UK payments: the flourishing, just still growing, dying AND the too expensive
by Jack Large
Most important services are: FasterPayments and mobile related BUT CASH STILL CHEAPEST
Cheque Payments at POS
Background
Cheque payments at the POS are in world-wide decline, they are primarily being replaced by payment by cards. Although in some retailers have stopped accepting cheques, most retailers still accept…
Read morePayment systems evolution keeps on coming
by Kylene Casanova
Cheque imaging in UK; are e-wallets the end game? Apple accepts PayPal; Chinese going global
Payment systems realities: payment cards are expensive, AND at POS: cash cheapest
by Kylene Casanova
Massive cost saving opportunities in card fees and charges, as US merchants paid $88.39 billion in card fees in 2016
Does growth of multi-channel payment systems providers threaten bank dominance?
by Kylene Casanova
Game changing services from Optal - who are to acquire B2B payments business Invapay - to provide comprehensive B2B payments ‘pay anyone, anywhere' capabilities and Adyen’s omnichannel payments = a threat?
Payment strategy needs to change as alternative payment systems go mainstream
by Kylene Casanova
Structured policy on how to use APMs is now essential if you are not to lose out on potential business in many markets
Amazon Go’s impact on payments, and on self-checkout at retail outlets
by Kylene Casanova
A development that could revolutionize much of retailing as we know it, including some kiosk industry segments. It may re-invent the entire retail category
2016 Review - June
by Kylene Casanova
Total working capital management; Plug and play connection to Ripple’s real-time settlement cross border payments; Britain files for divorce from EU; How to avoid using SWIFT altogether and/or in with…..
The world of transaction banking and payments will be transformed over next decade
by Kylene Casanova
BCG Global Payments 2016 report: Change will take place at dramatically different speeds in mature and emerging markets
dLocal launches 1st payment platform exclusively for companies entering emerging markets
by Kylene Casanova
New payments platform enables e-commerce businesses to seamlessly and safely collect AND send payments in 14 markets including Latin America, China and Turkey
Surge in global payments revenue expected to continue
by Kylene Casanova
A white paper looking at the global e-commerce industry has noted growing bank revenues from the payments business, with mobile and online commerce fuelling this continuing trend.
Cards dominate non-cash payments in the EU and CLS dominates large value payments
by Kylene Casanova
ECB statistics show that in 2015 card usage accelerated, cheques declined, and in large value payments - Target 2 volume is less than half of CLS
World Payments Report 2016 shows key benefits from adopting immediate payments
by Kylene Casanova
Global digital payments growing at 10%/annum as emerging market growth accelerates; huge variations between countries: cards still no. 1; cash in circulation growing; and banks not coping with regulations
Cash still cheapest at point of sale but loses transaction dominance in UK: now only 47%
by Kylene Casanova
Contactless hastens cash decline - BRC Payments Survey - as debit cards become main payment method in the UK
Meeting local payment preferences, increases conversion rates & global expansion
by Kylene Casanova
How will your next 7 million shoppers like to pay? Adyen shows how to meet local requirements worldwide
Brits at POS more likely to make a payment using contactless card than cheque book
by Kylene Casanova
But consumers don’t want a fully cashless society, as the general decline in the usage of cheque accelerates. Can retailers ever stop accepting cheques?
Payment revolution: PayPal co-operates with competitors as others innovate
by Kylene Casanova
New Payment Association UK members won’t necessarily increase competition. Payments only work if there is co-operation. Nevertheless third party innovation is happening: real-time tracking of cross-border payments
Does offering multiple payment options retain customers and generate new ones?
by Kylene Casanova
Omni-channel payments for merchants is essential in opening up new markets and retaining current customers. The only question is how?
Brexit: possible impact on UK consumer payments, on PSD and regulatory authorities
by Kylene Casanova
PSE consulting expect few upsides: Payment Service Directives to remain but eMoney: Payment Institutions will probably to move their headquarters to other European markets; and EBA will almost certainly move
UK payments, May 2016: annually- cheques down 13%, Faster Payments +15%, ACH +4%
by Kylene Casanova
Decline of paper and cash usage while ACH, Faster Payments, cards (particularly contactless) and even CHAPS growth continues
UK: debit cards to overtake cash payments by 2021
by Kylene Casanova
Cash - coins and notes - decline accelerating: expected to drop to 27% share by 2025. But cheques still popular: 546m in 2015
Credit cards come back as UK moves towards a cashless society
by Kylene Casanova
New East & Partners Europe research* shows significant growth in the acceptance of credit cards and contactless card payments by SMEs
More corporates need to plan their omni-channel payments programme - survey
by Kylene Casanova
Only one-fifth of merchants surveyed have completed an omni-channel payments programme.
Don’t plan for the death of cash/cheques anytime soon: govt. barriers are going up
by Kylene Casanova
ATMIA welcomes Swedish Central Bank support for access to cash; UK government supports continuing with cheques. Future is bright for the multi-payment system providers
Citi’s Digital Money Report shows the slow adoption world-wide
by Kylene Casanova
Citi and Imperial College London’s third Digital Money Report highlights the slow progress in digital money adoption and the drivers for change. See where you rank in Citi’s 2016 Digital Money Index