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B2B FinTech On The Cusp Of Change

PYMNTS

SMEs want banks to offer bitcoin services , suggesting the cryptocurrency may not be such a failure after all. According to new research from Accenture, which published the results in its “SME Banking 2020: Changing the Conversation” report, small and medium-sized businesses are eager for more value-added services offered by their FIs.

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What Does 2015 Bring for EMV and Payments?

Banking 2020

2015 will be the year for EMV technology to become an industry standard in the U.S: Since the liability shift deadline is right around the corner, the issuer banks, third party processors, acquirer banks, as well as the retailers will need to start and/or complete the Chip Issuance and Acceptance in 2015.

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The Disappearing Check How Much Longer Until the End?

Banking 2020

An examination of several disruptive technologies that have displaced more than half of check usage already; why some people keep writing checks despite the availability of other options; and the final obstacles in the way of converting the last several billion checks from paper to electronic payments.

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Fragmentation vs Ubiquity

Banking 2020

It’s often a debate that’s framed in the context of cash versus all others, but as we are seeing increasingly, there could be an argument for having a ubiquitous form of non-cash payments – eg, in the future, a cryptocurrency. The analogy of cash and prepaid gift cards is useful.

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?? Generations X and Y’s “Culture of Convenience” driving financial institutions toward “mobile-first” omnichannel structures

Banking 2020

Consumer and technology trends. This affinity for technology has created a culture of convenience, so it’s no surprise that mobile payments are increasing in popularity. Cryptocurrency is often lauded as the future of payments. 74% of adults in the Millennial generation say mobile banking is extremely important to them.

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Where will payments be in 10 years?

Banking 2020

If the last ten years has taught us anything it’s that disruptive technologies can shift the direction of travel in a way few would expect. Regulatory pressure in most countries will push the banks to establish real time payment transfer systems that will then become embedded in new services offered by banks and other players.