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Latest Results from /payments

Paige McNamee

Paige McNamee Senior Reporter at Finextra

The crucial role of seamless bills and payments processes to organisational success

While the benefits of fast payment processing for merchants and e-billers are well understood – the pressures of today’s payment landscape mean that the need for seamless billing and payment has never been more pronounced, regardless of whether payments are digital or paper-based. Firms are juggling the pressures to remain compliant with new regul...

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Scott Hamilton

Scott Hamilton Contributing Editor at Finextra Research

Will embedded finance change UK fintech by 2035?

Buying vs. building is not going away, it’s accelerating in the business world. This is an extract from the recently published report, 'The Future of UK Fintech - 2015-2035'. Three in five (60%) UK adults has used embedded finance services as part of the checkout process when shopping online in the past 12 months. Embedded finance services include...

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Vladimir Krasik

Vladimir Krasik Global Head of Internal Treasury at Revolut

Are fintechs destined to become banks?

Fintechs have been challenging traditional banks for a few decades now. Since the inception of the sector, fintech service providers were aiming to solve the inefficiencies present in legacy models: provide better coverage, accelerate transactions, reduce transaction costs. The umbrella term covers a diverse lot of companies from peer-to-peer paym...

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Níamh Curran

Níamh Curran Senior Reporter at Finextra

What are NFC payments?

Apple is being sued by the US Department of Justice for an alleged monopoly on smartphones, with NFC technology playing a large part in the argument. Apple tap-to-pay uses NFC technology to enable its payments, but as it stands in the US, no other digital wallet can be used on their mobile devices. It’s important to look at what NFC payments are an...

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Dominique Dierks

Dominique Dierks Content Manager at Finextra

BNPL – are we nearing extinction in Europe?

In an unexpected move, NatWest has announced the closure of its buy now, pay later (BNPL) service less than two years after its launch. While citing a “clear demand” from customers for BNPL products at the initial launch in 2022, the bank now revealed that their service did not have the desired impact and uptake remained low as customers instead ...

/payments

Níamh Curran

Níamh Curran Senior Reporter at Finextra

Generative AI and AI outlook 2024: Customer journeys, fraud and legislation

Artificial intelligence (AI) and generative AI saw an immense boom in 2023, with some calling it the technology’s breakout year. What was once viewed as something of science fiction is coming closer to reality, with the abilities of the software developing at pace. Yet how is the technology going to progress throughout the year in the financial tec...

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Nebo Djurdjevic

Nebo Djurdjevic CSIO at Vega IT

Capitalising on the embedded finance revolution

The concept of embedded finance is, at the face of it, a simple one to grasp; be it a loan at the point of purchase or an insurance offer when you rent an apartment. While it simplifies the lives of consumers everywhere, the embedded finance proposition is not a simple one to grasp from an investment perspective. Is embedded finance a fad or a re...

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Sehrish Alikhan

Sehrish Alikhan Reporter at Finextra

Top 5 payments updates this month

The payments field is a fast-paced and dynamic sector, with an increasing amount of products and services being launched on the daily. To keep updated with the latest innovations, here are the top stories in cards and digital payments in February 2024. Check out my colleague Niamh Curran’s payments update to see what you missed in January 2024. BN...

/payments

Madhvi Mavadiya

Madhvi Mavadiya Head of Content at Finextra

What is correspondent banking? Exploring Swift, AML, FATF, and the Wolfsberg Principles

Correspondent banking, believe it or not, continues to be a hot topic. Cross border payments are still not as efficient as they should be, meaning international trade is still not real-time, and those financially excluded can only benefit from instant payments by using correspondent banking networks. While there is a need to resolve these issues,...

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Madhvi Mavadiya

Madhvi Mavadiya Head of Content at Finextra

How to implement an instant payments system

In November 2023, Swift connected domestic payment schemes across Europe, providing end-to-end transparency for instant cross-border transfers within the European Union. The European Payment Council’s One-Leg Out Instant Credit Transfer scheme (OCT Inst) went live and now enables payments to and from Europe to be processed 24 hours a day, seven ...

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Madhvi Mavadiya

Madhvi Mavadiya Head of Content at Finextra

Super Bowl 2024: The fintech firms that spent $7 million on a 30 second ad

Taylor Swift’s attendance at the Super Bowl LVIII in Las Vegas captured more attention than winners Kansas City Chiefs this weekend, that’s for sure. After Usher’s – and Alicia Keys, Lil Jon and Ludacris’ halftime show, fintech firms also attempted to make the most of the now global captive audience by advertising during the big game. Super Bowl 5...

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Níamh Curran

Níamh Curran Senior Reporter at Finextra

What is Faster Payments?

TCS emerged as a leading contender earlier this week to take over the running of the UK’s Faster Payments Service, according to Sky News. This would mean they take over from the previous operator Vocalink, owned by Mastercard. My colleague Dom previously covered what instant payments are, but here I’m going to look at the UK Faster Payments schem...

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