Payments and Collections

2016 Payments Trends – Updates to internet security cause confusion and failures

Posted on Feb 03 2016 by

The fourth item on the list of payments trends for 2016 is not specifically a payments industry issue although it could have a significant impact if not properly managed.

Cash-savvy millennials out-saving their free-spending parents

Posted on Feb 03 2016 by

New research from our Millennial Me & My Money report, reveals nearly half that (45%) of Millennials (18-34 year olds) manage to save at least a quarter of their disposable income every month – compared to just a third (34%) of their parents’ generation (35-55-year-olds).

2016 Payments Trends – Electronic push payments start to stem the rise in debit cards

Posted on Feb 02 2016 by

The third item on the list of trends for 2016 is the changing means of customer purchases.  The third item on the list of trends for 2016 is the changing means of customer purchases. Over the last few years, debit card transactions have increased significantly, overtaking cash by volume of payments in 2015. This has […]

2016 Payments Trends – The customer/bank interface will be opened up

Posted on Jan 29 2016 by

The second item on the list of payments trends for 2016 is around the way that bank clients access payment and banking services. A key topic for a number of regulators is how to increase competition in the provision of bank account services. Some of the issues to be addressed are the sizable investments required […]

What is days beyond terms and how can you reduce it?

Posted on Jan 29 2016 by

Days beyond terms (DBT) is a commonly used business credit term that indicates how long a business has taken to pay its invoices beyond the agreed payment terms. Prompt payment of invoices is one of the biggest problems that SMEs face. Just over a half of UK SMEs have to wait 30 days or more […]

2016 Payments Trends – Gearing up for PSD2 – strong authentication and identity management

Posted on Jan 21 2016 by

As the Second Payment Services Directive (PSD2) starts to get implemented in national laws, customer authentication is going to become a more fundamental aspect of the payments process: it will be needed more frequently and will need to be more robust using multiple factors for re-authentication. As part of the process of transposing PSD2, the […]

Payments 2016 – Will these be the top 5 payments trends?

Posted on Jan 11 2016 by

Having given my overview of the top 2015 payments topics it’s time to take a look at what I think will be coming up in 2016. In general 2015 was a year when big ideas started to take shape and I’m hoping that 2016 will be the year that we see those ideas developed into […]

Online shoppers are unforgiving – once they’ve gone, they’ve gone for good

Posted on Jan 08 2016 by

Millions prefer buying online to speaking with a salesperson – for everything from financial services, to car insurance and utilities.

2015 Trends – And in Other 2015 Payments News…

Posted on Dec 24 2015 by

Our previous 2015 Trends blogs have highlighted some of the most important developments of the year, here are a few more that are worth noting. SEPA (Single Euro Payments Area) continued its journey with preparations being made for the approaching 2016 deadlines. Banks and Payment Service Providers are assessing the implications of moving to IBAN […]

2015 Payments Trends – Regulation – all change interchange

Posted on Dec 24 2015 by

The fifth and final trend in my earlier blog on the top 5 payments trends in 2015 was another regulatory push, this time from the EU and with the goal of making card processing fees more standard and transparent by putting caps on the fees payable by merchant acquirers to issuers and by ending some […]