Since the pandemic has started, cash is considered filthy, and it is capable of transmitting disease. Online Payments mitigate against the risk of disease transfer, but also open up new threats and vulnerabilities.
As brick-and-mortar firms come under increasing market pressure, eCommerce business models are starting to appeal to a larger segment of the global population and it is so for solid reasons. For one, they’re not only more nimble and agile firms when it comes to meeting customer demands and adapting to the market but also they are the first to take advantage of the latest innovations in B2B eCommerce solutions like virtual IBANs.
~70% of consumers have considered switching to technology-led banking products. Whether you’re an incumbent or a challenger how do you stack up against cutting edge technology and design? Well that’s where our new 5-week audio/eBook series comes in – sign up today to learn How to Build a Better Bank.
With much of the planet currently under lockdown, the chances are good that if you manage a development team, you’re currently doing so remotely. If the team you manage usually sits in the same office as you, it can be difficult to make the adjustment to working remotely while keeping the same level of productivity and, just as importantly, wellbeing among your team.
While most businesses are still operating remotely, CTOs and Product Managers are facing the increasing difficulty that making the shift to remote working brings. While it may be straightforward to scrape through on Slack and Zoom calls for a couple of weeks, as enforced remote working continues and temporary measures start to show their cracks, more permanent solutions may be called for.
How Hungarian key players adapt to changing market conditions?
Read our survival guide for working at home (quarantined or not)
An application that helps to deal with social distancing. Winning idea from Hack the Crisis Hackathon, Slovakia
As the collapse of the Wirecard empire is making us all too aware, relying upon one banking provider for your business is not only a disaster waiting to happen but also it could be terminal for your business. The fintech company which is one of the biggest European payment processors and financial service providers is now in the spotlight.
We will now analyze the facts behind why is that so and what are the potential market consequences.
Recent trends in the online skill games industry bode well for its future and that’s not just because of the wider acceptance of online gaming.
The growth in the skill games business can primarily be attributed to virtual IBAN advancements and the ease with which international transactions take place. Not to mention last the recent shift en masse to online entertainment because of the novel coronavirus.
What are the Top 2020 Trends? B2B eCommerce is projected to be the area of the largest eCommerce growth from 2020 to 2025. In 2020 the global revenue in B2B eCommerce is anticipated to be two times bigger than the one from B2C sales.
COVID-19 has a far-reaching effect on the global economy. It’s a fact. Companies are struggling to understand the full impact on businesses and how best to react to the new reality. ECommerce is one of the few areas currently showing signs of growth despite the overall economic breakdown.
In light of recent developments, we now have more questions than ever about the impact Brexit will have on businesses in terms of future development, certainty, and stability.
It may become harder to do business with long-standing partners, both for UK and EU businesses, with new barriers to trade and finance looking set to come into place.
As ‘data’ continues to systemically restructure our society, our economy, and our institutions in ways unseen since the industrial revolution two and a half centuries earlier, businesses have to accept that data lies at the structural sweet spot between technology, process and people.
2020 has been a year of much change and as a society, we are clearly heading towards a ‘new normal’ in terms of how we live our lives – from
The Payments Association, who represent 130+ members from across the payments industry, wishes to thank the CBI for inviting it to contribute to its research into Economic Stimulus policies to
The novel coronavirus outbreak that originated in Wuhan, China, in November of last year has since ignited a global pandemic that could permanently change the way business is conducted.
Not only that but, as with every economic crisis, there will be definitive winners from the aftermath of the economic fallout and these companies will help shape the future of e-Commerce in the USA/EU.
While many analysts could never have anticipated the impact of the novel coronavirus pandemic on the world economy, there is a general consensus about what firms can do now and moving forward to build resilience against future “black swan” events such as the one currently roiling world markets.
When it comes to the future of banking and finance, forward-thinking firms are exploring the benefits of digital innovations, such as virtual IBANs and digital banking services.
The new Dos and Don’ts for any business looking to attract and keep new international customers.
Standing still is going backwards. That’s true for every business at all times, but especially in the harsh economic realities of 2020. A long-predicted downturn hit, ignited by the coronavirus pandemic, and no sector is free from its impact. But there are still opportunities out there, especially for online merchants looking to grow.
Payments, Payments, Payments newsletter providing informed insights into the UK’s payment landscape – read, subscribe and share at: www.northeypoint.substack.com/welcome
Be at the forefront of the digital revolution
By the time the world recovers from the aftermath of COVID-19, banking institutions would have seen a vast transformation in their systems, processes, and customer relationships. New future-ready, digital banking solutions will offer as secure, as easy, and as welcoming customer experiences as the brick-and-mortar ones provide. At Maveric, we help banks accelerate their transformation initiatives by integrating domain, UX design, technology, strategy, and execution. We have been enabling banks to achieve their customer satisfaction goals and accelerate their digitization journeys with modern technology solutions. A calculated and well-thought plan and collaboration with the right fintech solution providers will help get you ready for this dynamic and ever-evolving journey of going digital and help you to rise above such extreme situations, now as well as in the future.
In this blog, fscom Senior Manager Colin Sloan outlines the application process for priority cryptoasset registration.
In this blog, fscom’s Alison Donnelly comments on the FCA’s increased focus on winddown plans.
The future is coming at us a lot more quickly than anyone anticipated. In light of the novel coronavirus and the pandemic it caused, keeping up with the technological advancement seems to be a top priority in most industries.
While many market analysts fingered digital banking as the wave of the future, nearly everyone is shocked at how fast these trends have accelerated in the past couple of months.
Opinion blog by Peter Cox, CEO and Founder of Contis Group. Analysis on the impact of Covid-19 and Wirecard on the payments industry, and what it’ll take for companies to survive.
A personal account of the experience of being furloughed and 7 top tips to help come out the other side in a more positive place.
Online crime gangs have used the coronavirus pandemic to scam consumers and businesses across the globe. So, this blog examines 4 key types of Covid19-related fraud to help keep you and your business safe.
The Payments Association and its members strongly urge the FCA to unfreeze Wirecard Card Services accounts, or facilitate a solution to enable safe access to e-money by e-money holders affected, as soon as it can, for the sake of cardholders, companies and their employees, and the UK fintech industry. Without this freezing being removed rapidly, we believe there will be significant and lasting damage to individuals, companies and the UK’s current and future prospects as leaders in fintech.
Businesses in payments are still operating effectively while organising themselves for the new reality. From early April the question becomes, ‘What now?’ as companies in the payments industry and financial
Seven themes shaping the future of payments in the year ahead By Tony Craddock, Director General, The Payments Association To do your job well, you need to know what’s going
On Tuesday 13th August, the Financial Conduct Authority (FCA) agreed a plan that gives the payments and e-commerce industry extra time to implement Strong Customer Authentication (SCA). Tony Craddock, Director
Project Transaction Insights is supported by our Benefactor, The Chargeback Company Fraud exists – has always existed. Whatever the method of payment or the value attached, there is a way
By Anne Pieckielon, Project Lead of Women in PayTech Background The Payments Association AGM gave me an opportunity to reflect on what the Women in PayTech (WiP) initiative has achieved
At the time of writing, Brexit has been postponed until 12 April 2019 and may be postponed again. With a Brexit outcome imminent in one form or another and Brexit
By Andrea Dunlop, CEO Merchant Acquiring Europe at Paysafe, and Payments Association Advisory Board Chair In 2018, we celebrated 100 years in the UK since women were allowed to vote,
By Norah Prida Bay, Member of Project International Trade & Digital Business Deployment Manager at HSBC In a recent speech, our President, Enrique Pena Nieto said: “Mexico is a
By Neil Harris (Advisory Board member at The Payments Association & CCO at Global Processing Services) Declining real wages, increased income volatility, the squeeze on benefit payments, along with the
[vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ width=”1/1″ tablet_text_alignment=”default” phone_text_alignment=”default”][vc_column_text] By Tony Craddock, Director General, The Payments Association Or, ‘What the Facebook data breaches really mean’
When asked to think about the main issues affecting the UK right now, it’s likely that slavery isn’t at the top of your list. It probably doesn’t even feature in
2016 was without a doubt a year full of data breaches. Many organisations, including Yahoo and Volkswagen, made the headlines.1 Additionally, 44% of respondents had experienced economic crime within the
With the help of our trusted Payments Association Ambassador, Svetlana (Lana) Hoffmann and conversations with many Payments Association members, we’ve produced 20 predictions for 2017. Take a mouthful, swill them
Friendly Compliance By Tony Craddock, Director General We enjoyed a warm welcome from Allinpay in Shanghai, starting with a dinner to die for at one of the best gourmet
Glimpses of the Future By Tony Craddock, Director General Insight 1 – Difficult is not necessarily bad It’s overwhelming sometimes. The regulations are complex and changing. The behaviour of
China: A country of Paradox By Tony Craddock, Director General Formed on the ‘now’ and the ‘here and now’. And four hundred years to build a wall six thousand
Letters from the Eastern Innovation Front By Tony Craddock, Director General I’m sitting in a classroom on the 20th floor of the CKGSB in Beijing. Why do I have a
When the news of Brexit broke, there was understandably concern over its implications on the UK payments market. After all, since 1999 the EU has successfully launched initiatives aimed at
I’ve not been backwards in coming forwards about my view that FinTech companies should be granted direct access to payments infrastructure. Earlier in the year I detailed my thoughts on this matter,
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