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Payments systems visions, strategies, trends, pilots, forecasting, and planning for the short-, medium-, and far-term.
As the owner, you will also give up ownership if you leave this group.
Jeremy Thomson-Cook Chief Economist & Head of Currency Strategy at WorldFirst
The payments industry has arguably been the focus of equally significant amounts of investment and speculation over the last few years. Even just a few years back, most people’s experiences of sending money overseas would be the low-value/high-cost remittance services available on the High Street or facing endless queues at their bank to fill in a ...
22 August 2018 /payments
Jared Ronski Co-founder at MerchACT
Chargebacks are an unfortunate fact of life for most merchants. They’re damaging and tedious, represent lost revenue, dent your reputation and can get you classified as a high risk merchant if you have too many. Many merchants don’t fully understand what a chargeback is, what they can do if they have one, and (most importantly) how to prevent the
15 August 2018 /payments
Bo Harald Chairman/Founding member, board member at Transmeri, Demos, Real Time Economy Program,MyData
Central bank statistics: Number of payments million times direct/card and bn €direct/bn €cards 2014: 56,9/8,6 million times, na/0,8 bn€ 2015: 65,6/7,3, 4,8bn/0,7 2016: 77,5/9,7, 5,4bn/0,8 2017: 88,2/17,1 (big increase in card trx - due to mobile?), 7,0bn€/1,0 Direct real time e-commerce payments started in mid-90s so the habit has deep roots.
29 July 2018
A population of 5,5m (and some tourists) produced the following ATM volumes: Million times/billion €s: 2014: 145,1 million times/14,4billion € 2015: 137,1m/13,9bn 2016: 124,3m/13,0bn 2017: NA yet m/12,1bn So the rate of decline of €s has doubled to 7% in 2017 compared to 2015. Serious cost savings for all. Shops are not refusing cash yet - unlike S...
29 July 2018 /payments
Digital payments are on the rise, and if you’re an ecommerce merchant, you’ll want to capitalize on this growth. But as this sector continues to become more popular, payment processing systems have the potential to become ever more complex. Between credit card companies, banks, retailers, and consumers, the payments processing landscape represent...
16 July 2018 /payments
Retired Member
The New Year already started and we have entered into the second half of the year, there is some crucial technology development which is going to waver the payments in the markets in the year 2018. B2B payment will turn digital The first will be B2B i.e. Business to Business payment. This is mainly accredited to the complicated nature of the paymen...
08 July 2018 /inclusion
In 2017, U.S. online retail experienced the largest year to year growth since 2011, and ecommerce represented 13 percent of total retail sales. Clearly, consumers like shopping online, and that trend is only expected to grow. And if you’re a startup, it’s absolutely vital your payment experience is user-friendly: 75 percent of startups fail, and t...
19 June 2018 /payments /startups
A continuous strive towards making payment faster and easier is embracing technology innovation, like never before, which at the same time is creating newer risk exposures for frauds and money laundering. Multi-dimensional initiatives around setting up new infrastructure (RTP in the US, NPP in AUS), building new services/channels (Zelle, fragmente...
17 June 2018 /ai /payments
Rolf Hauge CEO at Commercial Banking Applications (CBA)
As banks examine their readiness to deliver on the potential of new real-time payment schemes and meeting customer expectations for an ‘always-on’ service, it’s an ideal time to consider not only real-time payments, but also the full potential for real-time banking. Banking and payments are intrinsically linked – all banking activity (aside from m...
11 June 2018 /payments
The Internet of Things (IoT) – once a buzzword – is now becoming a reality. As we approach a staggering 31 billion connected devices worldwide within the next two years, retailers are wondering how to edge in on this new technology to increase revenues. Retailers that have already bought into this technology as a way to sell are enjoying a myriad...
14 May 2018 /ai /payments
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