Payments strategies 2015-2020-2030

Payments systems visions, strategies, trends, pilots, forecasting, and planning for the short-, medium-, and far-term.

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

Pre-paid cards - An outdated concept with a lot of innovative potential

In most industries there is an evolution from pre-paid to post-paid, i.e. instead of having to acquire products or pay costly subscriptions or licenses upfront (with a lot of unnecessary features), there is a tendency to pay more based on usage. This trend of "Everything as a Service" is converting massively CapEx into OpEx, which financ...

20 April 2020 /payments /retail

Laura Francis Head of Brand and Marketing at Form3

Accelerating innovation in financial services: Is Faster Payments doing enough?

The concept of real-time payment processing both from an operational and cost advantage is big news yet only 36% of all electronic payments in the UK are now via the Faster Payments Service (FPS)1. One could argue that FPS has fundamentally changed the nature of payments, user experience and the real economy. But in reality, the race to real-time ...

14 April 2020 /payments

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

A frictionless check-out experience, what does that actually mean?

In today’s design of (software) solutions, providing a frictionless user experience is (and should be) a top priority within every organization. While payments have already gone through a major evolutioneliminating much of the frictions (from cash payments to card payments up to contactless card payments and mobile payments), the entire checkout pr...

06 April 2020 /payments /retail

Retired Member 

A dynamic payments environment calls for the right partner

Not too long ago, payment methods were limited. Now, the constant increase in choices leads consumers to change habits quickly. The payment options travel companies offer their customers can be a major differentiator. If a traveler discovers an OTA or supplier doesn’t accept their preferred method, they may shop elsewhere. Deloitte’s Payment Trend...

22 March 2020 /payments /people

Bernd Richter SVP - FIS Impact Ventures at FIS

Payments as a service - a new normal future of payments?

Banks are increasingly outsourcing their core payments platform technology and operations. What seemed in past years far fetched even to consider has become a viable option. Is Payments as a Service (PaaS) on the brink of becoming the new normal for banks as technology-focused payments service providers are winning more and larger in scope mandate...

19 January 2020 /payments /cloud

Paul Marcantonio Head of UK/Western Europe at Ecommpay

5 Steps to Set Up Online Payments for Your Business

Selling things online can be complicated. There are web shops to design, product descriptions to create, and payment methods to set up. The latter is probably the single most important part of the process - for a very simple reason. If your customers can't pay, they won't buy. So how do you accept payments online? Let’s look at it step by step. 1. ...

13 January 2020 /payments

Anthony Walton CEO at Iliad Solutions

Increased Regulation of Operational Risk is Coming

At the end of October, a Treasury Committee report in the UK said the frequency of online banking crashes and customer disruption had become unacceptable. Steve Baker, the Treasury Committee’s lead member for this inquiry was quoted as saying: “The number of IT failures that have occurred in the financial services sector, including TSB, Visa and Ba...

20 November 2019 /payments

Anthony Walton CEO at Iliad Solutions

Readiness for Immediate Payments

The payments industry is seeing a massive global surge in the implementation or modernisation of Immediate Payment systems. These systems challenge the status quo, and when used effectively create real opportunities for financial institutions to improve service and/or develop new business opportunities. In Ovum’s 2018 Payments Report (2018 Globa...

12 November 2019 /payments

Retired Member 

Adoption of Modern Payment Options Spurred on By Businesses Targeting Younger Demographics

According to recent evidence, businesses are starting to adopt modern payment options in heretofore unseen numbers. While hard numbers are still unavailable, preliminary anecdotes seem to indicate that part of the reason is an attempt to attract younger consumers who might not otherwise purchase particular goods or services. Should they not have a...

07 November 2019

Simon Bennet Partner & Co-Founder at Domain Matters

20022 after 2020

SWIFT payments and related messages are changing to ISO 20022 standard in the coming three years and these changes will be market mandatory over the medium term. At this point the key action item is to approve seed funding to develop detailed Impact Assessment(s) and Implementation Plans during 2020. Context – what’s changing, why, and when: Mes...

28 October 2019 /payments