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Payments systems visions, strategies, trends, pilots, forecasting, and planning for the short-, medium-, and far-term.
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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
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
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
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
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
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
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
Saara Day Head of Marketing at Beyond
The new report “The Payments Transformation Race: Criteria for Success” from Aite and Icon Solutions identified that banks that have a clear and robust payments transformation plan are more profitable than their competitors – effectively widening the gap between the winners and losers in the transformation race. So how does a bank become one of th...
01 October 2019 /payments
Chris Principe CEO at APB, Inc.
UnBanked – They don’t need Banks! It's SIBOS!! For me this the best time of my year. I have been to 17 of the last 22 SIBOS’s. For some, their event is the Super Bowl, the Olympics or FIBA Basketball Championship or for many more it’s the World Cup, but me, SIBOS is my Super Bowl. This year many people are talking about SWIFT falling behind, at th...
30 September 2019 /payments
Hussam Kamel Payments Architect at Icon Solutions
Cross-border payments are riddled with complexity and lack the regulatory framework and standards to ensure the instant, seamless performance and competitively priced offerings that today’s banking customers have come to expect. Ripe for a revolution, it’s attracting numerous new ‘disruptive’ players and, as the market becomes increasingly crowded,...
10 September 2019 /payments
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