Payments - Long Reads, News, Articles & Research: Finextra

The fintech sentiment: Revealing the impact of the Amazon Visa payments news

Last week, Amazon announced its intention to stop accepting Visa credit card payments in the UK, citing high cost as the core reason. Visa debit cards are exempt from the move. As it stands, this will become effective from the 19th January, although there is some speculation that Visa may yield given the size of Amazon. Prior to Brexit, UK merchan...

02 December 2021 /payments

The future of ecommerce payments: 4 reasons why open banking is ready to challenge card dominance

Jack Wilson Head of Policy at TrueLayer

The future of ecommerce payments: 4 reasons why open banking is ready to challenge card dominance

One of the key motivations behind open banking has always been to enable the growth of alternative payment methods to cards. Policy drivers, industry development and innovation have all worked together to deliver that in the form of open banking payments. This, combined with the continuing growth of online retail sales, and the problems caused by...

10 September 2021 /payments

Resuming a cross-border life: bringing your bank along for the journey

Marco Mottadelli Head of Global Brokerage at Fineco Bank

Resuming a cross-border life: bringing your bank along for the journey

Despite the new threat posed by the spread of the delta variant, more people travelled to and inside the European Union during the last two months than any post-pandemic period. We are slowly, sometimes fitfully, shifting away from the local and hyper-local way of living our lives towards something approaching the cosmopolitan and international ap...

31 August 2021 /payments

Curbing the cost of payment failures with straight through processing

Hamish Monk Senior Reporter at Finextra

Curbing the cost of payment failures with straight through processing

Automating high volumes of transactions across different geographies and jurisdictions is yet to be a seamless process. In fact, failed payments remain a common challenge for the industry. A recent research study by Accuity, ‘The True Cost of Failed Payments’, estimated that in 2020, failed payments costed the global economy $118.5 billion. Agains...

20 August 2021 /payments

How AI is powering the future of financial services

Kevin Levitt Global Business Development, Financial Services at NVIDIA

How AI is powering the future of financial services

Financial institutions are using AI-powered solutions to unlock revenue growth opportunities, minimise operating expenses, and automate manually intensive processes. Many in the financial services industry believe strongly in the potential of AI. A recent survey by NVIDIA of financial services professionals showed 83% of respondents agreeing that ...

16 July 2021 /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

Shifting payments paradigms: Making instant cross border payments work for corporates

Jon Levine Co-Head of Institutional Banking at Banking Circle

Shifting payments paradigms: Making instant cross border payments work for corporates

Adoption of new instant payment schemes has so far been largely retail driven. But there are benefits on the horizon for corporates. This is an article from Finextra's Research report 'The Future of Payments 2021,' available for download here. Most countries are developing or have already launched new schemes to provide real-time payments. For exa...

01 July 2021 /payments

The future of payments: Meeting instant expectations

Madhvi Sonia Head of Content at Finextra

The future of payments: Meeting instant expectations

Digital transformation continues to alter traditional business models across several industries such as retail, transport, and travel, to name a few. While the financial services industry is yet to experience a sea change of equal measure, a number of payments processes and business banking touchpoints are indeed undergoing transformation. This is...

21 June 2021 /payments

Bridging the digital gulf between billers and payers

Vitalie Robu President, EMEA at Exela Technologies

Bridging the digital gulf between billers and payers

When it comes to monthly financial planning, paying bills takes up a huge portion of the pie for an average household. Digital payments across the world are on a growth trajectory but a large percentage of payments across countries still rely on legacy billing processes. It can be said that for many billers 70% of the bill payment process is elect...

08 June 2021 /payments

Our online world is now defined by community and connection

Paul Trueman SVP Product Advancement, Cyber & Intelligence at Mastercard

Our online world is now defined by community and connection

The digital revolution has generally arrived gradually, over years and decades. We’ve come a long way from the 90s’ view of the internet as the domain of techno-tribes. In 2019, conventional wisdom dictated that some interactions only really worked 'in real life'. Digital was a poor substitute for in-person. In many ways, that 2019 perspective now...

06 May 2021 /payments

The trends driving digitalisation in corporate banking

Sebastian Zawada

The trends driving digitalisation in corporate banking

The intensifying competition from non-bank platforms and the commoditisation of products, as well as the ability to onboard, connect, and deliver new and existing services to corporate customers digitally is becoming paramount. Further to this, with the ever evolving and increasingly global needs of their corporate customers, banks now face a dive...

04 May 2021 /payments

Embracing digital solutions to confine late payments to history

Retired Member

Embracing digital solutions to confine late payments to history

The coronavirus pandemic has affected businesses of all sizes, across a range of sectors. However, SMEs have been particularly hard hit when it comes to the issue of late payments. According to the UK Government, currently, £23.4bn worth of late invoices are owed to firms across Britain, which it states is hindering businesses’ cash flow and their...

30 April 2021 /payments

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