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How the world pays
Payment habits are strongly national. They have developed over time and have been shaped by various cultural, political, economic and technological factors. In its most recent white paper RS2 examines the overlap between digital and local payment methods, both in the face-to-face world and online. The rise and rise of debit The world is paying [...]
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Lower cost of Instant Payments opening market for small and mid-sized banks
A new study by Lipis Advisors, experts in real-time payments, has found that the cost of migrating to Instant Payments infrastructure for small and medium sized banks is far lower and more controllable than previously thought. This revelation suggests that smaller banks are actually better positioned to respond to regulatory and consumer pressures for Instant [...]
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4 million ($5bn) same day ACH Payments transacted in October 2016
NACHA released Same Day ACH transaction volume data for October, the first calendar month following Phase 1 implementation on Sept. 23, 2016. Same Day ACH, an industry initiative to move payments faster, was responsible for 3.8 million transactions in October, totaling $4.98 billion with an average transaction amount of $1,303. This data shows strong use [...]
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Blockchain: new DNA for financial transactions?
From modernising payment infrastructure and enhancing security, to driving efficiencies and innovation. Whatever the question, Blockchain seems to be the answer nowadays. Announcements from the last month alone are fairly typical. The Swiss stock exchange said it is building a Blockchain proof of concept for securities processing. IBM and China UnionPay are putting bonus points [...]
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Half of global banking customers now using FinTech – World FinTech Report
Half of banking customers across the globe are using the products or services of at least one FinTech firm[1], according to the first World FinTech Report (WFTR) from Capgemini and LinkedIn, in collaboration with Efma. The inaugural report quantifies and tracks customer response to the rise of FinTechs, includes the views of financial services industry [...]
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