Ordo now partnering with Payment Service Providers to transform #paymentsprocess with end-to-end, Open Banking Solutions that deliver the perfect alternative to card schemes, including eCommerce and QR code Point of Sale solutions.
The new PXP research report ‘The COVID-19 Effect on European E-Commerce and Retail’,
explores UK and European consumer attitudes to the future of retail shopping.
Close to a quarter of a million people around Ireland received a Perx Reward from their boss while working from home last year.
Not only is the extension of digital banking services and digital payments solutions integral to the growth of mobile and online marketplaces, but also it is central to the monetary revolution taking place right now with cryptocurrencies and the rise of a cashless economy. We have identified three major movements in digital banking that could shape how the next several years play out, from enhanced payments processing to the integration of new consumer blocks into the financial system.
Radar Payments launches Tap to Phone, making it easier for sellers to use their mobile devices to accept payments and offer enhanced customer experience.
Digital banking is not only the future of banking but also it is allowing for new business segments to emerge and for smaller companies to compete on a more level playing field with major competitors. We’ll explain what they are and how they are making such a massive impact on the financial landscape of today.
The COVID-19 pandemic is changing the way businesses conduct themselves online as well as customer expectations about what they can do. In other words, shopping has moved from the retail space to anywhere a consumer has a smartphone and digital banking is among the greatest business innovations that have enabled this brave new world.
Disruption is a buzzword that is often bandied about in the media for one reason or another but rarely do we take time to consider what it actually means in the marketplace.
To watch that in action, we need only look as far as banking and how banking as a service, or BaaS, is changing the landscape of the once-staid financial industry forever.
Miroslava Betinova, Head of Strategic Sales at PPS, discusses the trends we’ll see in the fintech industry this 2021.
A gift card isn’t just for Christmas, it’s handy for a crisis too: reflecting on the small things making a huge difference
The future of global commerce could be a cashless society, many experts predict, and that puts the burden on financial institutions to make sure their customers’ data is secure and protected.
As digital banking rises to replace the more traditional industry, one phenomenon has arisen hand-in-hand with it and that is the use of biometric technologies.
The rise of digital banking has taken the traditional financial sector by surprise and for many good reasons. From pioneering the art of customer service online to using artificial intelligence to handle many of their operational tasks, digital banking is not just a glimpse of the future of finance. It is a peek into the future of the world of business itself.
The fast-changing world of digital business is one in which staying ahead of the competition is often as much about thinking outside of the box as it is anything else.
But that’s much harder than it might seem at first glance, especially for firms in highly-competitive environments.
The COVID-19 pandemic is nothing less than an inflection point for the global economy. From this point on, people will discuss business in terms of pre-COVID-19 and post-pandemic, and for good reason.
The global pandemic has initiated changes in the global supply chain that were slowly developing before but that are now becoming more prominent features of the landscape. Not only are companies pulling resources in towards the home base, but also they are recentering their businesses for the digital landscape.
Judopay has launched its integrated payments offering, JudoAccept, that will help SMEs maintain safety and social distancing measures at the checkout as highstreets reopen.
JudoAccept totally removes the need for interaction with any sort of payment terminal by allowing businesses to use smartphones and tablets to present the customer with a QR code that can be scanned by their devices at a distance.
Removing the need for costly payment terminals, integration resources and development time, JudoAccept also presents companies with a cost-effective alternative to usual payment methods as they operate in the current economic downturn. It can also be used can also create and send payment links for items such as takeaway food, taxi fares, invoices or utility bills.
At Consult Hyperion we always round off the year with some time reflecting on what has been, and kicking off our thinking for what’s ahead. This is our Live 5. Readers over the years will know our Live 5 traditionally takes market insight, coupled with research and conversations with our clients; then we consolidate our thinking and detail four short- to medium-term trends and one that’s perhaps not as obvious, or maybe a little further out. When we reviewed previous years, we’ve been a pretty good weather vane. 2020 has been a year like no other, so our Live 5 is taking a slightly different approach. If 2020 has taught us anything, it is that the best laid plans can be rendered irrelevant by a “black swan” event.
Taxi Companies in Scandinavia Go Contactless and COVID-safe with HIPS Payment Group’s QR Payment Solution, a First for the European Market Solution supports current trend towards contactless payments HIPS launches
New research released by British fintech Currensea reveals that of the 80% of British SMEs (4.72 million businesses) that trade internationally in any given year, 1.18 million have had to pause directly because of the global pandemic and a further 283,000 because of Brexit..
Lockdown 2 – Ordo is the safe & free alternative to cash and cheques for the UK’s community of helpers….again
The Payments Association have decided to co-promote For Good Causes Christmas campaign. It’s a great opportunity to work together to make a difference. It gives: companies – a new way
UNDER EMBARGO UNTIL 9AM OCTOBER 28 TH , 2020 The Fintech Power 50 launches the Fintech KICKSTART scheme to provide employment opportunities for young people. The Power 50 will act
As #emerchants face high market volume and volatility, they will benefit from setting a North Star to focus on customer experience while effectively managing #fraud and #transaction risk. At Cybertonica, we create solutions on our SaaS/PaaS platform to make trust and frictionless commerce safe and secure for businesses and consumers. We know that outdated rules and operations can create almost Kafka-like situations. This happens through false positives and inappropriate rule-action that make consumers unhappy and businesses less profitable. We decided to collect stories from colleagues, friends and people in our network, including our customers and their clients, telling us how their e-commerce experience is going in this period. What we found was that there are both nightmares and nice surprises, but the payment experience is still far from perfect.
The COVID-19 pandemic has had a profound impact on all areas of society. The virulent nature of the disease has led to many changes in our daily lives and the payments industry has not been immune to the need for transformation.
For Good Causes clients are taking the fight back to COVID-19, with an alternative approach to celebrating Christmas 2020.
Steve Wilks describes a campaign that means companies can feel good about Christmas, and feel good about helping others feel better about it too.
As the virus closed everything down, my workload increased by 10-fold and I started to feel like a 1950’s housewife with a career on top! The volume of work sky
The coronavirus pandemic – which has hit the big metaphorical ‘pause’ button on the world – has seen routines upended, travelling coming to a grinding halt in order to curb the spread of the virus, and the world of work flipped on its head.
With governments around the world advising or mandating that people remain at home, commutes to the office have gone from a 90-minute balancing act on a crowded train amongst throngs of commuters, to a 10-minute shuffle from the bed to the kitchen table.
So how has GPS helped our staff navigate this strange “new normal” and what lessons might there be for the future?
COVID-19 continues to spread rapidly and the economic crisis escalates globally every day in the face of the pandemic. The humanitarian cost and stress on health systems and infrastructure induces fear and uncertainty, affecting lives and livelihoods on a daily basis. One area of great significance is the threat of illiquidity among partners and cashflow crises that damage or destroy once stable businesses. Cybertonica is building a new feature for Acquirers that predicts cash flow impacts and liquidity problems Merchants may face so that the payments operator can react appropriately, maybe vary conditions or seek to terminate a relationship if there is a risk of bankruptcy or fraud.
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
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.
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
During his 1962 State of the Union Address, John F. Kennedy declared: “The best time to repair the roof is when the sun is shining”. While the original philosophy behind
The fintech industry is no stranger to a crisis. The financial crash in 2008 gave rise to fintech darlings such as Funding Circle, Seeders and TransferWise; and over the last
Starling Bank is the only challenger bank to record more app downloads in May than the year before, thanks to a tv ad starring a shed and lockdown loans for
60 per cent growth in the number of Barclaycard customers who have gradually returned to trading and taking payments last week, compared to the first full week of April 8
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.
Cybertonica CEO and Co-Founder Joshua Bower-Saul along with Tony Craddock of The Payments Association discussed the Impact of COVID-19 on Payments Security at Payment Systems Regulation and Innovation Online Conference on June 4th, 2020.
Hosted by City & Financial Global, Payment Systems Regulation and Innovation Online Conference focused on all aspects of payments innovations, including regulatory framework, in the context of the new challenges brought on by the current global crisis.
Issues covered in the event include:
– Reducing the risk of fraud and cyber risk with and within the next generation of payments security
– Shaping and re-shaping the payment industry: privacy, data access and regulatory considerations
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.
On 11th March 2020, the World Health Organization (WHO) declared the COVID-19 outbreak a pandemic. At the time of writing, hundreds of thousands of lives and businesses have been affected.
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