186 Results from 2017, /payments
Daniel Szmukler Director at EBA
At EBAday 2017, speakers and delegates discussed the many accelerating changes affecting the traditional payments landscape today. One of the topics that attracted the most interest was the prospect of instant payments becoming available at a large scale soon, both to customers within Europe and beyond. As real-time payment systems are proliferati...
11 September 2017 /payments EBAday
Retired Member
This September marks ten years since contactless cards were first introduced in the UK. Since 2007, contactless has represented a faster and more convenient way to pay. It has enhanced the consumer checkout experience – whether that’s buying tickets to the cinema, grabbing a coffee, or using a vending machine. A decade on from its introduction, th...
06 September 2017 /payments
In the Middle East, cash is the preferred method of transacting, however the region is edging toward a digital society. 36% of Middle East residents are digital shoppers and are expected to spend $19B2 online in 2017; with this spend figure rapidly growing to $34B in 2021. In the UAE and Saudi Arabia, nearly two thirds of the population has smartp...
31 August 2017 /payments
The regulatory gap in ecommerce payments is a pressing issue. Transaction Launderers are taking full advantage of the gaps in the current regulatory regime to funnel illicit ecommerce transactions into the payments ecosystem. Without proper controls, AML efforts are threatened by the influx of billions of dollars laundered through merchant accoun...
30 August 2017 /payments /regulation
The demands of today’s shopper can make a retailer’s head spin. They love shopping online, but are more likely to buy in-store, they hate queuing but won’t do anything about it. They see shopping as a social day out with friends, but they don’t want to chit-chat with sales associates. This is what we learned when we surveyed 2000 UK shoppers. ...
21 August 2017 /payments Payments strategies 2015-2020-2030
It is no secret that the PSD2 regulation will open up the playing field to Fintechs and to the creation of AISP’s (Account Information Service Providers) and PISP’s (Payment Information Service Providers). Banks will have to share account information from their clients while PISPs will be able to generate payments on behalf of an end user. While ...
21 August 2017 /payments SEPA and European Payments
It is staggering to write this down, but contactless in the UK is nearly ten! And it’s exciting that ‘tap and go’ payments are going from strength to strength. Since the introduction of contactless cards in September 2007, it has gradually become the payment method of choice for many, as society gradually moves away from cash. More than half of a...
21 August 2017 /payments Fintech
Stacey Small Business Development at The Glue
2018 is set to be a very interesting year - particularly if your role has anything to do with payments or data. The go live date for PSD2 is Saturday 13th January and GDPR a short five months later, on Friday 25th May. Both these high profile initiatives are being driven by the European Commission and the combined implications in terms of what nee...
20 August 2017 /payments Innovation in Financial Services
Rakesh Lakhani Executive Director at JPMorgan Chase
PSD2 introduces two measures amongst others that potentially contradict each other and may limit their ability to hit the goals they set out to achieve: Payment Initiation Service Providers (PISPs) PISPs may initiate a transaction on behalf of the customer directly from their bank account. These transactions will bypass card networks and therefor...
17 August 2017 /payments SEPA and European Payments
Throughout the year, there has been plenty of discussion around frictionless payments, and reducing complexity for both consumers and for merchants. So, are card payments getting simpler, or more complex? The answer seems to be… both. The processes and IT systems needed by a retailer to send card payments to a bank for authorization, and subsequent...
16 August 2017 /payments
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.