Predictions for 2021: The World is a Digital Place

Mobile Payments Today

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

COVID-19, Digital Payments and the Future of Cash

Mobile Payments Today

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

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New Playbook for Payments as Stadiums Reopen

Payments Source

Venues are piloting payment technology as a way to promote less contact and shorter lines. Digital payments Coronavirus Cash

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

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

Mobile Payments Today

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 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

Instant Payments: Changing the Middle East payments landscape

Accenture

This thought leadership piece looks at Instant Payments in the Middle East – how this innovative trend being implemented in the region and elsewhere is changing the payments landscape, and what banks should do to fully leverage its value.

Dimensions of disruption in payments

Accenture

In the first post in this series, we looked at the major trends driving disruption in payments today. This time, we’ll look at how these trends will actually impact the industry by geography and by payments instrument. Uncategorized Disruption Payments

B2B Payments Drive Instant Payments, Crypto Innovation

PYMNTS

New payment rails are once again in the spotlight as real-time payments and cryptocurrency emerge as the top focuses for innovators. Separately, research finds B2B payments as the key driver behind surging instant payments volume in the years ahead.

Can blockchain transform cross-border payments?

Mobile Payments Today

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

Global Payments, Google Collaborate On Cloud-Based Payments

PYMNTS

Global Payments Inc. Global Payments will migrate its merchant acquiring infrastructure to Google Cloud and will equip Google with merchant acquiring services, while both companies will roll out go-to-market and co-sell activities jointly, according to the announcement. “We

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ACI Worldwide, InComm Payments Team On Cash Bill Payments

PYMNTS

Digital payment software firm ACI Worldwide is partnering with InComm Payments to help consumers pay bills — from utility, cable and insurance to higher education and more — with cash.

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Bank Innovation

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CBDC for Retail, Wholesale and International Payments

Accenture

Central bank digital currencies (CBDCs) would help advance the digitalisation of payments and the economy as a whole. Retail, wholesale and international payments using CBDC would expand choices, enabling more diversified payment systems and greater autonomy for the central bank.

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Contactless Payment: The future of public transportation

Mobile Payments Today

When it comes to moving forward, what type of payment structure can customers count on from public transportation? Jed Danbury, vice president at Computop, a global payment service provider, shares his thoughts on how customers can benefit on transit

Tapping Payment Orchestration To Get Travel Industry Back On Track

PYMNTS

The ultimate goal in the payments world is invisibility — a transaction that happens so seamlessly that it fades into the background of a purchase path, barely registering in the customer's conscious mind. They need to process those payments at the maximal acceptance rate and the minimal cost.

European payments on gas

Chris Skinner

Just before Christmas I heard of a new European payments initiative called PEPSI, short for Pan European Payment System Initiative. Backed by over twenty mainly … The post European payments on gas appeared first on Chris Skinner's blog. Grid Payments RegulationNice acronym although I prefer Coca-Cola, the Co-ordinated Car Co-operative Association. Or something like that. Anyways, whichever Cola you prefer, this new initiative is interesting.

What's on the horizon for B2B payments?

Mobile Payments Today

B2B payments have gone through major changes in the past couple of years, and COVID-19 has only sped up that process.

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Request to Pay—a growing global trend in payments

Accenture

In my last post, I talked about the important role Request to Pay (RtP) will play in the future of payments—it will , bring flexibility to payers, cost reduction and efficiency to billers, and a huge value opportunity to financial services providers that have an Open Banking infrastructure in place.

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A new administration spotlights cross-border payments

Mobile Payments Today

Matt Montes is U.S. general manager at Paysend and has nearly 30 years of financial services experiences, most recently serving as president of Catalina Card Services. He founded and led AccountNow, the first online D2C prepaid debit card company in the U.S.,

Why ISO 20022 is a seismic shift for payments

Accenture

Inside that complexity lie some operational hurdles for payments players—but also tremendous opportunities. The post Why ISO 20022 is a seismic shift for payments appeared first on Accenture Banking Blog. Uncategorized ISO 20022 Payments Standards

Revolut Business Introduces QR Codes For Payments

PYMNTS

Revolut Business is launching QR codes to facilitate socially distanced payments, the company said on Thursday (Feb. The contactless solution facilitates instant payments over wifi so funds are cleared before the customer leaves the premises. .

Easing Blockchain's Introduction To The Global Payments Ecosystem

PYMNTS

As corporates continue to find themselves inspired by surging bitcoin values and a massive crypto haul by Tesla , the digital currency ecosystem is beginning to drum up more interest within the corporate treasury and B2B payments arena. Payment Rail Pains.

The advantages of blockchain over traditional payments

Mobile Payments Today

By eliminating middlemen, cross-border blockchain payments can result in even faster transfers while significantly reducing costs for both merchants and customers

Three strategies to profit from payments disruption

Accenture

The world of payments is in turmoil, with no end in sight. In the previous posts in this series, we’ve detailed the trends driving this disruption, and zoomed in on the rapid change around the world and by payments instrument. Uncategorized Disruption Payments

eBay accelerates payments push

Bank Innovation

eBay is pushing forward with efforts to move payments in-house instead of relying on PayPal. The company is taking a staged approach to its payments product launch with the goal to reach full rollout by 2020, a move that will let the company take control of the user experience, grow revenue and reduce overhead costs […]. Carousel Daily Post 2 Payments Premium Product Design Adyen Apple Pay eBay Google Pay payments PayPal

Where payments meet politics

Payments Source

Kate Fitzgerald, senior editor at PaymentsSource, talks to Eric Grover, principal at Intrepid Ventures, about the political activities that hinder the expansion of payment systems. Digital payments Biden Administration China PayDirt

Report: Strategic Payment Investments Give FIs, FinTechs Innovative Payment Options

PYMNTS

The technological seeds that have made these developments possible were planted more than a decade ago, with the steady growth of digital payment platforms and cloud-based technologies that support electronic payments.

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Western Union Boosts Business FX Payments

PYMNTS

Western Union Business Services , the payments arm of Western Union, is looking at expanding its cross-border payment services for business customers, a press release says. Customers expect, and now have, payments that are faster, traceable, transparent, consistent, and more reliable.

TruckPay Will Accept Crypto For Logistics Payments

PYMNTS

TruckPay will now allow logistics payments with cryptocurrencies, according to a press release. Bitcoin, Ethereum and Stellar Lumens will be available as payment options on the TruckPay Fleet Management and MyTruckScales platforms, the release stated.

Online Shopping Trends: Mobile Payments Are Mighty

Mobile Payments Today

The holiday online shopping trend jumped from over 13% in 2019, to nearly 20% in 2020, according to Mastercard. Jordan Reynolds leads the e-Commerce and Marketplace verticals at Ekata. He shares data and insight on how 2020 may have changed shopping forever

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Partnerships Drive B2B Payments Digital Transition

PYMNTS

Drilling down a bit into those innovation efforts, he said, FinTechs and software companies, in general, are trying to become payment companies. They’re embedding payments within a specific workflow and have the opportunity to create seamless user experiences around payments.

Blockchain 101: Mobile payments

Mobile Payments Today

Let's take a look at the what blockchain is, and how it can help transform the mobile payments industry

Wells Fargo Debuts Digital Supplier Payment Tool

PYMNTS

Wells Fargo is beefing up its digital payments arsenal with a new service aimed at business customers. To use the tool, customers electronically send payment instructions, which are routed to the WellsOne Virtual Card Payments service, the release stated.

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How Payments-As-A-Service Can Modernize Banks' Payment Processes

PYMNTS

In Europe , as has been seen elsewhere, banks and other financial institutions (FIs) must grapple with payments modernization but are burdened by legacy systems and infrastructure. The continued acceleration of digital and mobile payments affects both domestic and international payments.”.