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Share opinion and experience on how the payments landscape is changing and learn about the challenges and opportunities facing payments stakeholders in the future.
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Anne Willem De Vries Co-founder and CEO at Silverflow
Despite processing millions of payments a day, the payments industry is being held back by outdated technology that has become too integral to replace or integrate with – until now. Legacy systems are already costing the payments industry $36.7 billion per year, a figure that is expected to rise to $57.1 billion by 2028. Rather than addressing sin...
01 July 2024 /payments /cloud
Robert Kraal Co-founder and CBDO at Silverflow
Say ‘Mississippi’. In the time it took you to say it, $199,771 USD was spent online – the $6.3 trillion eCommerce market divided by the 31,536,000 seconds in a year. If every sale made in that single second was routed to the average global citizen’s bank account instead of hundreds of companies then, since they earn $9,733 per year, they would ma...
25 June 2024 /payments /startups
James Booth VP Head of Partnerships, EMEA at PPRO
There is a famous phrase, which has been attributed to both Winston Churchill and George Bernard Shaw, that states the UK and the US are “two nations divided by a common language”. This refers to the fact both countries use the same language, but style, spellings, and meanings are often quite different. This analogy can easily be extended to payme...
19 June 2024 /payments /inclusion
Joris Lochy Product Manager at Intix | Co-founder at Capilever
As a regular consumer, you might not realize that a simple wire transfer to a company or a friend launches a complex and lengthy payment flow. This process involves multiple financial institutions and diverse IT systems. In this blog, we explore a typical payment flow at a financial institution. The complexity of the payment flow stems from increa...
10 June 2024 /payments
Mayuri Jain DGM Growth & Strategy at Persistent Systems
FedWire, operated by the Federal Reserve Banks, is essential for large-value and time-sensitive payments, ensuring secure and efficient fund transfers between financial institutions. As the financial landscape evolves, the upcoming modernization of FedWire presents significant implications for financial enterprises. Importance of FedWire FedWire...
07 June 2024 /payments
Penny Townsend Co-Founder & CPO at Qualpay
In the fast-paced landscape of today’s industries, particularly within the technology sector, efficiency and streamlining operations are imperative. Every aspect of operations, including financial transactions, plays a crucial role in the success of anyone in the IT world, from developers to ISVs. ISVs, in particular, have an opportunity to take a...
21 May 2024 /payments
Around the world, there are significant moves to transition from traditional electronic money transfers, which rely on batch settlement systems that can take several days for transactions to clear, to instant, or at least near real-time, payment systems. These new innovative payment systems ensure that beneficiaries receive their funds within seco...
13 May 2024 /payments /regulation
John Bertrand MD at Tec 8 Limited
Watching a televised rugby game, Leinster playing Northampton, at an Irish pub, The Long Hall, NYC, the bill if paid in cash would be discounted. On $100, savings could have been $3.00. Incentives, in the US cash are plentiful, for example, the price of gas (petrol) is lower at the pump when cash is used. Also, at the point of payment, the cust...
12 May 2024 /payments /regulation
Benjamin Thurlow
The world of business payments has been famously slow-moving. But things are currently changing fast. Driving this rapid evolution is a technology you might not expect: the business credit card. Also known as commercial card, this payment method has been around for years, with physical cards issued by employers for employees to use when purchasing ...
25 April 2024 /payments
Delia Pedersoli COO at MultiPay Global
Providing exceptional customer experience (CX) is paramount for success for any retailer in today’s difficult climate. As consumer behaviour shifts towards digital channels and convenience becomes increasingly important, retailers must adapt their payment methods in-store to meet these changing expectations and align with online. One such innovati...
27 March 2024 /payments /devops
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