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Payments systems visions, strategies, trends, pilots, forecasting, and planning for the short-, medium-, and far-term.
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Rowan Brewer CEO at Paymentology
Financial Institutions (FIs) have found themselves in the spotlight once again as inflation continues to rise and many global economies are on the brink of recession. Central banks are doing what they can to tackle inflation through interest rate rises, but it's retail banks and fintech service providers that are on the front line of this cost-of-...
29 November 2022 /payments /inclusion
Glen Foster Managing Director UK and Northern Europe at Libeo
Amid economic turmoil, including a rise in corporation tax for 2023, late payments are on the rise significantly impacting business survivability. According to an FSB study, one in three business owners had an increase in late payments of invoices over the last year. Late payments can be the result of complex payment approval processes and cash f...
28 November 2022 /payments
Jamel Derdour CMO at Transact365 / Nucleus365
Alternative finance (alt-fi) has steadily grown as a viable payment method in the e-commerce ecosystem. According to a report from Cambridge Judge Business School, in 2020, online global alt-fi volume amounted to $114 billion. When looking at the market as a whole in 2022, the valuation of alt-fi digital assets reaches $1.05 trillion. Emerging o...
21 November 2022 /payments /markets
Retired Member
The European Commission’s draft EU law to regulate instant payment (IP) services has arrived. It’s a development we’ve all been expecting, yet earlier than planned. The intervention and early publication stresses to the industry just how important the Commission views the need for ubiquity in payments pan-EU. Despite its many attempts to nudge and...
17 November 2022 /payments /regulation
Gian Mahil Director at The FinTechGuys
Pay-by-Bank solutions are suddenly the fashion in the payments world. Solutions are available from HSBC, JP Morgan, Barclays, JP Morgan, Mastercard and World Pay to name a few. How do they work and do they help or hinder fraud? They promise convenience at the point of sale. But, what about fraud? Do they help combat that? Billers whose consumers a...
17 November 2022 /retail /crime
Tim Annis UK Managing Director at Bluechain
In the last two years, there has been a considerable change in payments. The rapid digital transformation that Covid caused across all industries has been particularly evident in payments as supporting new ways to engage with their customers became an urgent need. Over 23 million people in the UK alone have stopped using coins, a third of transact...
15 November 2022 /payments
September 2022 will be remembered as an era of profound change for the UK. At the beginning of the month, Liz Truss was officially appointed the UK’s prime minister, who is now responsible for leading the country through somewhat precarious economic times. A cabinet reshuffle immediately followed, signifying the beginning of a new government that ...
28 September 2022 /payments /crime
The volume and efficiency of cross-border payments have increased considerably over the past decade. Figures from Statista show that, in 2018, $124 trillion US dollars in cross-border payments were made. In 2022, that had risen to $150.7 trillion. Based on these transaction figures, it is projected that the volume of cross-border payments will con...
22 September 2022 /payments /markets
Jagdish Udayakumar Senior Product Manager at FIS
There are more chances that you might have faced with that famous question when you stand in front of a supermarket till for making a payment - Cash or Card? well, there is going to be a possible 3rd option soon which I believe will circumvent the 2 known options. So, what is the alternative payment option -whereby there will be no cash, no card, ...
19 August 2022 /payments /sustainable
The global cost of payment fraud It is estimated that online payment fraud cost the global business economy over 16 billion pounds in 2021. With the shift from physical to digital as a result of the COVID-19 pandemic businesses have been placed in a more vulnerable position when it comes to being a target of online scams, fraud and cyber attacks. ...
26 July 2022 /payments
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