Payment system revolution continues with free cross-border payments + plain normal
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Circle offer free payments, integrated transactions are the new business, Amazon disrupting again, how to use business cards in your payment mix
Home » Payments - Bill Collection » Regular Bill Payments from Consumers
Regular Bill Payments from Consumers
Background
There are two tasks in collecting regular bill payments from consumers; first, delivering the bill/invoice, and second collecting the payment. There are now many options. Consumer Billing and Payment Collection Systems & Usage Delivering the Bills Posting a paper invoice to the consumer is still… Read more about Regular Bill Payments from Consumers
Cash management improvement opportunities world-wide with new payment services
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Same day ACH debits, PSD2, Alipay, mobile payments slow growth, MasterCard B2B payments hub for SMEs, insights into B2B payments, EMV chip card penetration/region
When and how to use faster payments in USA
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U.S. Bank list the key criteria for the four main solutions in the America today
SwapsTech ZillPAY™ : Mother of All Payments™ for global domination….?
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New fintech technologies enable SwapsTech to show how to replace bank accounts and use other technologies to dramatically improve payment systems
Payment systems: What’s happened? What’s driving change? What do you want/need?
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Two key questions are: is WHO is the payment from and WHAT for?
UK clearings dominated by BACS (77%) but Faster Payments already over 17% share
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What is future of BACS? As cheque decline continues (-15%) matched by Faster Payments Service growth at +14%/annum. Direct debiting growth and slow decline in BACS credits expected to continue
Payments update: API dominate development as banks retain interface + new player
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APIs plus the flexibility in PSD2 opens up many opportunities. Facebook to offer new C2B payment service, development of Europe’s SCT Instant and HSBC in India
Payment systems future: collaborative ecosystems of leading brands & developers
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Citi’s new global API hub, dLocal, Adyen and the openness in PSD2 show the future of payment systems. Finland’s real time mobile. Don’t forget collections via local payment systems. Card usage in USA keeps growing
Omnichannel payment expansion opens up world to global MNCs
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Adyen unlocks 300 million Chinese customers by adding WeChat Pay
The world of transaction banking and payments will be transformed over next decade
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BCG Global Payments 2016 report: Change will take place at dramatically different speeds in mature and emerging markets
SlimPay open up new markets with pan-European frictionless direct debiting
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Consumers throughout Europe are adopting recurring payments for all sorts of purchases as long as payment service is easy to use and protects the security concerns of both consumers and businesses
Brits at POS more likely to make a payment using contactless card than cheque book
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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?
Consumers’ growing preference for rent/buy recurring payments rather than outright
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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
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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).
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MasterCard new strategy: aiming to be an active participant in ALL types of electronic payments and payment flow to enhance its services for the benefit of customers and partners
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‘Ecommerce Payment Methods Report 2016’ from The Paypers gives details of payment systems, theory and how to integrate
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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
Clearing and Settlement Systems from Around the World: A Qualitative Analysis
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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?
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EBAday 2016 has kicked off this morning in Milan, bringing together payments professionals from across the EU.
EBA CLEARING’s STEP2 offering unlimited remittance info service in SCTs now live
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Now possible to bundle a large number of invoices/credit notes into one SCT payment and for easy reconciliation on receipt. Eight STEP2 banks offer the new enhanced extended remittance information service
MasterCard Instalments: new way to pay giving cardholders more flexibility/control
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Business partners and consumers to benefit from greater convenience, enabling cardholders to split purchases into payment cycles. Pilots in selected European markets to begin later this year
Citi’s Digital Money Report shows the slow adoption world-wide
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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
On the fifth day of Christmas my adviser sent me tips on how to:
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Optimise our payments and collections by first accepting that a payment or collection is only part of a business transaction, and .....
A complete POBO & ROBO payment factory making subsidiaries ‘bank-free’ is possible
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Roche shows how to operate full ‘on-behalf-of’ payment & collection factory, the ultimate solution