215 Results from 2019, /payments
Bob Lyddon Consultant at Lyddon Consulting Services
The Byzantine Empire is deemed to have emerged in 476 A.D., its being based on the residual Eastern Roman Empire at the point at which the Western one collapsed. The Byzantine Empire survived for nearly a thousand years, until brought to an end by the sack of Constantinople by the Ottomans in 1453. Pay.uk’s project to build a New Payments Architect...
09 February 2019 /payments Transaction Banking
Paul Dawson Researcher at NHS
My mum made me tidy the house regularly. (And I mean tidy.) One of my early initiations was my briefing on how to wash up. I was instructed - very carefully and precisely - on which pot, plate or pan to begin with, which implement to use, how to dry, which towel to use and which cupboard to store them in. All to be done in batches of ten. I was 7....
08 February 2019 /payments Electronic invoicing
Retired Member
Swift has announced a proof-of-concept trial to link distributed ledger-based trade networks to its payments network. The industry reaction concentrates, not on the functionality or advantages, but the implied acknowledgement that DLT/blockchain is now mature enough for mainstream use. That might be stretching it a bit: but the announcement is si...
08 February 2019 /payments SWIFT Matters
Pay.uk have issued their February 2019 NPA Programme Industry Newsletter, entitled “Enabling a vibrant UK economy”, NPA standing for New Payments Architecture. The title should have had “…in the 2030s” appended to it, since that is the timeline inferred by the newsletter’s content, if not by its form or wording. There is a beguiling diagramme, show...
07 February 2019 /payments Transaction Banking
Despite payment vendors continuing to develop strategies for omnichannel, it is still a moving target. But it is essential to get it right. The best vendors offer solutions that allow for a single cloud payment service that creates a single view of the customer across both stores and digital channels. Top retailers use these solutions to offer cust...
05 February 2019 /payments Digital Banking Trends
With an annual decline in cheque use of 7 percent across the nation, Payments Canada predicts that, by 2020, virtually every business and government office in Canada will have switched from cheques to electronic payments, including prepaid. Companies can eliminate issuing costs, reduce time investment, cheque fraud, cashing costs and more by switc...
04 February 2019 /payments
Once again cheques in the UK are facing their demise, this time as a consequence of their being excluded from the New Payments Architecture project, or "NPA". This time it will be a slow and lingering death over a 10-15 year period, as investment is channeled into other services and the cheque service withers on the vine. Ten years ago a ...
04 February 2019 /payments Transaction Banking
Consumers do not only compare how easy it is to make payments when buying goods with traditional providers, but also with other such as Amazon, PayPal and Google. As a result, they have expect payments to be easy, convenient, flexible, secure – in some cases they even want to be rewarded for making transactions. Customers will not stay loyal to th...
01 February 2019 /payments Banking Strategy, Digital and Transformation
If a cheque is stolen or lost, it can’t be easily replaced because it lacks the security features common on credit, debit, and prepaid cards. Cheques are highly susceptible to fraud and theft and cheque fraud is one of the most common forms of financial crime. Prepaid cards greatly reduce the security risks related to cash and cheque fraud. If y...
30 January 2019 /payments
Kevin Day CEO at HPD Software
Despite new technologies and processes aiming to help root out fraudulent activity, fraud continues to be a major issue for the asset-based finance (ABF) industry. Only last year UK-based invoice financing platform Urica was forced out of business by a one-off event occurring in France. For any financial institution lending money against invoices...
29 January 2019 /security /payments
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