Despite all the automation and improvements that digital banking has the potential to achieve, customers and their needs still form the very core of the banking sector.
Politicians have united in urging the Reserve Bank of Australia to lend its backing to the digital currency by officially recognising it.
Merchants are aiming to meet the expectations of increasingly demanding consumers while still maintaining operational efficiency, reports SIX Payment Services.
The EU's updated Payment Services Directive (PSD2) is expected to heighten competition among the banks, open markets to non-banking challengers and foster vigorous innovation across the financial sector.
Banks which start to prepare now for the region to join the move to immediate payments can secure a major competitive advantage.
The banking industry is on the frontline of technology adoption, and with the rise of fintech, banks are facing increasing pressure to evolve all aspects of the traditional ‘brick and mortar’ model.
Businesses are looking for speed and convenience for cross-border transactions and the good news is that real-time international payments are on the way.
Traditional banks and fintechs are in a “summer of love” period, the year of reciprocity, of mutual respect and joint ventures.
The cheque might be an outmoded payment method, but many US organisations are reluctant to give it up. What’s more, after years of decline, cheque fraud shows signs of an uptick.