402 Results from 2024, /payments
Retired Member
1. Introduction Today, real-time payments are being revolutionized by Artificial Intelligence. This is a significant change for the better, because previous ways of making payments have been increasingly problematic. Fraud has been a rising issue in recent years, as current fraud detection methods focus on finding known threats and identifying tre...
15 February 2024 /payments /wholesale Payments strategies 2015-2020-2030
Thomas Warsop President & Chief Executive Officer at ACI Worldwide
Since completing his acquisition of Twitter, now X, in October 2022, Elon Musk has been vocal about his desire to transform the platform into a real-time payments powerhouse. In an all-staff meeting back in October 2023, he highlighted his ambition to enable X users to “send money anywhere in the world instantly and in real-time.” The launch of w...
15 February 2024 /payments
In an increasingly interconnected global economy, cross-border payments play a crucial role in facilitating international trade, commerce, and financial transactions. However, traditional cross-border payment systems have long been plagued by inefficiencies, high costs, and lengthy processing times. In recent years, technological advancements and ...
15 February 2024 /payments /wholesale Banking Architecture
Sergiy Fitsak Managing Director, Fintech Expert at Softjourn
The prepaid card sector stands at a dynamic crossroads, marked by fierce competition and expansive growth. As we delve into 2024, several pivotal trends are shaping the future of prepaid cards, from gig economy dynamics to millennial spending habits, the surge in virtual card usage, the popularity of eGift cards, and the innovative approach of pre...
14 February 2024 /payments /retail Banking Strategy, Digital and Transformation
Ed Woodfield CISO at PayQuicker
The real-time payments industry is evolving and expanding. Today, real-time payments reach 65% of demand deposit accounts, and they are increasingly faster and more reliable. In the next five years, 99% of corporations generating more than $1 billion in revenue will use real-time payments. The news is exciting for the industry, but as adoption of ...
14 February 2024 /payments /crime
Max Koretskiy Investor, Cо-Founder at Blackshield Capital Group
The current model of the global economy functions in such a way that global capital is constantly growing. This is influenced by many factors, including globalization, technological progress, the development of financial markets, as well as population growth and increasing the level of people's income. Additionally, the policies of many Central ba...
14 February 2024 /payments /wealth Fintech
Ravi Vasantraj Senior Vice President and Global Head at Mphasis
Organizations are embarking on a transformative journey integrating Artificial Intelligence (AI) to elevate service delivery. Projections indicate that global IT spending will reach USD 5.1 trillion in 2024, signifying an 8 percent increase from the last year. Although generative AI hasn't yet made a substantial impact on IT spending, Gartner pre...
14 February 2024 /payments /markets Banking Strategy, Digital and Transformation
Arnaud Crouzet Vice President Security & Consulting at FIME
Instant payments allow users to transfer funds in a matter of seconds. The convenience and transparency that this allows businesses to provide has led to growing adoption as users demand a seamless payment experience. 75% of small and medium-sized businesses that use a platform or marketplace to run their business have voiced their desire for same...
13 February 2024 /payments
Abhinav Paliwal CEO at PayNet Systems- A Neo Banking Software Platform
In an era of rapid technological innovation, the landscape of payment authorization is changing. The Reserve Bank of India (RBI) recently highlighted the necessity to look at alternatives to One-Time Passwords (OTPs) for protecting digital transactions. The call for development offers an array of options, offering both increased security and a bet...
13 February 2024 /payments /regulation Finextra site news
The emergence of Variable Recurring Payments (VRPs) marks a significant milestone in the realm of open banking payments. These innovations are not only elevating security standards but also enhancing user experiences, granting consumers more authority over their transactions, and providing businesses with quicker, more cost-effective, and reliable...
09 February 2024 /payments /inclusion Open Banking
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