How 5G will shake up global payments and benefit businesses
by Ben Poole
Verizon Business and Mastercard are partnering to bring 5G to the global payments industry.
Collecting Payments on the Internet
Background
There are two types of payment collection on the Internet: those that are initiated via the Internet and then cleared and settled through an 'external' payment system, and those that are made…
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Where treasurers see the value in request to pay
by Ben Poole
A Euro Banking Association report surveyed corporates from 20 countries to see how their companies would use request to pay.
Can crypto become a viable payment alternative for corporates?
by Laurent Descout , CEO and Co-founder, Neo
May not be the right time for treasurers to look to Bitcoin and its peers as a solution to their payment issues
Digital wallets eclipsed cash globally at POS for first time during COVID
by Ben Poole
An FIS study also found the global e-commerce market grew 19% to US$4.6 trillion and is expected to grow nearly 60% percent by 2024.
Deutsche Bank and Mastercard intensify payments collaboration
by Ben Poole
The expanding partnership is specifically focussed on digital business payments.
Charities and beggars are losing out in UK due to absence of QR codes
by Jack Large
UK needs to adopt general QR code channel to solve charities’ collection problem
Payment systems: cards are only part of the story, you need whole picture locally
by Jack Large
Globally payment cards keep on expanding, but the vital variations are local
On the fifth day of Christmas my guru sent me advice on how to:
by Jack Large
Optimise AND integrate your payments and collections
On the third day of Christmas the Peter Drucker* Foundation sent to me suggestions on how to:
by Jack Large
Focus and drive an effective and efficient corporate treasury department
Collecting payments: is really about unified commerce NOT just payments
by Jack Large
Make your customers’ journey a pleasure: fit in with how your customers do business AND use all your customer data, THEN focus on reducing costs
US corporates embracing electronic B2B payments
by Ben Poole
While the AFP 2020 survey shows the benefits that digital payments offer corporates, it also notes the cyber security awareness that firms must show.
Payment cards cost way too much and it’s getting worse (up 5%-16% in 2019)
by Jack Large
The BRC and other UK trade bodies are calling for action to tackle excessive card costs
Mastercard launches central bank digital currencies testing platform
by Ben Poole
The virtual platform allows central banks to evaluate use cases and test roll-out strategies for CBDCs by simulating a CBDC ecosystem.
Central Bank Digital Currencies are definitely coming but when?
by Jack Large
Central banks are experimenting, and DC will come. But will they make a difference to your cash and liquidity management
CTMcast - 19 March 2020: Review of key recent posts and more on Coronavirus crisis
by Jack Large
Jack and Ben reviewed last week’s stories and the current COVID-19 crisis
CTMblog: Coronavirus realities? SCA adoption; GRC; Investing today
by Jack Large
How bad will Coronavirus really be; SCA adoption; GRC programmes; Collection letters; Investing in long term; Time for outsourcing?
MultiSafepay and “Request to Pay”: open banking comes of age
by Jack Large
MultiSafepay piloting Deutsche Bank’s Request to Pay solution, a first step in creation of a pan-European scheme for online payments.
Standard Chartered and Assembly Payments create e-commerce joint venture
by Ben Poole
The new joint venture will be headquartered in Singapore.
Minimising card system costs: don’t accept charging structures and fight for alternatives
by Jack Large
BRC/UK retailers, the authorities in Australia and NatWest Payit service show how
Visa USA changes interchange fee structure to encourage usage; overall rates go up
by Jack Large
Retailers and authorities can fight these changes by migrating usage to other local ACH systems
Cashless transactions exceed cash in Russia for the first time
by Ben Poole
Share of cashless turnover in 4Q19 is 50.4%, according to Sberbank analysts.
Payment Update: new KPIs and technologies for improved business model
by Jack Large
First measure payment performance and then use the new technologies for new ways of doing business
What’s next for corporate instant payments?
by Michael Knetsch , Director, Business Product Expert - Payments, Deutsche Bank
When combined with other emerging technologies, such as APIs, DLT and request to pay, instant payments begin to come into their own
Payment update: Two critical drivers in payment systems development
by Jack Large
Personal experience, + exploiting technology and partnerships are ensuring the revolution continues