215 Results from 2019, /payments
Craig Ramsey Head of Real-Time Payments at ACI Worldwide
Why is SWIFT gpi so key for cross-border payments? SWIFT gpi is not a one-off delivery or by any means static – it is the payments community pushing ahead and developing additional features on top of the interbank network. With SWIFT gpi now accounting for more than 50% of SWIFT payments traffic, access to thousands of banks globally and the abili...
07 March 2019 /payments
Retired Member
In my last article I highlighted the importance for any business handling payment security data to keep it adequately protected by adhering to PCI DSS standards. The consequences for those that do not comply with the regulations could be dire; including loss of consumer and supplier trust, but also a fine from regulators if a data breach occurs. O...
06 March 2019 /payments /regulation Banking Regulations
Marten Nelson Co-founder and CEO at M10
January 2019 marked a year since open banking came into play in Europe. While 2018 saw a steep learning curve for all involved, the next year will start to show serious, market-defining transformation. Will banks manage to capitalise on new ways to stay relevant in the digital era? As we head into the end of Q1, now is an ideal time to take stock...
06 March 2019 /payments Open Banking
Anthony Hynes Managing Director & CEO at eNett International
In January 2018, the process of surcharging – extra fees of up to 20% that businesses levied on card payments – was banned under the European Payment Services Directive (PSD2). The roll out of the new regulation has forced companies across all industries to absorb the additional cost from transactions or redirect the cost back to the consumer. Co...
05 March 2019 /payments /regulation
In 2018, the UK’s retail and hospitality sectors suffered a difficult year. This year, they will fight back. Fintech, and payments technology will improve customer experiences forming the cornerstone of retail’s renaissance. Retailers unlock the full potential of unified commerce: In the new payments world, unified commerce is king. Rather than a ...
04 March 2019 /payments Fintech
Anna Kuzmina Expert at Fintech
South Korea is one of the most peculiar countries. On one hand, Korea is really good with their products, brands, technology, innovation and distribution around the world. On the other — to the western eye local internet industry is weirdly lagging behind in some vital parts. For instance, when you browse Korean websites, it seems their design an
01 March 2019 /payments Fintech
Cheques cost more than you think. Processing costs, payment fraud, time delays, delayed funding, and high cheque-cashing costs can turn your financial situation into a nightmare. Cheque Processing Cheque processing is expensive! Cheques cost between $2.00 and $3.85 more to process than electronic payments. PaySavvy determined the total cost of i...
28 February 2019 /payments
Chris Jones Managing Director at PSE Consulting
There is growing interest in the acquirer and merchant community in the Transaction Risk Analysis (TRA) exemption for Strong Customer Authentication (SCA). The opportunity to exclude transactions up to €500 from SCA and place the merchant back in control of consumers’ check-out process is understandably attractive. What remains unclear, however, i...
27 February 2019 /payments Payments strategies 2015-2020-2030
Paul Marcantonio Head of UK/Western Europe at Ecommpay
Travel used to be rigid. You’d book your ticket, reserve a room, and follow the carefully arranged plan of your travel agent. But in 2019, a younger and more independent generation of travellers is demanding a kind of travel that’s as flexible as they are. Millennials increasingly want a brand of adventure that they can adapt to fit them, rather th...
27 February 2019 /payments Fintech
The overall market for prepaid cards is exploding, however, when it comes to payments and settlements, many insurance companies are still living in the past. Paper cheques are still the most common form of payment for claims--61 percent of insurance firms still issue paper cheques for claims disbursements--but they bring a whole set of problems an...
26 February 2019 /payments
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