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Global
1st SEPA Payment Account Access (SPAA) Rulebook: A Detailed Overview
On 30 November 2022, the European Payments Council (EPC) published the first SEPA Payment Account Access (SPAA) scheme rulebook. This set of guidelines and standards stretches beyond the PSD2 scope to new premium concepts and creates a foundation for businesses to adopt a wider array of open banking-powered payments.
09.01.2023
3 min
Global
Real-Time Payments: A Look Back at 2022 & 2023 Preview
The relevance of real-time payments (RTP) nowadays cannot be overstated, as they help to minimize financial anxiety by ensuring near-instant, simple, and secure transactions. This leads to RTPs becoming table stakes worldwide, driven by significant demand from both consumers and businesses.
04.01.2023
5 min
Global
Key Digital Payment Trends Retailers Should Watch in 2023
The digital payments landscape is transforming rapidly, so it’s essential for retail businesses to keep up with the changes to remain competitive. This entails not only monitoring emerging trends but also taking time to analyze past strategies. And what better time to do it than the end of the year?
27.12.2022
4 min
Global
The UK’s Payments Industry 2030 Agenda: Challenges & Opportunities
The UK’s payment ecosystem has a solid reputation as one of the forefronts of innovation and best practices. Moving forward, this sector is expected to live up to its high standards and realize even more of its enormous potential.
16.12.2022
4 min
Global
Can Lenders Benefit from Analyzing Alternative Credit Data?
Until just a few years ago, lenders would only take “traditional” credit data into account when assessing people’s solvency and making loan decisions. However, this approach is far from perfect, as it doesn’t take a large share of the population into account. As a result, millions of individuals overlooked by the old scoring system remain virtually invisible to finance companies.
15.12.2022
4 min
Global
Key Holiday Season Considerations for Payment Industry Businesses
The holiday season is finally here! As people actively shop for gifts for their loved ones, stores, businesses, and PSPs are busier than ever. So, while the celebrations are certainly an exciting time of year, they also come with pressure to provide the best experiences to consumers, from creating the best offers to ensuring the checkout goes smoothly.
13.12.2022
4 min
Global
Connected Cars: How Are They Helping Drive the Payment Revolution?
Modern vehicles continue advancing at an impressive pace and are becoming increasingly more connected. Just a few decades ago, it was unimaginable that a car would be not only a convenient means of transportation but also a wallet on wheels, featuring embedded payments and enabling consumers to buy services on the go.
07.12.2022
4 min
Global
What Impact Will UK's PSD2 Open Banking Have Worldwide?
Open banking continues forging ahead globally, and more and more consumers and businesses start noticing its powerful impact. While the open banking concept has been around since 1983, it is the Second Payment Services Directive (PSD2), introduced in 2018, that has defined it the way we know it today.
02.12.2022
5 min
Global
Authorization Vs. Capture: Here’s What Merchants Need to Know
From a consumer’s perspective, card payments are quick and simple transactions that only take seconds to complete. However, there are many processes that take place behind the scenes after a purchase is initiated. Understanding these ins and outs of a payment’s lifecycle is extremely important for merchants to deliver impeccable service and retain customers.
01.12.2022
3 min
Global
The Role of Regulation in the Evolution of A2A Payments
The advancement of open banking and Application Programming Interfaces (APIs) has catalyzed the appearance of multiple new access and connectivity opportunities. This innovation course, in turn, has played a critical role in strengthening the links between FinTechs, banks, and payment platforms and streamlined the rise of account-to-account (A2A) payments.
30.11.2022
4 min
Global
How Will the EU Commission’s New Regulation Change Instant Payments?
On October 26, 2022, the European Commission published the proposal for a Regulation on Instant Payments (IPs), thus fulfilling its commitment to the 2020 EU Retail Payments Strategy. This initiative suggests important changes to the 2012 SEPA Regulation and has the potential to redefine the way IPs in euros operate.
29.11.2022
3 min
Global
How Did Southeast Asia Outpace the West in Digital Economy Growth?
As economies across the globe go digital, Southeast Asia (SEA) is surpassing the US, China, and Europe and taking the lead. Over the past few years, SEA’s digital economy has achieved astounding success and reached $143 billion in 2021. What’s more, this number is forecast to increase by more than 17% and hit $314 billion by 20261.
28.11.2022
3 min
