good news...

/payments

Muhammad Faizan Siddiqui

Muhammad Faizan Siddiqui Head of Strategy at Wavetec

Modernizing Payments

The push to the modernization of payments is not a recent phenomenon. Financial institutions and intermediaries have regularly been moving through rounds of improvement; but, this time, the pace of transformation, its scope, and impact are unprecedented. Drivers of the Modernization We have noticed two primary drivers for this dramatic movement. T...

/payments /retail

Gabe McGloin

Gabe McGloin Head of Business Development EMEA at Verifi at Verifi Inc

Reduce Customer Disputes with Data Transparency

The digitisation of commerce has escalated the need for card-not-present (CNP) businesses to bring proactive customer communication to the fore. From digital receipts to high-tech AI chatbots, sellers have more options than ever to interact with customers. Not only will embracing these efforts heighten transparency, but also improve customer servi...

/payments /crime

Peter Thomas

Peter Thomas Managing Director at DLRT Ltd

The return of ‘Blankety Blank’… a firm favourite

The recent news that the iconic ‘Blankety Blank’ game show was returning to our screens under the masterful Bradley Walsh brought back many great memories. Originally a firm family favourite on the BBC back in the 1980’s under fellow Irishman, Sir Terry Wogan and again reprised under the always funny Les Dawson, the premise of the game was a fun qu...

/crime

Joris Lochy

Joris Lochy Product Manager at Intix | Co-founder at Capilever

Treasury management at SMEs - Still too neglected?

Treasury management or more generally Supply Chain Finance management is still a neglected topic at many SMEs. While large international corporations make the investment into expensive treasury management solutions (often part of their ERP solution) and even setup their own In-House Banks, this is considerably more difficult for the mid-corp segmen...

/payments

Eric Christensen

Eric Christensen Chief Payment Officer at Digital River

Buy Now, Pay Later: What you need to know before you invest

The global pandemic has dramatically accelerated the long-term consumer shift towards ecommerce channels. While the initial explosion in online shopping came out of necessity, with social distancing and shielding requirements restricting people’s ability to shop in store, it is safe to say the trend of online buying isn’t going anywhere. Not only ...

/payments

John Bertrand

John Bertrand MD at Tec 8 Limited

Customers have 50 percent chance of reimbursement after APP fraud

A consultation by the PSR (Payment Systems Regulator) to PSP(Payment System Provides)/Banks to prevent Authorised Push Payment Scams (APP) at source and to provide better support to the victims is underway. APP scammers use Faster Payments as their payment channel of choice, 80% of APP fraud. To do so scammers need a bank account. Contingent Reimbu...

/retail /crime

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