385 Results from 2023, /payments
Sergiy Fitsak Managing Director, Fintech Expert at Softjourn
The Emergence of P2P Apps In our tech-driven world, convenience reigns supreme. Peer-to-peer (P2P) payment applications offer a user-friendly and streamlined solution for transferring money to others or settling bills. These apps have seen an unprecedented surge in popularity, with a whopping 84% of consumers acknowledging their use of P2P servic...
28 December 2023 /payments /retail Banking Strategy, Digital and Transformation
Tareq Shaheen Director of Payment Solutions at Eastnets
With the ‘wallet wars’ being waged over recent months, there has been much talk of virtual wallets becoming a vital part of the payments system. Whether a digital wallet (which links to a payment card) or an eWallet (which uses funds deposited into it), the popularity of virtual wallets is clear. This has been captured in a report from Juniper Res...
28 December 2023 /payments
David Hensley Founder at Enryo Limited
2023 witnessed a curious phenomenon in the world of payments: cash made a comeback. After a decade of steady decline, the use of coins and notes saw a slight increase, defying predictions of a fully cashless future. This mini-renaissance, however, needs to be examined within the context of a rapidly evolving payments landscape dominated by digital...
27 December 2023 /payments /retail Imagine a world without cash
Zain Saidin CEO at Tassat
Real-time payments are driving digital transformation and have become a key focus area for financial services across industries. As businesses continue to invest in tools to improve customer experience, real-time payments are a solution that unlocks immediate value. The demand for this technology has demonstrated consistent growth in recent years,...
21 December 2023 /payments
John Bertrand MD at Tec 8 Limited
The Payment Systems Regulator issued Specific Requirement 1 on the Faster Payments Scheme Operator (Pay.UK) to insert APP scam reimbursement into Faster Payments. The timetable as follows: Action Financial Service & Market Act 2023 (FSMA) - places statutory on PSR for APP scam payments over Faster Payments by 29-Feb-24 Faster Payments Scheme Op...
21 December 2023 /payments /regulation Banking Strategy, Digital and Transformation
Retired Member
Satoshi Nakamoto, the pseudonymous Bitcoin inventor and developer, published the white paper "Bitcoin: A Peer-to-Peer Electronic Cash System" in 2009. In it, Nakamoto presented an idea for a peer-to-peer, decentralized, internet-native payment infrastructure that would operate independently of traditional banking systems. Its value, negl...
21 December 2023 /payments /crypto Bitcoin payments
Austin Talley Founder and CEO at Everyware
The healthcare sector is experiencing a pivotal moment, where enhancing the patient payments experience is as crucial as delivering top-notch medical care. A compelling 90% of consumers assert that their financial experience significantly impacts their decision to return to a provider, spotlighting the vital role of Patient Financial Engagement (P...
20 December 2023 /payments
The payments industry's ever-evolving nature blends innovation and change, traversing various paths at an unparalleled speed. Enterprises and consumers have markedly shifted away from physical currency, embracing digital transactions through cards, mobile devices, digital wallets, and wearable tech. This shift has completely redefined payments, ma...
20 December 2023 /payments /retail Banking Strategy, Digital and Transformation
Abhinav Paliwal CEO at PayNet Systems- A Neo Banking Software Platform
The diversity of payment options has changed dramatically in the fast-paced world of digital transactions. Two popular rivals have emerged among the different choices available: QR Payment and Tap and Pay. Each method has its benefits and reasons, allowing consumers to choose the best option for payment for their needs. We will explore the feature...
19 December 2023 /payments /inclusion Finextra site news
Roberto Garavaglia Independent Advisor at Innovative Payments & blockchain Strategic Advisor
From Canada and the United States to the United Kingdom, a wave of changes in the Interchange Fees for Visa and Mastercard card payments promises to rewrite the rules of the game. But what exactly are these commission costs, and why is it important to understand their pricing model? I explain this in this post. When we talk about economics and fin...
18 December 2023 /payments /regulation
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