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Expectation, standardisation and automation: Seizing the initiative in real-time payments
Jamie Crawley

Jamie Crawley

Expectation, standardisation and automation: Seizing the initiative in real-time payments

Real-time payments are likely to not only expedite the movement of money, but also heighten the expectations of consumers and corporates. Financial institutions need to address other aspects of the payments system to ensure that instant payments are supported by improved user experience throughout the cycle. The Covid-19 pandemic is likely to have...

/payments

Apples and oranges: What makes Pay.UK and EBA Clearing’s R2P models so different?
Paige McNamee

Paige McNamee

Apples and oranges: What makes Pay.UK and EBA Clearing’s R2P models so different?

Is there more than one way to skin a cat? A peek under the hood of Pay.UK’s and EBA Clearing’s respective Request-to-Pay models shows that indeed there is. Request to Pay has widely been touted as the missing piece of the instant payment puzzle. At its core, Request to Pay is the idea of pushing transaction details from a payee to a payer’s device ...

/payments

There is more to digital payments in Africa than M-Pesa
Madhvi Sonia

Madhvi Sonia Head of Content at Finextra

There is more to digital payments in Africa than M-Pesa

In 2010, Kenyan payments, money transfer and micro-financing service M-Pesa became the most successful mobile phone based financial service in the developing world, just three years after the launch by network operators Vodafone and Safaricom. Since then, while other developing markets such as the APAC and LATAM regions have dominated headlines, t...

/payments

What are the implications of digital transformation on payments?
Madhvi Sonia

Madhvi Sonia Head of Content at Finextra

What are the implications of digital transformation on payments?

Financial institutions have been forced to step up their game in order to keep up with consumer demand and push out several different products and services, leveraging emerging technologies, to provide customers with choice. Today, retail customers can deposit cheques, transfer funds and apply for loans from their mobile devices, signifying that w...

/payments

Request to Pay: What does it mean for instant payments?
Paige McNamee

Paige McNamee

Request to Pay: What does it mean for instant payments?

The introduction of Request to Pay (R2P) services this year is poised to play a starring role in the broader transformation of the UK and EU’s payments landscape. Reduction of costs, fraud and chargebacks alongside the delivery of better transaction data are the obvious improvements, yet, it is the potential that R2P holds to act as a catalyst for ...

/payments

A short guide to the ISO 20022 implementation: 2020 update
Paige McNamee

Paige McNamee

A short guide to the ISO 20022 implementation: 2020 update

As financial institutions recognise the scale of the impending ISO 20022 migration deadline, implementation strategies are being re-calibrated to incorporate risks, challenges and opportunities of the industry-wide transformation. Key dates: November 2021 ISO 20022 messages to go live on Swift.Between 2021 and 2025 a four year ‘coexistence period’...

/payments

The future of B2B payments
Andrew Smith

Andrew Smith Founding CTO at RTGS & ClearBank

The future of B2B payments

When looking to the future of something like B2B payments, it is best to focus on just one aspect and from that, you start to see a numerous other areas of change coming into focus. You don’t have to look to far ahead to identify one very clear trend and driver in the payment’s world, and that is an ever increasing drive towards real-time payments...

/payments

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