September, 2017

• 1 September

  Challenges And Benefits of Same-Day ACH Debits

  

  The introduction this month of same-day ACH debits will cause some headaches. But all things considered, same-day processing might well end up slowing the momentum of real-time alternatives, says Sarah Grotta. With the supposition that faster is better when it comes to money, the automated clearing house network is entering …

July, 2017

• 1 July

  Preaching to the Wrong Choir

  Republican backers of repeal of the Durbin Amendment lost a key battle this spring because they concentrated their arguments on Congressmen and financial institutions. Success in the future will depend on firing up consumers, argues Eric Grover. On June 8, the House of Representatives passed the Financial Choice Act, albeit …

June, 2017

• 1 June

  Payment Regulations Aren’t Keeping Payments Safe

  

  There are several reasons why you can’t rely on law and regulation, says Ed Adshead-Grant. Here’s where they fall short and what you should do about it. Initiatives like open banking and faster payments have ushered in a whole new era in the world of business-to-business payments. The industry is …

May, 2017

• 1 May

  Why Big Banks Shouldn’t Own the Road to Faster Payments

  

  The same U.S. banks that have retarded progress in digital payments shouldn’t be entrusted with anything approaching a monopoly on implementing real-time payments systems, says Mark Horwedel. Lately, the Federal Reserve Board has been shepherding a cross-industry effort to build a faster, more efficient, and more secure payments system in …

April, 2017

• 1 April

  Account Takeover: Just a Phone Call Away

  

  By Adam Elliott This insidious fraud is on the rise, but some due diligence in checking phone-number changes can do much to combat it, says Adam Elliott. A bank customer using an online banking portal requests a large wire transfer. The bank is suspicious, so it contacts the customer using …

March, 2017

• 1 March

  Look Who’s Going for Network Effects

  

  Acquiring processors haven’t been thought of historically as platform businesses. But the industry is changing, and processors that do it right can achieve enviable valuations. The Holy Grail for payments companies is to enjoy network effects and critical mass. Global networks such as MasterCard and Visa have both in spades. …

February, 2017

• 1 February

  The Next Generation in Payments Is in Our Hands

  

  The financial-services industry is closer than you think to widespread adoption of biometric authentication, says Kirsty Tull. Here’s why. There is always that scene in action and spy movies. You know the one. In Mission: Impossible, they must defeat the facial-recognition system to access some secret data. James Bond’s gun …

January, 2017

• 1 January

  Catching the Faster-Payments Wave: What’s Stopping SMBs?

  

  The nascent faster-payments space is still working to tie together fractured payment networks and overcome interoperability issues that make it difficult for most SMBs to take advantage of the touted benefits. As businesses continuously seek new ways to improve efficiency and reduce costs, many companies large and small are working …

December, 2016

• 1 December

  Subscription Payment Is the Future. Are You Ready?

  

  Consumers are no longer enamored of single-purchase models. By adopting recurring-transaction models, companies can begin to offer a new and improved user experience. The subscription economy, a term coined by Zuora Inc., is growing fast, and businesses are taking note. According to a recent report from Zuora, a cloud-based provider …

November, 2016

• 1 November

  Why Semi-Integrated Solutions Are the Future of Payments

  

  Tired of PCI and EMV hassles? Consider solutions that shrink PCI scope and simplify EMV certification, says Andrey Tikhonov. One year after the EMV liability shift in the U.S., many merchants are still debating whether to update their payment systems as they learn about EMV’s value and the consequences of …