243 Results from 2020, /payments
Ron Delnevo Chair at UK Cash Supply Alliance
One of the aspects of the current Coronavirus Pandemic that makes my blood boil is the tendency of the advocates of particular payment methods to claim they are somehow safer for the public to use for in-person payments. Sometimes such claims are supported by "research" findings or even the words of a handy "academic", presumabl...
18 April 2020 /payments /covid-19 The Payments Business
Retired Member
The coronavirus pandemic has taught people to use QR codes in new and broader ways. This presents a great opportunity to shake up international payment systems with their wildly expensive commissions - and move to something better. QR codes are one of humankind’s brilliant inventions, and yet, they are still underestimated. In developed countries,...
17 April 2020 /payments /covid-19 Innovation in Financial Services
Lisette Anciaes Senior Account Director at TCA Group of Companies
Due to the recent events around the world, we are seeing more and more discussions around new payments methods from cheques and cash, to bitcoin and virtual payment cards. PYMNTS.COM “Paper Checks, COVID-19 and the Flaw With Analog Relief Payments”, March 18, 2020 https://www.pymnts.com/coronavirus/2020/paper-checks-covid-19-analog-relief-payments ...
16 April 2020 /payments /covid-19 Fintech
Laura Francis Head of Brand and Marketing at Form3
The concept of real-time payment processing both from an operational and cost advantage is big news yet only 36% of all electronic payments in the UK are now via the Faster Payments Service (FPS)1. One could argue that FPS has fundamentally changed the nature of payments, user experience and the real economy. But in reality, the race to real-time ...
14 April 2020 /payments Payments strategies 2015-2020-2030
Domenico Scaffidi Payments Industry Expert -CEO & Founder at DS Payments Ltd
SWIFT’s decision to delay migration of cross-border payments to ISO 20022 by 12 months has important strategic implications for the industry. With multiple market infrastructures moving to ISO 20022 on different schedules, and varying approaches to co-existence, financial institutions will need to redouble their focus on modernising their infrastr...
09 April 2020 /payments /wholesale Standards Forum
Felix Kronabetter Business Development Manager at RBR
The 13th edition of Merchant Payment Ecosystem (MPE) had a lucky break, being one of the last large‑scale conferences to take place before the COVID‑19 virus spread in earnest. The show took place from 18th to 20th February at Berlin’s Intercontinental Hotel, bringing together 1,200 attendees, including 280 merchants and 300 acquiring banks and PS...
09 April 2020 /payments /regulation 5G Payments Schemes and Strategies 2020 - 2035
Carlo R.W. De Meijer Owner and Economist at MIFSA
The European Banking Federation (EBF), the European Association of Co-operative Banks (EACB) and the European Savings and Retail Banking Group (ESBG) point out that the crisis has brought to the fore the importance of well-functioning payments services. The three groups have put together their vision for payments in the EU over the next five years...
08 April 2020 /payments Blockchain Observations
Eli Taranto Head of Global Business Development at EQIBank
Umberto Eco once wrote “Everything is repeated, in a circle. History is a master because it teaches us that it doesn't exist. It's the permutations that matter.” In addition to the effects on the supply and demand side, COVID-19 has jolted financial markets across the globe as oil, bond yields, and equity prices fall, and trillions of dollars, acr...
07 April 2020 /payments /covid-19 Banking Strategy, Digital and Transformation
Joris Lochy Product Manager at Intix | Co-founder at Capilever
In today’s design of (software) solutions, providing a frictionless user experience is (and should be) a top priority within every organization. While payments have already gone through a major evolutioneliminating much of the frictions (from cash payments to card payments up to contactless card payments and mobile payments), the entire checkout pr...
06 April 2020 /payments /retail Payments strategies 2015-2020-2030
Andy Schmidt VP & Global Industry Lead - Banking at CGI
On March 12th, the SWIFT board of directors quietly issued a huge announcement about the future direction of the business. An announcement that is probably the most significant since the business was formed back in the early 1970s. This bold new vision for SWIFT shows real global ambition, but is it the timing wrong? Just as the world ducks away ...
01 April 2020 /payments /covid-19
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