243 Results from 2020, /payments
Alessio Balduini CEO and Founder at Credit Data Research
The latest data from Bank of England projects a contraction of 14% of GDP on an annual basis with an astounding 25% contraction in Q2 alone. This could result in a loss of 15-20% - or up to a million - Small and Medium Enterprises. Needless to say, these are unprecedented and troubling figures. The graph below is unique as it is based on open bank...
14 May 2020 /payments /covid-19 Banking Strategy, Digital and Transformation
Retired Member
Now, more than ever, the disparity between the legacy systems still used by some traditional banks, and the newer systems used by challenger banks, is stark. It goes without saying that systems developed back in the 70’s were not designed for our modern world. Legacy systems are not adaptable. How could they be? Those who designed them had no idea...
13 May 2020 /payments Banking Architecture
When it comes to e-commerce, frictionless has been the name of the game for several years now. The rise of in-app purchases makes it clear — consumers want to stay within the channels they’re in, and they want purchases to be quick, easy and convenient. After all, more than half of consumers have made a purchase directly through a social media pla...
12 May 2020 /payments
Gerard Hergenroeder Retired IBMer and Banking Executive at Payments Shark
It has been awhile since I last posted a blog. I am sure everyone is thinkling about potential credit losses as a result of rising unemployment rates. In the U.S. it now over 15%. During the great mortgage recession in 2007 loan losses peaked at 10%. It took almost 10 years to get the loss rate below 5%. Just prior to the recesssion losses averaged...
08 May 2020 /payments /retail Futuristic Banking
Igor Tomych Founder/CEO at Dashdevs
The years of playing both sides of the fence and being torn between the online and offline worlds have been boiled down to a few months by the pandemic. Unfortunately, most businesses haven't been ready for this. Consequently, for offline conservatives and digital newbies, the current disruption turns into a real challenge. Setting up a fully digi...
07 May 2020 /payments /wholesale
The tug of war between legacy systems and more modern platforms continues, as the digitization of many medical practices and hospitals across the globe upends the status quo. While the transition to newer systems has been inevitable, many are facing an unprecedented upgrade within a short time span in order to support telehealth initiatives. As th...
06 May 2020 /payments /devops Payments strategies 2015-2020-2030
Digital payments are already here, whether we are ready for it or not. With every passing day, there are FinTech companies continually pushing the digital payment envelope. New ideas and services are created all the time. We also see nontraditional FinTech companies enter the digital payments space, examples are Facebook and Apple (just to name a ...
06 May 2020 /payments Banking Strategy, Digital and Transformation
Laura Francis Head of Brand and Marketing at Form3
What do a Fintech, a Tier1 bank and a non-bank PSP have in common? The committment and drive to make payments faster, easier and more cost effective for the global financial community. This includes non-banks. The possibility of collaboration between these parties was once thought impossible but today, by utilising close partnerships with Tier 1 b...
05 May 2020 /payments SEPA and European Payments
Chris Jones Managing Director at PSE Consulting
UK acquirers recognise their smaller business customers are facing an unprecedented set of challenges. “Whether you’re a business that has relied on face-to-face shops and you want help setting up a website, or you’re looking for advice on how to keep your business and its customers safe from fraudsters, we are here and ready to help,” commented R...
30 April 2020 /payments /covid-19
Uri Rivner CEO and Co-Founder at Refine Intelligence
If I had to pick one community that is definitely going to thrive during a global virus outbreak, it's online fraudsters. Check out these seven predictions about incoming cyber crime... An unprecedented global virus outbreak is just what the cyberfraudster ordered. Confusion, chaos, and abrupt changes in digital user behavior can help the sharp-min...
29 April 2020 /payments /crime Online Banking
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