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Though it may seem like everything in the payments space is geared towards boosting conversion, i.e. the amount of times a potential customers completes the intended action of clicking “buy” – and thi...
As the world moves towards a more global way of doing business, banks and financial institutions need the capability to move money around efficiently, transparently and in a cost effective manner and ...
At the end of October, a Treasury Committee report in the UK said the frequency of online banking crashes and customer disruption had become unacceptable. Steve Baker, the Treasury Committee’s lead me...
Although the Christmas shopping season starts earlier every year, the transaction frenzy really begins with the sales juggernaut of Black Friday and Cyber Monday. According to an Adobe Analytics surv...
For commercial banks, a nagging issue is how to improve cross border payments. Compared to domestic payments they are more expensive, cumbersome and take longer to carry out. But despite banking techn...
The payments industry is seeing a massive global surge in the implementation or modernisation of Immediate Payment systems. These systems challenge the status quo, and when used effectively create rea...
Last year, $328 billion was transferred via digital, peer-to-peer faster payment options PayPal, Venmo and Zelle. As our culture becomes more on-demand, these payment methods are exploding in popular...
Immediate Payments, Real-Time Payments, Faster Payments – wherever you are in the world you probably have a term for it, but whatever that is, Real-Time Payments (RTP) is probably spreading faster tha...
About 3% of the money supply in the UK is made up of physical notes, the rest is electronic money held on computer systems. Globally, about 8% of the world’s money is cash, 92% is electronic.* With th...
At the end of this month, an army of ghosts, ghouls, witches and goblins will roam the streets in search of candy. As terrifying as these hungry souls may be, a more ghastly monster -- in search of so...
SWIFT payments and related messages are changing to ISO 20022 standard in the coming three years and these changes will be market mandatory over the medium term. At this point the key action item is ...
Strong Customer Authentication Across the European Union (EU) the original revised Payment Services Directive (PSD2) Strong Customer Authentication (SCA) final implementation date of 14th September 20...