243 Results from 2020, /payments
Retired Member
The recent much publicised twitter hack is another example why for the CIOs and CTOs of banks and PSPs, fraud and security are ever-present concerns in the back of their mind. Protecting both their own organisations and their merchants from the threat of cybercrime is a truly business-critical challenge – and one in which the stakes are always ch...
24 July 2020 /payments The Payments Business
Lisette Anciaes Senior Account Director at TCA Group of Companies
In light of the recent worldwide pandemic, industries are quickly changing the way payments are received and distributed. It is no longer considered safe to pay or receive pay with cash or cheques as this is perceived as another way to transfer the deadly virus. This should be especially considered in delivering University and College per diem pay...
23 July 2020 /payments /people Digital Banking Trends
Simon Wilson MD, Transaction Automation at valanticFSA
What’s next for banks in this strange new world we find ourselves in? Forget the forecasts and predictions, we are in uncharted territory and the honest answer is that no one truly knows exactly what is coming down the line. But what we do know is that accelerating payments transformation initiatives to be more cost effective, resilient, innovative...
23 July 2020 /payments /covid-19 Banking Strategy, Digital and Transformation
Pierre-Antoine Dusoulier Founder and CEO at iBanFirst
Increases in fraud during COVID-19 The upsurge in online fraud attempts during the COVID-19 lockdown is part of a long-term upward trend, internationally, observed in all sectors. According to PWC, 47% of businesses worldwide have been victims of fraud in the past 24 months. Action Fraud, the UK’s National Fraud and Cybercrime Reporting Centre has...
21 July 2020 /payments The Payments Business
Kristen Jason Senior Product Marketing Manager at Alacriti
COVID-19, a.k.a. Novel Coronavirus, is impacting almost every aspect of our lives. For billers, social distancing, shelter-in-place orders, and mounting layoffs are significantly impacting their businesses and their customers. Now, more urgently than ever before, it’s time for billers to rethink how to make the process of paying safe, convenient
20 July 2020 /payments /covid-19
Retailers have been wrestling for months with the effects of COVID-19 — scattered workforces required to work from home, closed brick-and-mortar stores, dramatic spikes in online sales. And now, as they begin to reopen their physical stores, they are faced with another major disruption — the need to be ready for full enforcement of PSD2 and its st...
20 July 2020 /payments /regulation Payments strategies 2015-2020-2030
According to an April study published by the Bank for International Settlements (BIS), in fear of transmitting COVID-19 via cash, people are increasingly looking into cashless payments. With a sudden increase in consumer demands for cashless payments, the pandemic can accelerate the worldwide transition to digital payments while serving as a cataly...
20 July 2020 /payments /crypto UK Faster Payments
Andrew Beatty Head of Wealth, Retirement & International at FIS
There is no more business as usual. Even before the sweeping changes brought about by the pandemic, global banking and payments were already experiencing unmatched upheaval – and that pace of change is now accelerating. Digitalization redefines what’s possible in the banking industry. On the supply side, boundaries between channels and services ar...
16 July 2020 /payments /retail Banking Strategy, Digital and Transformation
Purchasing items on social media is a growing international trend with huge potential. During the COVID-19 crisis, 42% of people in an international Global Web Index survey reported spending a greater amount of time on the likes of Facebook and Instagram. And with social distancing continuing for months, that trend is likely to continue. Accordin...
16 July 2020 /security /payments The future of Payments in Europe
Nikhita Hyett Managing Director - Europe at BlueSnap
The retail and ecommerce industry has already seen a number of significant unexpected events to contend with in 2020. The effects from the unplanned outage caused by Wirecard’s issues can be added to a growing list of unwelcome surprises this year, which have put huge pressure on retailers from both a financial and a technical perspective. For any...
16 July 2020 /payments /regulation
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