paymentsjournal

Highlights From the 2018 UK Payments Market Report

2017 was an exciting year for the UK payments market. According to a recent study conducted by UK Finance, 38.8 billion payments were made in the UK in 2017 with 85 of those payments going to what the study cause spontaneous purchases and the other 15 going towards regular bills and commitments.

Read More

Real-Time Payments Climbs the Corporate Ladder

The first thing to remember is that ‘real-time’ payments is a subset of the overall faster payments category discussion of the past several years. Real-time means 24x7x365 availability, with clearing and settlement within seconds.

Read More

AI and the Not-Too-Distant Future of Payments

Not long ago, identifying credit card fraud required a mostly manual effort. Computers could be programmed to identify significant discrepancies in transaction databases – for example, an extremely expensive purchase from another country – but that was about it.

Read More

VIDEO: What Is the Fed Looking to Get Out of Real Time Payments?

Data for this episode of Truth In Data provided by Mercator Advisory Group’s report Faster Payments: U.S.

Read More

VIDEO: America’s Different Approach to Real-Time Payments

Data for this episode of Truth In Data provided by Mercator Advisory Groups report: New Faster Payments Solutions Being Launched at a Rapid Pace in the U.S.

Read More

American Express Is Targeting Blockchain for a Proof-of-Payments System

It is not a surprising announcement that American Express has filed a blockchain-based patent application for a payments related capability that can receive a payment confirmation including a transaction amount and a merchant identifier.

Read More

The Darlings of Prepaid: Why Gift Cards Are as Relevant Now as Ever

If you’re at all acquainted with the prepaid industry, you’re familiar with the fact that consumers love gift cards. But what you may not know is that rather than remaining static gifting tools, gift card uses, applications, and capabilities have been quietly expanding through the years.

Read More

The Future of the Payments Industry in a Post-GDPR and PSD2 World

In the aftermath of global privacy breaches like Equifax and Facebook, banks and financial technology companies are rethinking their approach to data security.

Read More

Cross-Border Payments: Reaching Further With Swift gpi

As globalization and digitalization gather pace across the payments landscape, the need for fast and transparent cross-border transactions is particularly pressing, says Monika Aminiova, Cash Management Business Development Manager, Treasury Services EMEA, BNY Mellon.

Read More

Debit Is Preferred in U.S. In Stores, but Not Online

The latest Consumers Payment study published by the Federal Reserve Bank of Boston finds that debit cards are the most popular payment type, making an average of almost 32 percent of their payments with a debit card, followed by cash (27) and credit card or charge payments, representing an average of 23 of all payments […]

Read More

Creating an Omnichannel Payments Experience From Start to Finish

In financial services, the term, omnichannel, is too often limited to the perspective of the retail experience. Does the consumer see a consistent experience every time they use a bank or retailers various channels – online, in person or on a mobile app. However, omnichannel in payments extends beyond a consistent user experience.

Read More

Going Cashless at the Point of Sale: A Matter of Time

Retailers and restaurants are cautiously moving toward fully cashless operations. Cards and apps are replacing bills and coin. While futurists and science fiction writers have been predicting a cashless future for generations, consumer-driven businesses are following the lead of a much more influential group of thinkers—their customers.

Read More