It’s Back to the Future for Payments

Accenture

This blog is based on my keynote presentation at the 2021 Payments Canada SUMMIT Payments leaders probably feel like they are living in the future right now. The post It’s back to the future for payments appeared first on Accenture Banking Blog.

Predictions for 2021: The World is a Digital Place

Payments Dive

2020 was a difficult year in many aspects, but it also challenged the payments industry to find new solutions to work through the limitations of the pandemic. Seth Brennan, CEO of North Lane Technologies, a payments industry veteran, shares his thoughts on the year ahead

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COVID-19, Digital Payments and the Future of Cash

Payments Dive

The COVID-19 pandemic has accelerated the use of digital payments and moved the debate over a cashless society to a near-term consideration

Shall We Chat? Using Chat to Engage and Sell a Customer

Payments Dive

Mobile Payments Today interviewed Hannes Van Rensburg, chief commercial officer for Clickatell's on the subject of chat commerce. Hannes shares his thoughts regarding this unique type of commerce and what it could mean to the mobile payments industry moving forward

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The Importance of PCI Compliance and Data Ownership When Issuing Payment Cards

This eBook provides a practical explanation of the different PCI compliance approaches that payment card issuers can adopt, as well as the importance of both protecting user PII and gaining ownership and portability of their sensitive data.

Seizing the $300 Billion Opportunity in Payments

Accenture

Many banks today are not seeing the returns on their investments in payments modernisation they hoped for. New research from Accenture confirms that only a handful of banks have unlocked material business value from their payments modernisation…. Uncategorized cloud Payments

'Open Banking' is What 'Banking' Has Rapidly Become

Payments Source

Fintech Digital payments Payment processing APIs

The Challenge and Impact of ISO 20022 for Banks

Accenture

The global adoption of ISO 20022 is the most far-reaching and widely underestimated development in payments today. ISO 20022 is complicated and can seem downright mysterious even to payments specialists. Payments ISO 20022 migration

Making the Case for Real-Time Payments

ATM Marketplace

Brady Harris is the CEO of Dwolla, a company that provides access to real-time payments for businesses. With over 20 years of experience in the payments industry, Harris is working to make programmable payments the standard for any industry.

Digital Payments are Here to Stay

ATM Marketplace

Ruston Miles, founder and advisor of Bluefin Payment Systems takes a long look at how the coronavirus pandemic affected the payments industry and how that changes the future.

Make Payment Optimization a Part of Your Core Payment Strategy

Everything you need to know about payment optimization – an easy-to-integrate, PCI-compliant solution that enables companies to take control of their PSPs, minimize processing costs, maximize approval rates, and keep control over their payments data.

The U.S. Pandemic Recovery is a Chance to Improve Digital ID

Payments Source

Risk Authentication Payment fraud

Fraud 157

Business is global by default: Why haven't payments kept up?

Payments Dive

To compete internationally, businesses need a reliable method to make and receive real-time payments

The Retail and Tech Firms That Could Upend Mainstream Banking

Payments Source

Fintech Retailers Digital payments Gig economy

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Merchants Must Cater to the Distracted Shopper

Payments Source

Contactless payments Digital paymentsThe post-pandemic world requires serving multitasking consumers. Checkout.com exec and Card Forum: Contactless presenter Bradley Riss discusses how that works in a preview of our virtual conference.

How to Avoid the Pain and Cost of PCI Compliance While Optimizing Payments

Speaker: P. Andrew Sjogren, Sr. Product Marketing Manager at Very Good Security, Matt Doka, Co-Founder and CTO of Fivestars, and Steve Andrews, President & CEO of the Western Bankers Association 

In this webinar, we have a great set of panelists who will take you through how Zero Data strategies can be used as part of a well-rounded compliance and security approach, and get you to market much sooner by also allowing for payment optimization. They’ll share how to grow your business faster and minimize costs for both security and compliance

Big tech pushes passwordless for payments

Payments Dive

Google, Microsoft and Apple this month began a big, new push in their campaign for a passwordless standard that's aimed at improving digital identity verification, including for payments

Apple 371

Cannabis payments companies focus on compliance, creativity

Payments Dive

In the cannabis business, federal illegality has kept many banks and payments companies on the sidelines. That's opened the door for young companies that are using the ACH network to facilitate cannabis payments in states where it’s been legalized

Payments firms battle for talent

Payments Dive

Hiring and retention are a top challenge for payments companies right now. Here’s what they’re doing to stand out from the crowd and win talent

Tag Heuer accepts crypto as payment

Payments Dive

CEO Frédéric Arnault suggested cryptocurrency fluctuations are a risk companies will need to take on if they allow this form of payment

PayPal expands BNPL payment options

Payments Dive

It will now offer a new monthly payment plan targeted at bigger purchases PayPal is making a bigger move into buy now-pay later financing as competitors in that arena multiply.

Toast heats up restaurant payments competition

Payments Dive

As Toast adds services, the Boston startup is taking business from larger rivals and fintech peers, analysts say

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Russia pivots to UnionPay for payments alternative

Payments Dive

and EU payment infrastructures, the country is pivoting to alternatives such as China's UnionPay card system and other channels that may take its trade and commerce through China With Russia shut out of U.S.

EVO Payments finds deals harder to come by, CEO says

Payments Dive

EVO Payments has grown over the past decade through dozens of acquisitions, but it’s not so eager to buy now

Embracing Real-Time Payments

Bobsguide

The past 12 months have accelerated the trend of moving consumers away from cash and more towards digital and contactless payments. With the pandemic having blurred the lines between people’s professional and personal lives, this consumer preference has also had a similar affect in the

One powerful team solving cloud payments for banks

Accenture

In payments, so much is changing so fast that sometimes it’s hard for banks to know where to start. Moving payments functions to the cloud is one area that a lot of our banking clients are trying to figure out right now as part of their strategy for growth in payments.

Economic pressures stress payment fintechs

Payments Dive

PayPal, Klarna and Bolt have chopped their workforces in the face of mushrooming macro-economic pressures, suggesting a potential fintech shakeout in the offing

Payments startups still gaining value, for now

Payments Dive

Payments companies “led the pack in valuation increases” and had the biggest average increase in valuation, according to S&P Global Market Intelligence

4 strong ideas from the payments disruptor playbook

Accenture

If there’s one thing the payments industry has learned to expect over the last decade, it’s the unexpected. The post 4 strong ideas from the payments disruptor playbook appeared first on Accenture Banking Blog. Payments Digital Payments Future of Payments Payments Innovation

2022's restaurant payment tech push includes QR codes, kiosks

Payments Dive

From QR codes to advanced mobile apps and robots, restaurants are planning to adopt more technology within their operations — including payments — in the year ahead

Servitization: What it is and Why Auto and Equipment Finance Providers Should Care

Accenture

Instead, they want maintenance and service included, and they expect more flexible payment plans. Auto and equipment buyers are no longer satisfied with simply financing an asset, the traditional way of paying for such things.

How Money Will Disappear

Daily Fintech

Big payment giants and listed companies are adopting it and not just in the US. In recent months bitcoin has had a phenomenal rally and for good reason. One month after Elon Musk announced that Tesla purchased $1.5

Key trends shaping the future of payments

Accenture

In a post-COVID world we have seen dramatic changes in the way customers pay, from the further shift towards a cashless society to a digital revolution in e-commerce payments. As we look forward, we see these trends accelerating and new payments rails emerging.

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Laundering Rules are Getting Tougher, But Also Easier to Follow

Payments Source

Banking Compliance Payment fraud AML

Fraud 93

Cross-border payments change as they rise: report

Payments Dive

Consumers and businesses are more frequently using digital means to send payments around the world, according to Mastercard's second annual report on cross-border payments

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Can blockchain transform cross-border payments?

Payments Dive

Cross-border payments are fraught with difficulties from long paper trails to complicated contracts/ Blockchain has emerged as a possible contender to streamline the process, however, but is it ready to tackle cross-border payments