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10 Lessons We Learned at the Nacha Smarter Faster Payment Conference

South State Correspondent

Last week, Nacha held its Smarter Faster Payments Conference in Miami, a significant event for over 1,800 bankers and vendors. With 142 presentations and panels, the content was tailored to the needs of every bank interested in payments. Nacha saw three strong presentations covering various legal aspects of payments.

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Finablr’s BayanPay Awarded Payments License From Saudi Authority

PYMNTS

Finablr , a Saudi Arabia-based global platform for payments and foreign exchange solutions, has announced that its network brand, BayanPay , has been awarded a license to provide payment services by the Saudi Arabian Monetary Authority (SAMA). BayanPay was founded in Riyadh in 2018.

Payments 130
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Central Bankers’ Report Focuses On Friction In Cross-Border Payments

PYMNTS

An international association for central banks has issued a report that “aims to make lasting improvements in cross-border payments.” The current problem, according to the report , is that the payments setup “can be slow, expensive, unreliable” — or even unavailable in some countries.

Report 150
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New study by IDC reports on the future of consumer payments

The Paypers

US-based market research company IDC has published a new research , which forecasts that 74% of consumer payments will be handled by non-traditional financial institutions by 2030.

Study 69
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Central Bankers Focus On Friction In Cross-Border Payments

PYMNTS

An international association for central banks has issued a report that “aims to make lasting improvements in cross-border payments.” The current problem, according to the report , is that the payments setup “can be slow, expensive, unreliable” — or even unavailable in some countries.

Payments 130
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The Rise Of eCommerce And Digital Banking Innovations

PYMNTS

And in innovation, Banking-as-a-Service (BaaS) is making it simpler for companies and FinTechs to create functions for sending and receiving payments in addition to managing banking data. 3.6T: Projected size of the "embedded finance" market by 2030. 3.6T: Projected size of the "embedded finance" market by 2030.

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Boosting The Good Growth And Killing The Weeds

PYMNTS

As flowers are blooming in real gardens for spring, innovative ideas are blooming metaphorical gardens in payments and commerce. But with good growth comes bad – and in payments and commerce, fraudsters are the weeds , and the advance of AI is what many hope to be the weed killer. billion: Amount of online alcohol sales in 2017.

Fraud 108