How do you want to to improve post-trade services used in financial transactions?
by Jack Large
By 15 November 2017 respond to European Commission consultation on how they can further reduce barriers to post-trade services across financial markets
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…
Read morePayments update: we are all in the transaction processing business now
by Jack Large
Revolution continues: QR codes growing impact, WhatsApp new P2P platform, and TransferWise multicurrency accounts spreading
Revolution in payments business: new model will change the game and the rules
by Kylene Casanova
Corporate treasurers will need to assume that they receive/collect from all payment rails, the key choice will be which payment app they accept payments/collections from
Debt collection is about more than the money
by Kylene Casanova
Experian infographic shows what customers want and what your business needs to do
Payment system revolution continues with free cross-border payments + plain normal
by Kylene Casanova
Circle offer free payments, integrated transactions are the new business, Amazon disrupting again, how to use business cards in your payment mix
Cash management improvement opportunities world-wide with new payment services
by Kylene Casanova
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
by Kylene Casanova
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….?
by Kylene Casanova
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?
by Kylene Casanova
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
by Kylene Casanova
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
by Kylene Casanova
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
by Kylene Casanova
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
by Kylene Casanova
Adyen unlocks 300 million Chinese customers by adding WeChat Pay
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
SlimPay open up new markets with pan-European frictionless direct debiting
by Kylene Casanova
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
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?
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
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).
MasterCard acquires Vocalink for £700m as strengthens services in UK & globally
by Kylene Casanova
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
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
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
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?
Future vision of European payments under discussion at #EBAday2016
by Kylene Casanova
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
by Kylene Casanova
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