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  • user 12:18 pm on August 18, 2018 Permalink | Reply
    Tags: , Aggregated, , , , , Update   

    BBVA Compass App Update Allows All Customer Accounts to Be Aggregated 

    As head of online and mobile banking at #BBVA #Compass, Alex Carriles is always thinking of ways to increase #customer interaction via digital channels by catering to an existing customer need, instead of creating a new one. This is what led to the addition of its latest mobile banking feature, a financial tool that lets […]
    Bank Innovation

     

  • user 12:18 pm on June 10, 2018 Permalink | Reply
    Tags: , , , Nixdorf, Update   

    Mastercard and Diebold Nixdorf Update the Cardless ATM 

    The cashless society we’ve been promised is still years away, and in the meantime, ATM innovation continues. A new venture between #Mastercard and #Diebold #Nixdorf, a global ATM provider, sits at the intersection of mobile transactions and cash. Mastercard Cash Pick-up, announced yesterday, enables users to have cash dispersed without a bank account or even […]
    Bank Innovation

     

  • user 12:18 am on April 12, 2018 Permalink | Reply
    Tags: , , , , , Update   

    Bank of America Brings PFM Features to Latest App Update 

    EXCLUSIVE – #Bank of #America today notified its mobile app customers of a new feature with PFM functionalityr The new “Goal Tool,” can be accessed through the mobile app. A user can add a goal (and even attach a picture to that goal), and then can allocate money to that goal within the app. For […]
    Bank Innovation

     

  • user 3:35 pm on September 11, 2017 Permalink | Reply
    Tags: , , , midyear, , , , Update   

    2017 payments predictions: A mid-year update 

    Earlier this year I made a set of #payments #predictions for #2017, which is living up to expectations as a year with new developments and change occurring on all fronts. In this blog, I give an #update on how the payments landscape is shaping up and rotating towards a new world of digital payments.

    Contactless and Mobile Payments

    Prediction: Contactless card transactions in the UK will rise to between 6BN – 9BN transactions in 2017, (compared to my forecasts a year ago of 3BN transactions for the UK for 2016).

    • UK Finance figures show 2.5BN transactions in the first six months of 2017 compared to 1.1BN transactions in the first six months of 2016, a 130 percent increase pointing to at least 6BN transactions for the whole of 2017.
    • Contactless payments are an important indicator of rapidly changing consumer behavior, and the experience in the UK is a mirror of a global trend.

    Contactless transactions are growing at a huge rate, far faster than most realize, showing a profound change in the way we pay across the globe. They are also spilling over into mobile contactless payments (e.g. Apple Pay) which grew 336 percent in the UK in the first half of 2017 compared to the same period in 2016 according to Worldpay.

    Retailing/Acceptance

    Prediction: Voice payments solutions will start making a hit with the public—perhaps through Siri on iPhones, Alexa on Amazon and at POS.

    • According to Business Insider research (June 2017), 8 percent of US respondents to their 2017 BI Intelligence survey said they used voice commands to buy something, send money to a friend, or pay a bill.
    • Amazon, Apple, Google, and PayPal all have voice capabilities—with, for example, Barclaycard launching a voice payment service with Siri in August 2017.

    Voice payments and voice commerce are an emerging trend that is here to stay.

    Prediction: Alternative payment mechanisms (APMs) such as PayPal, iDEAL in the Netherlands and Klarna (Europe and US) will continue to grow strongly (20 percent – 30 percent) for e-commerce, driven both by convenience and by high fraud rates in card-not-present transactions.

    • PayPal grew payment volume by 23 percent in Q2 2017 over the same quarter last year, while Klarna reported a 37 percent transaction growth in Q1 2017.

    APMs are already more popular than cards in some countries for e-commerce, and this continuing trend shows cards dominance is under threat globally.

    Real-time Payments Interbank Infrastructure

    Prediction: The UK will continue to lead the world in instant payments. Plans will be developed for a new real-time payments infrastructure that leaps ahead of current implementations in terms of ambition and capability.

    • The Payment Strategy Forum published its consultation in July 2017, which outlines its blueprint for a New Payments Architecture in the UK and its ambition to deliver it in 2020/2021.

    Prediction: Faster Payments will process 1.65BN transactions, 15 percent higher than 2016 (1.4BN transactions).

    • Faster Payments processed 790M payments in H1 2017, 15 percent higher than H1 2016. The continuing growth of real-time payments in the UK demonstrates the sustained, and irreversible demand for real-time payments and the beginning of payments atomization—the growth of UK real-time payments in large part is due to more payments being made, rather than just simple substitution of other payment types.

    Instant or real-time payment infrastructures are appearing all around the world. Adoption is gradually gaining pace and we can expect years of ongoing renewal, such as in the UK, as they embed and evolve with the demands of the digital economy.

    Distributed Ledger Technology

    Prediction: #Bitcoin transactions for 2017 will be 150M transactions (up from 83M in 2016), miners’ revenue $ 850M ($ 562M in 2016), the average hash rate will be 5.7gh/s (1.5gh/s average in 2016), $ 120BN will be transacted in Bitcoin ($ 56BN in 2016) and the average number of unique addresses used daily will average 600K (406K addresses daily in 2016).

    • In H1 2017, there were 52M Bitcoin transactions, a 36 percent increase implying just over 110M transactions for the full year; miners’ revenue was $ 567M, a 77 percent increase implying $ 1BN for year; the average hash rate was 3.8gh/s, a three-fold increase implying 4.6gh/s average for the full year; $ 77BN was transacted in Bitcoin, a three-fold-increase implying $ 175BN for the full year; and the average number of unique addresses used daily averaged 535K, a 37 percent increase implying 560K average addresses for the full year.

    This is a blizzard of statistics, but they show that the Bitcoin network continues to grow in terms of transactions and users (addresses), that significant sums are transacted over it, and that while miners are multiplying—in fact, tripling—the computing power (# rate) in the Bitcoin network, they are receiving significant rewards for doing so.

    The number of Bitcoin transactions is still very low for a payments network, and are constrained by the current network capacity limit (which is supposedly being resolved), indicating that the Bitcoin network is more a store of digital asset value than a payments network. However, while miners’ revenue is dependent for now mainly on block rewards, over time this will diminish increasing their need to compete for transaction fees, and if Bitcoin is to endure, the number of transactions will need to grow significantly.

    I suspect that this is part of Satoshi Nakatomo’s game plan for Bitcoin, and if it materializes, Bitcoin will become a mainstream force over the next 10 years as a store of value and as a payments network.

    Prediction: Ripple will be the one DLT player in payments that grows, with its #technology moving on from use by #banks for pilots, bilateral exchange and internal payment flows, to use as a new cross-border payments network with growing transaction volumes between networked banks.

    • Ripple launched the Ripplenet payments network this year to standardize participation and access to the Ripple network, has 90+ customers, 75+ commercial deployments in progress, and has a network running with 47 banks in Japan.

    Ripple goes from strength-to-strength. While there are some examples of banks experimenting with other DLT, such as R3 in Singapore, no other DLT player comes close to the penetration of Ripple in payments, particularly cross-border payments.

    The post 2017 payments predictions: A mid-year update appeared first on Accenture Banking Blog.

    Accenture Banking Blog

     

  • user 3:36 am on November 20, 2016 Permalink | Reply
    Tags: , Landkarte, , , Update   

    Schweizer Fintech Landkarte – November Update 

    Die soeben erschiene neue #Schweizer #Fintech Map von #November beinhalted nun 168 Schweizer Fintech Startups.  Vier neue sind seit Oktober dazugekommen.

    Die Newcomers sind:

    • green match
    • SONECT GmbH
    • One PM AG
    • Tilbago AG

     

    Swiss FinTech Startup Map November

    Swiss FinTech Startup Map

    Swiss FinTech Startup Map

    The post Schweizer Fintech Landkarte &8211; November Update appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

    Fintech Schweiz Digital Finance News – FintechNewsCH

     

  • user 9:40 pm on September 13, 2016 Permalink | Reply
    Tags: , , , , , Update   

    Circle Brings Blockchain Payments to iMessage With iOS 10 Update 

    #Blockchain #payments firm #Circle has integrated with Apple #iMessage as part of its iOS 10 #update.
    CoinDesk

     

  • user 3:36 pm on May 22, 2016 Permalink | Reply
    Tags: , , , , Update   

    The Swiss Fintech Startup Map Overview (May Update) 

    Swisscom/eforesight shows every month a very nice #overview with the #Swiss #Fintech #Startup Map Overview. Here the May #Update, now counting 180 (+4 vs March) Swiss Fintech Startups.

    Fintech Startup Map Switzerland May

     

    The post The Swiss Fintech Startup Map Overview (May Update) appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

    Fintech Schweiz Digital Finance News – FintechNewsCH

     

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