Frictionless Payments

Frictionless Payments are becoming more and more common. They were firstly introduced by Braintree and adopted by Uber. Since then use cases became more complex, security requirements also got tougher but the user experience (UX) requirements remain unchanged. In fact UX is the main driver of Frictionless Payments. Let's discuss more about Frictionless Payments in this group and try to draw a future scenarios of their development and adoption.

Mahesh Pawal Portfolio Product Manager, Digital Transformation at Fiserv

When Digital Payments FAIL: Breaking Points | The Struggles of Trust and Infrastructure | PART 4

Embarking on a once-in-a-lifetime road trip through the vast expanse of Death Valley, you're filled with excitement and a sense of adventure. As you drive along the deserted stretches, a sign ominously declares, "NO GASOLINE STATION FOR THE NEXT 250 MILES.". You're now a little nervous about being so far from civilization. After all, the...

12 June 2023 /retail /wholesale

David Guiver Head of Transact and Infrastructure Products at IR

Optimising Payments - and the transition to ISO20022

Payment models are changing radically, creating both challenges and opportunities for financial institutions. New digital-only banks have accelerated innovation, while the pace of global change has created a new competitive landscape. UK financial institutions also face the additional pressures created by the need to migrate to new technology plat...

19 April 2023 /payments /regulation

Omar El-Gazzar FX Dealer at Crown Agent's Bank

The King Dollar: A cause for concern for Africa’s hard-to-reach markets

Whilst falling short of the heights seen in September 2022, the US dollar continues to reign supreme as the world’s preferred currency for international payments. As its dominance continues to impact cross border payments into and out of the Global South, the real impact on hard-to-reach markets needs to be addressed. On one hand, using the Dollar...

31 March 2023 /payments /inclusion

Pallava Nagulakonda Technology Head at Tata Consultancy Services

CBDCs for Cross-Border Freelancers: Faster, Cheaper, Seamless Payments on the horizon

There has been a significant increase in the cross-border freelancing segment, which grew by approximately 30% (to a size of fifty-nine million) during the pandemic. This rise as well as the shortage of skills led to countries creating favorable visa regimes and organizations embracing remote working arrangements. As per a popular freelancing plat...

15 March 2023 /payments /people

Luke Fossett Director, Australia and New Zealand Sales at GoCardless

The latest PayTo breakthrough is going to disrupt the way you take payments in Australia

Back in July, I predicted that finance leaders would start to see PayTo make a change in the way you take payments in six to 12 months. Almost exactly six months later, GoCardless has become the first international payments company to connect to the New Payments Platform and accept transactions via PayTo. PayTo is the new way for merchants and b...

23 December 2022 /payments /predictions

Stan Cowan 

Yes, It’s Possible—Frictionless Account Fraud Protection

Over the past few years, bank account fraud has become one of the largest threats against financial institutions (FIs). Just last year, there’s been over $52B in identity fraud losses affecting 42 million U.S. consumers. And this grew 79% y-o-y. Community banks and credit unions must find a way to balance methods of managing fraudulent activity wi...

27 November 2022 /payments /retail

Michel Roig President Payment and Access at Fingerprints

The trends accelerating Biometric Payment Card adoption

The growth of contactless biometric payment cards has gained even more momentum in 2022. With recent launches in Morocco, and more on the horizon, it is an exciting time for the technology. But what external factors are driving this trend and why should the payments industry take note? Mandates and mobiles Changes in payment technology have s

18 November 2022 /security /payments

Tom Greenwood Founder & CEO at Volt

“Thou shalt”: The European Commission mandates full uptake of instant payments in the EU and EEA

In a long-awaited and much-applauded regulatory move, the European Commission yesterday announced that providing instant payments is to become mandatory for banks across the European Union and EEA. Far from a regulatory or compliance burden, the new legislation sets the stage for a renewed wave of innovation and growth for Europe’s payments industr...

27 October 2022 /payments /predictions

Luke Fossett Director, Australia and New Zealand Sales at GoCardless

PayTo is here, but this is just the beginning: Here’s what the industry needs to know

A new payments system, PayTo, has just begun its rollout in Australia. Over the upcoming months, payment providers will be coming online, with all major banks committed to providing PayTo by March 2023. It’s important to remember that, although the introduction of PayTo is historic, there is still a lot to do behind the scenes before all of Austra...

04 July 2022 /payments /regulation

Brad Goodall CEO at BANKED

Account to Account: The Next Big Thing in Payment Options

Account to Account: The Next Big Thing in Payment Options While contactless payment took years to gain momentum, most people now cannot imagine life without it, and it accounts for over a quarter of all UK payments. Adoption takes time, but several “hygiene factors” make a new payment method more likely than others to become ingrained in daily lif...

27 June 2022 /payments