362 Results from 2021, /payments
Retired Member
Low transfer fees, high security, rapid transactions, and new market opportunities are among the main benefits of using digital assets for business. Digital assets have virtually entered mainstream finance and are an incredible advancement in technology in their own right. Since the creation of Bitcoin in 2009, the digital asset ecosystem has grown...
10 November 2021 /payments /crypto Fintech
Victor Martin CMO at SquareRoot
Fintech, a term representing financial solutions empowered by modern technology, is now a multi-billion-dollar industry. Almost every major bank, financial organization and investment firm has a fintech presence. For most financial companies it is the mobile apps that remain at the forefront of the fintech revolution they take part in. While fin...
10 November 2021 /payments /startups Fintech
Jessica Bayley Head of Marketing at Acquired.com
Over 60 countries globally have open banking initiatives live or imminently planned. The legislation that enabled open banking in the UK came into place in January 2018 and currently 8% of digital customers are estimated to be using Open Banking in their daily lives – to put this into perspective 16% of people use Apple Pay and Google Pay which we...
09 November 2021 /payments Open Banking
Steve Morgan Banking Industry Market Lead at Pegasystems
ISO 20022 is coming. The new global messaging standard for payments systems is generally agreed to be a good thing for the banking industry – the Bank of England’s consultation on the plans showed respondents were “largely supportive”. Indeed, as the UK’s central bank notes, ISO 20022 is designed to create a globally consistent financial messagin...
09 November 2021 /payments /regulation The Payments Business
Covid ushering in the new way of payments With the pandemic having confined people within their homes, the e-commerce sector got a steroid boost. The US e-commerce market witnessed a 10-year growth in only three months beginning of 2020. And the acceleration in payment transformation leapt years ahead of pre-pandemic plans. After the era of globa...
08 November 2021 /payments /covid-19
Jose Pierre CEO at Marketware International, Inc.
Some of the technologies that are changing the payments industry. Blockchain: Pending some of the technological and regulatory hurdles blockchain has great potential. Distributed ledger technology allows for secure, cost-effective, and traceable movement of money. Also, for near-instant, transparent payments, removing complex fee structures. Bloc...
04 November 2021 /payments /retail Artificial Intelligence and Financial Services
Vladimir Pîntea VP of Engineering at Trovata
eIDAS certificates have an important role under PSD2. Their usage is mandatory for ensuring that data is kept secure and within trusted parties at all times. These certificates issued by QTSPs can be associated with passports with which TPPs identify themselves when onboarding with and accessing banks’ channels. While the eIDAS certificate is the ...
04 November 2021 /payments /regulation Open Banking
Sandro Salvoni Executive at Be Shaping the Future
Square acquires Afterpay for $29 billion. Scalapay's valuation rises to $700 million after the latest funding round. Upgrade will launch a Buy Now Pay Later (BNPL) solution during 2022. These are just a sample of relevant news posted on market in recent months under the BNPL “label”. Buying a good or service by installments has always been a possi...
04 November 2021 /payments /retail Innovation in Financial Services
Emily Oliveira Content Marketer at DCR Strategies Inc. | TruCash
Both businesses and customers are trading in their cash for new payment solutions. Cash use has declined in recent years due to its inconvenience and transferability of germs. In Canada, 57% of people use cash less often than in prior years, and the prepaid card market in the U.S. is expected to grow 6% each year until 2024. The pandemic has acce...
03 November 2021 /payments
As our world becomes more interconnected, so too does the need for banking systems to follow suit. In the past, businesses and individuals were often restricted to banking in a single country, but the rise of borderless banking is enabling both to benefit from greater financial freedoms. In this article, we will examine why this trend is so import...
03 November 2021 /payments /inclusion The future of Payments in Europe
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