Category: Channels

August 23, 2023

By bringing together such a group under one platform, Mastercard aims to bring a “greater understanding” of the advantages and disadvantages of CBDCs, and how they can be implemented in a way that is “safe. seamless and useful”. Inaugural members […]

July 31, 2023

Elon Musk last week unveiled a sweeping rebrand of Twitter, the social media site he acquired for $44 billion in October. The billionaire replaced the platform’s iconic bird logo with an ‘X,’ the site’s new name and reflection of his […]

July 25, 2023

The advent of online payment systems has greatly simplified monetary transactions in the modern era. Technology and the broad use of the internet have contributed to the rise in popularity of online payment systems, which have many advantages for consumers, […]

July 11, 2023

This agreement was confirmed by the signing of a memorandum of understanding in Phnom Penh, Cambodia’s capital city, this week. The focus of the agreement is to provide better support for residents of both countries in making and receiving cross-border […]

July 3, 2023

The sheer volume of data that continues to grow exponentially, coupled with the demand for real-time insights and the diversity of data sources, present formidable obstacles in integrating and utilising data resources. In this article, I will explore the complexities […]

May 29, 2023

The combination of higher interest rates and technology means that banks with robust mobile banking capabilities have also seen more deposit runoffs — even before the spring banking crisis — according to researchers from Columbia University, the University of Chicago […]

May 17, 2023

In the weeks following Silicon Valley Bank’s downfall, the 25 largest U.S. banks experienced a $120 billion increase in deposits, according to the Federal Reserve. Meanwhile, the nation’s midsize and community banks saw deposits fall by over $108 billion during […]

May 11, 2023

As more companies boost customer convenience by adding self-checkout or allowing mobile pay, Amazon One takes it further by allowing customers to buy their items without taking out a wallet or phone. Users can complete most of their sign-up ahead […]

May 4, 2023

The introduction of real-time payment networks, like the Federal Reserve’s FedNow and The Clearing House Payment Company’s RTP, has been touted as a significant advancement in payment processing — and rightfully so. The ability to make payments in real-time is […]

May 2, 2023

Through the new solution merchants operating on Shopify will be able to pay bills via credit, bank or wire transfer, as well as choose how their vendors will receive payments separately (by check, bank or wire transfer), without having to […]

April 26, 2023

But when it comes to payments, the US has been lagging compared to its peers in Europe, Africa and Asia. Whether it’s contactless payments, UPI, open banking, PayNow or NITMX, nations across the world are racing ahead when it comes […]

April 13, 2023

With the rapid growth of eCommerce and the increasing number of online transactions, security concerns have become more prevalent than ever before. Payment security has been a major issue in the online business environment, with many of them falling prey […]

April 5, 2023

Kyriba’s API Connectivity Network integrates banks, enterprise resource planners (ERPs), trading portals, data services and payment apps using pre-built connectors to minimise IT installation time and cost. US Bank and Kyriba clients can now send instant payments to vendors, customers […]

April 5, 2023

Treasury Prime, an embedded banking software platform, launched OneKey Banking, giving customers the ability to make instantaneous cross-bank network transfers, the fintech announced last month. The instant cross-bank transfer via OneKey Banking allows fintechs and other enterprises to choose a […]

March 17, 2023

PayShap was born out of the Rapid Payments Programme, led by BankservAfrica and South Africa’s payments industry, as part of SARB’s Vision 2025, which sets out nine goals to improve the country’s payment system. With PayShap, consumers will have access […]

March 10, 2023

Security Bank will deploy ACI’s enterprise payments platform to modernise its payments infrastructure and provide personalised banking, as part of its digitalisation strategy. The “flexible” cloud-native real-time payment architecture means Security Bank can provide existing and incoming payment types for […]

March 8, 2023

Aite-Novarica Group research reveals that payments is an important area of growth and innovation within the commercial banking space, and legacy systems cannot support end-user demand for better payment capabilities. Almost half of banks surveyed say fintechs, which typically provide […]

February 14, 2023

The global contactless payment market size is expected to reach USD 164.15 billion by 2030, registering a CAGR of 19.1% during the forecast period. Growing adoption of new payment technologies, such as Host-based Card Emulation (HCE) and Near Field Communication […]

February 13, 2023

At the same time, the headwinds of change have also served as a catalyst for new forms of money to come to the fore – the number of cryptocurrencies tracked by CoinMarketCap reached the 22,000 mark in early December. The […]

February 1, 2023

Trust Bank will make use of FIS’ Open Payments Framework offering to facilitate all its payment transactions, including traditional and real-time payments. FIS says its cloud-native solution will make payments “safer and faster” for Trust Bank’s customers, as well as […]