402 Results from 2024, /payments
John Bertrand MD at Tec 8 Limited
EU mandatory regulations for instant credit transfers within the Single Euro Payments Area (SEPA) are right on the money. The key requirement is verification of payee. Today this is absent in the UK, apart from ten mandated banks plus a few more. IBAN (International Bank Account number) is being supplemented to identify the actual owner of the ac...
21 February 2024 /payments /regulation Banking Strategy, Digital and Transformation
Helen Child Founder & CEO at Open Banking Excellence (OBE)
The opportunities that a truly global Open Banking ecosystem would create for businesses and consumers are almost limitless. The more interoperable the ecosystem is, the greater the possibilities are for innovation and growth to snowball as new ideas collide on the international stage. The potential market is huge. In the UK, the number of Open B...
21 February 2024 /payments Open Banking
Laurent Descout CEO at NEO Capital Markets
Earlier this month, members of the European Parliament (MEPs) voted to adopt a new set of rules that will ensure transferred funds arrive immediately in the bank accounts of retail customers and businesses across the EU. This follows the landmark provisional agreement reached by the Parliament and Council late last year and requires all payment s...
20 February 2024 /payments /startups The future of Payments in Europe
Anna Kuzmina Expert at Fintech
“We are a cash-free hotel. Payments can be made with the most common credit cards”. This was the message I received from the hotel in Stockholm when stepping onto the Viking land of Sweden. “We are cashless,” “We only accept card payment,” and “No cash” — these were the messages virtually everywhere I went in Stockholm. From the moment you land,
20 February 2024 /payments /markets Fintech
Paul Marcantonio Head of UK/Western Europe at Ecommpay
Card schemes were planning to increase fees, according to reports last autumn. Then the UK Payment Systems Regulator (PSR) announced in December 2023 provisional proposals to introduce a price cap for cross-border interchange fees. What’s the alternative? A perennial hot potato Many merchants and industry players feel that there’s a duopoly betwee...
19 February 2024 /payments /regulation
Brad Strock SVP, Group Executive, Payments at FIS
Card fraud has been around for almost as long as credit cards themselves. But since the U.S.’s first reported case in 1899,[1] fraudsters and their methods have become increasingly sophisticated and are constantly evolving. You’ll think you’ve heard it all. But if you’re a financial institution and a card issuer, there’s now more need than ever fo...
19 February 2024 /payments /crime Banking and Lending Solutions
Retired Member
Interoperability paves the way for innovation. A unified ticketing network with pooled resources can enable investment in technologies that would typically be beyond the means of a single operator. This investment can create operational efficiencies, drive new streams of revenue, and help safeguard key payments and passenger movement data. This he...
19 February 2024 /payments
By Arnaud Depaigne, Smart mobility Product Manager, and Taoufik Sakhi, Technical Advisory VP Deputy at Fime. Implementation is always one of the most challenging parts of any product roll out. From getting commuters to work every day, to giving people the means to travel to see friends and family, public transport is an integral aspect of people’s ...
16 February 2024 /payments
Donica Venter Marketing coordinator at Traderoot
As digital innovations reshape customer expectations around transactions, the payments ecosystem is set for a profound transformation in 2024. Speed, transparency, and integrated mobility characterise the next era of payment experiences – underpinned by ground-breaking developments in contactless technology. Based on emerging advancements within t...
16 February 2024 /payments /crypto Trends in Financial Services
1. Introduction It is no secret to many scholars and stakeholders in the banking industry that technology is quickly reshaping the sector. Indeed, technological advances have given rise to what today has come to be known as realtime payments. Essentially, realtime payments refer to electronic payments that are almost instantly settled once they ar...
15 February 2024 /payments /wholesale Payments strategies 2015-2020-2030
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