Payments - Long Reads, News, Articles & Research: Finextra

Open (Banking) for Business: UK retail banks’ growth engine

2022 has seen a surge in dialogue surrounding the purported value or objective of Open Banking, and whether this has been realised in the UK. While the debate has stoked critical thinking around what we should hope to achieve through Open Banking, there persist large questions around the potential benefits that remain on the table – particularly f...

25 April 2022 /payments

M-Commerce is booming - is your mobile app as secure as you think?

Hubert Rachwalski CEO at Nethone

M-Commerce is booming - is your mobile app as secure as you think?

When performing tasks, payments, transactions and generally browsing the internet on a desktop, we are often reminded to keep our guard up against possible threats. Viruses, malware and a whole host of cyberattacks can lead to system breaches and financial losses. It can be daunting keeping track of and preventing all online risks, but do individu...

21 April 2022 /payments

How do payment gateways provide a portal for unlimited scalability?

Jamel Derdour CMO at Transact365 / Nucleus365

How do payment gateways provide a portal for unlimited scalability?

By providing seamless payment-making between merchants and consumers, payment gateways have been some of the instigators of the boom of e-commerce for large and mid-cap companies. Gateways offer a simpler, safer, and more dependable way to make local and cross-border international payment transactions, acting as the mediator between provider and r...

12 April 2022 /payments

The future of digital banking in Asia: the ascent and impact of digital payments

Hamish Monk Reporter at Finextra

The future of digital banking in Asia: the ascent and impact of digital payments

Banks of the Asian region enjoy a particular advantage when it comes to digital payments. As a result of customers’ familiarity with app-based services, uptake is likely to remain strong in the coming years. This is an extract from Finextra's The Future of Digital Banking in Asia 2022 report. Sanjeev Jain, Citi’s Asia Pacific payments and receivabl...

11 January 2022 /payments

The fintech sentiment: Revealing the impact of the Amazon Visa payments news

Níamh Curran Senior Reporter at Finextra

The fintech sentiment: Revealing the impact of the Amazon Visa payments news

Last week, Amazon announced its intention to stop accepting Visa credit card payments in the UK, citing high cost as the core reason. Visa debit cards are exempt from the move. As it stands, this will become effective from the 19th January, although there is some speculation that Visa may yield given the size of Amazon. Prior to Brexit, UK merchan...

02 December 2021 /payments

The future of ecommerce payments: 4 reasons why open banking is ready to challenge card dominance

Jack Wilson Head of Policy at TrueLayer

The future of ecommerce payments: 4 reasons why open banking is ready to challenge card dominance

One of the key motivations behind open banking has always been to enable the growth of alternative payment methods to cards. Policy drivers, industry development and innovation have all worked together to deliver that in the form of open banking payments. This, combined with the continuing growth of online retail sales, and the problems caused by...

10 September 2021 /payments

Resuming a cross-border life: bringing your bank along for the journey

Marco Mottadelli Head of Global Brokerage at Fineco Bank

Resuming a cross-border life: bringing your bank along for the journey

Despite the new threat posed by the spread of the delta variant, more people travelled to and inside the European Union during the last two months than any post-pandemic period. We are slowly, sometimes fitfully, shifting away from the local and hyper-local way of living our lives towards something approaching the cosmopolitan and international ap...

31 August 2021 /payments

Curbing the cost of payment failures with straight through processing

Hamish Monk Reporter at Finextra

Curbing the cost of payment failures with straight through processing

Automating high volumes of transactions across different geographies and jurisdictions is yet to be a seamless process. In fact, failed payments remain a common challenge for the industry. A recent research study by Accuity, ‘The True Cost of Failed Payments’, estimated that in 2020, failed payments costed the global economy $118.5 billion. Agains...

20 August 2021 /payments

How AI is powering the future of financial services

Kevin Levitt Global Business Development, Financial Services at NVIDIA

How AI is powering the future of financial services

Financial institutions are using AI-powered solutions to unlock revenue growth opportunities, minimise operating expenses, and automate manually intensive processes. Many in the financial services industry believe strongly in the potential of AI. A recent survey by NVIDIA of financial services professionals showed 83% of respondents agreeing that ...

16 July 2021 /payments

P27 Update: What you need to know about the Nordics’ bold plans for payments

Paige McNamee

P27 Update: What you need to know about the Nordics’ bold plans for payments

P27 was created in 2018 with the lofty ambition of establishing a single pan-Nordic payment infrastructure for the region’s 27 million citizens. The payments infrastructure is set to be a world first – incorporating real-time, batch, domestic, and cross border payments to be carried out quickly and securely on a single platform. A joint initiative...

13 July 2021 /payments

Shifting payments paradigms: Making instant cross border payments work for corporates

Jon Levine Co-Head of Institutional Banking at Banking Circle

Shifting payments paradigms: Making instant cross border payments work for corporates

Adoption of new instant payment schemes has so far been largely retail driven. But there are benefits on the horizon for corporates. This is an article from Finextra's Research report 'The Future of Payments 2021,' available for download here. Most countries are developing or have already launched new schemes to provide real-time payments. For exa...

01 July 2021 /payments

The future of payments: Meeting instant expectations

Madhvi Sonia Head of Content at Finextra

The future of payments: Meeting instant expectations

Digital transformation continues to alter traditional business models across several industries such as retail, transport, and travel, to name a few. While the financial services industry is yet to experience a sea change of equal measure, a number of payments processes and business banking touchpoints are indeed undergoing transformation. This is...

21 June 2021 /payments

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