243 Results from 2020, /payments
Retired Member
Innovation and technology usually go hand in hand. Therefore, for innovation to be fully realized, the technology that enables the innovation must be adopted as well. During the last 5 years, we have had innovations from Google, Apple, Facebook and Amazon, that include Mobile Banking, Payment Gateways, Mobile Wallets and Real-Time Payments appli...
01 April 2020 /payments /retail Digital Banking Trends
Richard Warren Partner at FirstPartner
In a statement released on 25th March, the European Banking Authority (EBA) has confirmed that, for the moment, the December 31st 2020 enforcement deadline for PSD2 Strong Customer Authentication (SCA) remains in place. This is despite the universal disruption caused by the COVID-19 pandemic. The confirmation comes at the end of a wider set of re...
31 March 2020 /payments /regulation
When most people think about the term “Bank” they probably envision a retail branch with long queues, behind a rope waiting to seek the services of a teller or branch representative. Well those days are becoming more and more obsolete, as Gen Y and Millennials are seeking convenient, innovative, digital means of banking. Banks need to elevate the...
31 March 2020 /payments Open Banking
Just over ten years ago, in 2009, Jack Dorsey of Twitter fame launched Square, changing the PoS industry as it existed. Square used a simple magnetic-stripe card-reading dongle that plugged into the headphone jack of smartphones, enabling them to accept standard card payments. Hailed as a transaction democratizer, it gained significant publicity ...
30 March 2020 /security /payments Fintech
Uri Rivner CEO and Co-Founder at Refine Intelligence
As the Coronavirus outbreak spreads globally, users are beginning to change their digital behaviors. One emerging trend, not surprisingly, is an increase in the use of Remote Access. Criminals consider RATs - Remote Access Tools - as the perfect cloaking device: it allows them to operate from within the user’s trusted device, gain access from the u...
26 March 2020 /payments /crime Online Banking
Throughout the week, steady low level activity has been visible regarding digital currencies globally. It's only Tuesday, but the cross-border public policy arena has suddenly become much more welcoming to cryptocurrency and, particularly, stablecoin issuers. We saw a similar shift in Greece during the crisis years (before crypto was a thing): g...
25 March 2020 /payments /crypto Digital Asset Class (DAC)
Paul Shumsky CEO & Founder at @Finpace.tech
The coronavirus is expected to fundamentally change the way customers interact with their banks, retailers and other service providers – and fintech businesses, which were built to operate in a fast-moving, digital-first economy, are particularly well-placed to meet their demands through the crisis and beyond. Since the onset of the virus, busines...
22 March 2020 /payments /retail Innovation in Financial Services
Not too long ago, payment methods were limited. Now, the constant increase in choices leads consumers to change habits quickly. The payment options travel companies offer their customers can be a major differentiator. If a traveler discovers an OTA or supplier doesn’t accept their preferred method, they may shop elsewhere. Deloitte’s Payment Trend...
22 March 2020 /payments /people Payments strategies 2015-2020-2030
Rajiv Desai SVP - US Operations at Pelican
The ISO 20022 messaging standard will enable rapid payments processing and global settlement, with interoperability across many payments infrastructures. As we move closer to the migration deadline across various jurisdictions and regions, the technology challenges for managing the messaging format migration are becoming increasingly clear. As or...
18 March 2020 /payments /regulation SWIFT Matters
Peter Davidson Business Consultant at Self Employed
The Coronavirus pandemic is already seeing many tech firms direct their employees to work from home. Alphabet Inc. (NASDAQ:GOOGL), Amazon.com. Inc (NASDAQ:AMZN), Twitter Inc, (NYSE:TWTR), and Facebook Inc.(NASDAQ:FB) are some of the tech firms that have recommended or mandated working from home. Improvements in communication and collaboration wo...
18 March 2020 /payments The Payments Business
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