243 Results from 2020, /payments
Peter Larsson Business Eeveloper - Europe at Tietoevry Banking
One year ago, I posted an article What’s next for Nordic payments? Rise of real-time that is cross Nordic border – the P27 initiative that now has become a de facto infrastructure with a real plan going forward. Even further, Lars Sjögren (CEO@P27) states that there is no plan B! In this work, there are multiple parallel streams to gain traction...
31 December 2020 /payments /wholesale SEPA and European Payments
Nazar Korshivskyi Legal Counsel at Solid
GDPR. I bet you may have heard this abbreviation previously. Two years in, this European data protection regulation has become well-known for its hefty fines, new obligations and a broad geographical scope not limited to the EU. But is the GDPR applied correctly? In practice to date, there are still lots of questions and pitfalls. One of the first...
23 December 2020 /payments /regulation Data Protection Act Issues
Akhil Rao Director at Nth Exception
The main reason to switch is that ISO 20022 payments messages carry much richer information than the redundant SWIFT MT messages and other legacy formats commonly used today. Also, the information in an ISO 20022 message can be grouped together based on common data components from different payment methods and can be further reused, resulting in i...
23 December 2020 /payments /retail Banking Strategy, Digital and Transformation
Cyril Lalo CEO at ellipse Inc.
Risk of over €100 billion in lost sales (1) Surge of CNP fraud in other regions of the world without SCA Focus on qualifying transactions within exemption categories Since 2015 Merchants and payment card Issuers have been grappling with the impact of proposed new regulations from the European Banking Authority (“EBA”). The latest release of regu
22 December 2020 /payments /regulation Dynamic Card Security Code, CNP & eCommerce Forum
Retired Member
Checks are one of the oldest methods of payment in the modern era, and although their use among consumers has declined significantly, businesses are another story. While they are less common in other parts of the world, North Americans often use checks for businesses expenses regularly. This is particularly true when payments must be made cross-bo...
22 December 2020 /payments /predictions Fintech
Nikunj Gundaniya Product manager at Digipay.guru
When the coronavirus pandemic hit the world, banks and finance companies rushed to make their transactions digital. All the countries started imposing lockdowns to protect their citizens. Due to this, businesses shifted to work from home mode. They have shifted their daily transactions to mobile apps and online portals. Banks and financial institu...
21 December 2020 /payments Banking Strategy, Digital and Transformation
Data is an increasingly important part of the payment industry. It is collected, analyzed, and used at various points during a payment transaction, and plays a vital role in making sure the payment reaches its intended destination. Data is also at the core of customer security and system innovations. The payments sector is fast evolving, we expec...
21 December 2020 /payments /retail Payments strategies 2015-2020-2030
Laurent Descout CEO at NEO Capital Markets
As we round off what has been a challenging and turbulent year, it is important to look back at the treasury industry changes that we experienced and the lessons and outcomes that we have learned. In this 2020 roundup, we take a look back at some of the most significant technology trends in the digitisation of the treasury industry and how they lo...
21 December 2020 /payments /cloud Treasury Management
Yaroslav Kuflinski AI/ML Observer at Iflexion
The modern business-to-business merchants are actively embracing online retail to step up their game. Relying on B2B portal development, they build solutions that bring together business customers from around the globe, supporting a convenient and personalized purchasing experience. On the downside, the shift to ecommerce aggravated the issue with ...
20 December 2020 /security /payments Digital Sales
The move from analogue to digital, already accelerated by Covid-19, will continue apace in 2021. The key factors driving this include: cultural change, growing regulation, cloud uptake and an increased appetite for innovation. Let’s consider the impact of each of these on payments and the priorities for banks in the year ahead as they seek to buil...
18 December 2020 /payments /predictions Payments strategies 2015-2020-2030
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