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The Payments Business

Share opinion and experience on how the payments landscape is changing and learn about the challenges and opportunities facing payments stakeholders in the future.

Scott Lane

Scott Lane Business Development Director at MobiCash

Super app, or just another mobile payments app?

When we talk about mobile payment apps, many think of a mobile wallet app – one you can use to pay for goods and services with merchants who accept mobile payments. Mobile wallets can often offer different options within the payment process, such as the choice of different source cards or accounts, using NFC or QR codes to create a quick, easy pay...

/payments

Scott Lane

Scott Lane Business Development Director at MobiCash

Could 2021 be the year of the payments super app?

Smartphone technologies have been driving payments innovation and influencing customer habits for years. But the digital demands of 2020 have created an exceptional environment for mobile apps and payments, a trend that will undoubtedly endure and evolve far beyond the challenges of this year. The demand for mobile According to a report from Merch...

/payments

Retired Member

Retired Member 

Will Covid-19 spell the end for cash?

Bank debit schemes. Contactless technology. Mobile wallets. Payments technology has evolved at an incredible rate. Even before Covid-19 cash was losing its dominance around the world. Now the coronavirus pandemic has accelerated the global transition towards a cashless economy. Cash is under attack on all fronts, in terms of both its physical use ...

/payments /startups

Jeremy Light

Jeremy Light Co-founder at Fourdotzero

Big Brother is Watching You - Payment Systems, Surveillance Systems, Control Systems

1230 words, 4:50 min read An Orwellian Dystopia As more and more payments become digital, a key question for payment systems architects is how to preserve the privacy of their users. Without privacy, payments systems risk becoming surveillance systems for government agencies and for corporations. In turn these can be extended into control systems ...

/payments /regulation

Joris Lochy

Joris Lochy Product Manager at Intix | Co-founder at Capilever

Payment contact management - Room for innovation

Executing payments has evolved considerably over the last years. While 25 years ago most payments were done by filling in a paper form, today almost all payments are initiated digitally via a web or mobile banking platform. Together with this digitalization came also a whole eco-system of toolsto further simplify these digital payments (not conside...

/payments /retail

Reed Luhtanen

Reed Luhtanen Executive Director at U.S. Faster Payments Council

Exploring QR Codes for Faster Payments

Around the world, QR codes continue to explode in popularity as a payments instrument. In China, over the past three years, QR code “scan-to-pay” solutions have grown 15-fold, reaching $1.3 trillion U.S. in the fourth quarter of 2019. And globally, 4% of all consumer transactions leverage a QR code, according to research from Kleiner Perkins Cauf...

/payments /retail

Reed Luhtanen

Reed Luhtanen Executive Director at U.S. Faster Payments Council

The Dialogue Driving the Faster Payments Interoperability Question

Dialogue is an integral part of our society. Real, meaningful dialogue can be the driver behind collaborative action that can bring out change, understanding, cooperation, confidence, and more. And in today’s environment with now-daily conversations about issues that are core to our humanity – systemic racism and oppression, health and safety conc...

/payments /retail

Sunil Jhamb

Sunil Jhamb Founder and CEO at WLPayments

Staying in control of digital payments

The recent much publicised twitter hack is another example why for the CIOs and CTOs of banks and PSPs, fraud and security are ever-present concerns in the back of their mind. Protecting both their own organisations and their merchants from the threat of cybercrime is a truly business-critical challenge – and one in which the stakes are always ch...

/payments

Pierre-Antoine Dusoulier

Pierre-Antoine Dusoulier Founder and CEO at iBanFirst

Protecting your business against bank transfer fraud

Increases in fraud during COVID-19 The upsurge in online fraud attempts during the COVID-19 lockdown is part of a long-term upward trend, internationally, observed in all sectors. According to PWC, 47% of businesses worldwide have been victims of fraud in the past 24 months. Action Fraud, the UK’s National Fraud and Cybercrime Reporting Centre has...

/payments

Sunil Jhamb

Sunil Jhamb Founder and CEO at WLPayments

How payment evolution can drive conversions

A record 33% of UK purchases took place online in May, according to the Office for National Statistics. Yet with average conversion rates at less than 3%, firms are still missing out on billions of potential income. The likes of better, persuasive sales copy on websites can help firms profit more from the fast-rising interest in e-commerce in the p...

/payments

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