How can DLT actually be used in payments in next 5 years?
by Kylene Casanova
A white paper has identified several areas of UK payments that would benefit from distributed ledger technology.
Payments - Receipts
Background
Collecting bills efficiently, on-time and with a minimum of bad debts is essential in any business. Bill collection, unlike collecting payments at the point of sale, involves granting the buyer credit…
Read moreThe 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
Enhancing cash and liquidity management solutions is the name of game
by Kylene Casanova
Important enhancements from Citi, BAML and Reval show to use customer feedback to drive new developments
Non-euro EU/EEA countries to comply with SEPA by 31 October 2016
by Kylene Casanova
Twelve EU countries have a SEPA migration deadline looming on 31 October. The transition is expected to be smooth but corporates should be aware of the change.
Omni-channel payment platforms add functionality & partners - dominating? Not yet
by Kylene Casanova
Adyen rolls out Global Acquiring in Brazil, Hong Kong and Australia; Bank of America Merrill Lynch access to Modo’s patented COIN® Operated Digital Payments Hub; Tipalti adds OCR technology to service
TMS’s growing role in payment factory solutions and services
by Kylene Casanova
Can corporate treasury departments really put all their group’s payments through their TMS?
Late payments increase in US, Canada, Brazil and Mexico
by Kylene Casanova
The vast majority (93%) of companies in the Americas (NAFTA and Brazil) say they have experienced late payments from B2B customers in the past year.
European e-invoicing numbers rise past 1.25 billion a year
by Kylene Casanova
E-invoicing in Europe has risen by 27 per cent in past year, with more than 1.25 billion e-invoices processed, industry figures show.
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
More global e-invoicing growth as France and Saudi Arabia mandate usage
by Kylene Casanova
Governments turn to domestic regulations to make sure e-invoicing happens
Consumers’ growing preference for rent/buy recurring payments rather than outright
by Kylene Casanova
e-Commerce revolution as consumers payment habits move to subscription payments rather than buying outright, IF recurring payment services are easy to use + protect security concerns - Innopay report
e-invoicing: global adoption grows with new country standards + other initiatives
by Kylene Casanova
Australia, Costa Rica and Germany adopt/plan new standards, and Chile and Netherlands forcing usage
Earthport & TransferWise show payment systems INTER-CONNECTED future
by Kylene Casanova
Role of Earthport - the cross-border payment network - as the infrastructure behind global money transfer businesses grows AND TransferWise connects to UK’s FPS
Global payments moving to same day, transparent, predictable, tracked & more info
by Kylene Casanova
SWIFT’s Global Payment Initiative gathers pace - ICICI and AXIS are the first Indian banks to join the initiative - as banks world-wide try to improve their cross-border payment services
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
Reform for UK payments infrastructure needed to increase competition
by Kylene Casanova
The UK payments infrastructure is in need of reform to increase competition and improve services for customers, according to a market review published by the Payment Systems Regulator (PSR).
Understand omnichannel revolution & How to Integrate Payment Methods at Checkout
by Kylene Casanova
‘Ecommerce Payment Methods Report 2016’ from The Paypers gives details of payment systems, theory and how to integrate
Mastercard removes digital payment barriers – shop freedom across devices/channels
by Kylene Casanova
Mastercard first network to deliver omni-channel all-digital payment service with Masterpass
Draft strategy will improve access and consolidate UK payments system
by Kylene Casanova
The Payments Strategy Forum has published a draft strategy setting out simpler access, greater innovation, increased adaptability and better security for the UK's payments system.
Best practice for optimising new/old collection systems to maximise global revenue
by Kylene Casanova
Enhancing consumer experience and catering for local differences, e.g. accepting 250 different payment systems in 190+ currencies, is only practical through an omnichannel provider
SWIFT’s Global Payments Innovation Initiative makes progress: 73 banks now joined
by Kylene Casanova
“More banks worldwide collaborate to dramatically improve the cross-border payments experience with greater speed, transparency and end-to-end tracking” - SWIFT
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
Clearing and Settlement Systems from Around the World: A Qualitative Analysis
by Kylene Casanova
Bank of Canada’s analysis shows most countries will have many more options, most will have real-time or near real-time systems: How are you going to use these to improve your payments and collections?