Paige McNamee - Community Author: Finextra Research

The crucial role of seamless bills and payments processes to organisational success

While the benefits of fast payment processing for merchants and e-billers are well understood – the pressures of today’s payment landscape mean that the need for seamless billing and payment has never been more pronounced, regardless of whether payments are digital or paper-based. Firms are juggling the pressures to remain compliant with new regul...

29 April 2024 /payments

How many times has the ISO 20022 deadline been changed or delayed?

Paige McNamee

How many times has the ISO 20022 deadline been changed or delayed?

Following recent news that the European Payments Council (EPC) postponed the SEPA payment scheme's ISO 20022 migration by four months, it began to feel a little like groundhog day in the Finextra offices. In response, we decided to pull together all of the times since 2020 that we’ve seen delays to ISO 20022 migrations for payment schemes across t...

26 October 2023 /payments

SEPA Request to Pay has just 3 registered adherents, the EPC isn’t worried

Paige McNamee

SEPA Request to Pay has just 3 registered adherents, the EPC isn’t worried

Despite listing just 3 adherents as having registered as SEPA Request to Pay (SRTP) adherents (as of the 13th of October 2023), the European Payments Council (EPC) is unconcerned about the pace of uptake. To better understand the registration process and rate of registration, Finextra sat down with director general of the EPC, Giorgio Andreoli. Req...

25 October 2023 /payments

Fintech Sentiment: PSD3 and PSR1 welcomed by the fintech industry

Paige McNamee

Fintech Sentiment: PSD3 and PSR1 welcomed by the fintech industry

The European Commission’s long-awaited review into the current Payment Services Directive (PSD2) has landed, and with it, the establishment of a new Payment Services Regulation (PSR). Adopted seven years ago, the landscape in which PSD2 was first implemented has evolved and expanded significantly, in fact, the value of electronic payments reached €...

04 July 2023 /payments

Open (Banking) for Business: UK retail banks’ growth engine

Paige McNamee

Open (Banking) for Business: UK retail banks’ growth engine

2022 has seen a surge in dialogue surrounding the purported value or objective of Open Banking, and whether this has been realised in the UK. While the debate has stoked critical thinking around what we should hope to achieve through Open Banking, there persist large questions around the potential benefits that remain on the table – particularly f...

25 April 2022 /payments

P27 Update: What you need to know about the Nordics’ bold plans for payments

Paige McNamee

P27 Update: What you need to know about the Nordics’ bold plans for payments

P27 was created in 2018 with the lofty ambition of establishing a single pan-Nordic payment infrastructure for the region’s 27 million citizens. The payments infrastructure is set to be a world first – incorporating real-time, batch, domestic, and cross border payments to be carried out quickly and securely on a single platform. A joint initiative...

13 July 2021 /payments

EBAday 2021: Striving for strong instant payments uptake

Paige McNamee

EBAday 2021: Striving for strong instant payments uptake

At the heart of the European Commission’s Retail Payments Strategy lies the ambition to bolster progress toward instant payments, calling for a full uptake via SEPA Instant Credit Transfers (SCT Inst) by the end of 2021. More than 50 instant payment schemes currently exist around the world, and while the manner in which consumer payments leverage i...

19 March 2021 /payments

Paige McNamee

A new paradigm for capital markets

Yue Malan, senior analyst at Aite Group, recently wrote of the ‘new normal’ for capital markets: “The pandemic has impacted every aspect of the daily workflow for employees in capital markets firms. Today, a new wave of digital transformation will happen in capital markets firms.” From the perspective of Lisa O’ Connor, head of capital markets str...

25 January 2021 /payments

Plaid after Visa: Eyes on the open banking prize

Paige McNamee

Plaid after Visa: Eyes on the open banking prize

Keith Grose, head of Europe at Plaid, sat down to discuss the fallout from the great ‘would-have-been’ blockbuster acquisition of the fintech by Visa. When announced at the beginning of last year, Visa’s planned acquisition of Plaid for $5.3 billion was one of the largest in fintech during 2020. But when the Department of Justice filed a lawsuit on...

18 January 2021 /payments

Shaping the future of payments and securities through responsible innovation

Paige McNamee

Shaping the future of payments and securities through responsible innovation

For more than 40 years, SWIFT has collaborated with its network to identify industry-wide challenges and develop solutions for the benefit of the entire global financial system. Tom Zschach, Swift’s chief innovation officer, speaks to Finextra Research about how innovation remains central to the co-operative’s new strategy, and how state-of-the-ar...

14 December 2020 /payments

Strategic advantage lies in the journey, as much as the destination

Paige McNamee

Strategic advantage lies in the journey, as much as the destination

Covid-19 has exposed the status of banks’ digital transformation strategies. While the steps that banks have already taken are positive, they have not yet launched the next payments generation. However, if we look at the pandemic as a circuit breaker, Swift’s new strategy could turn the power back on and inject renewed energy into payments transfo...

23 November 2020 /payments

How to pronounce ISO 20022 - and other important migration details

Paige McNamee

How to pronounce ISO 20022 - and other important migration details

We’ve reached out to the experts to compile answers to the most asked questions across the topic of ISO 20022, in an attempt to help firms and the industry-at-large build on their awareness of the challenges and opportunities that lie ahead. 2020 was originally earmarked as the year for banks to plough ahead with their ISO 20022 migration, with the...

05 August 2020 /payments

Long reads