Payments - Long Reads, News, Articles & Research: Finextra

What are the benefits to the biometric payments rollout?

With the advent of numerous new technologies in payments, biometrics has taken a lead in authentication processes and accessibility. According to Global Market Insights, the biometric payment market was valued at $8.83 billion in 2023, and is expected to grow around 17.1% between 2024 and 2032. Biometric cards have further become a trend amongst p...

13 November 2024 /payments

How home-grown insights, big-bank connections fuel fast-growing treasury fintech

Scott Hamilton Contributing Editor at Finextra Research

How home-grown insights, big-bank connections fuel fast-growing treasury fintech

When Treasury4’s executive team contacted Finextra to announce that it was joining the JP Morgan Payments Partner Network, we were intrigued by the ‘why.’ We wanted to know what being a part of the JPM ‘payments ecosystem’ would really mean to a fast-growing, ‘actual-experience-driven’ fintech start-up like the Spokane, WA-based treasury and finan...

11 November 2024 /payments

What the new Data (Use and Access) Bill means for the UK

Chris Holmes Peer at House of Lords

What the new Data (Use and Access) Bill means for the UK

This time last year I was writing about an important milestone in the digital economy, the Data Protection and Digital Information Bill, which had just passed through its commons stages and was arriving with us in the Lords. Sadly, that bill was lost when the General Election was announced although it appeared to be revived, under a new name ‘the ...

08 November 2024 /payments

2025 payments trends and Finextra’s predictions for the new year

Madhvi Sonia Head of Content at Finextra

2025 payments trends and Finextra’s predictions for the new year

Launching soon, Finextra’s PREDICT 2025 channel will gather insights and ideas from the industry's top thought leaders, capturing how the financial services industry will tap into technology trends in 2025 and these predictions will be shared with our 700,000 monthly readers. From November 2024 to March 2025, Finextra will be hosting video intervi...

31 October 2024 /payments

Pix Automático: Unlocking the potential of recurring payments in Brazil

Dominique Dierks Senior Content Manager at Finextra

Pix Automático: Unlocking the potential of recurring payments in Brazil

Brazil’s Pix has been one of the most impactful success stories over the last decade. Created by the country’s Central Bank, the instant payments system purpose was to modernise Brazil’s payments industry by reducing consumers’ reliance on cash, lowering financial costs, and fostering financial inclusion – and it succeeded brilliantly. Launched in...

22 October 2024 /payments

Hamish Monk Senior Reporter at Finextra

How to build a mobile banking app

Mobile banking’s fledging iteration in the 1990’s was conducted via handsets’ Short Message Service (SMS). The offering was limited and inflexible – customers could check their balance or request to be warned if they were about to become overdrawn. By 1999, the world’s first Wireless Application Protocol (WAP) enabled mobile banking services in No...

14 October 2024 /payments

Hamish Monk Senior Reporter at Finextra

What is Open Banking?

After the financial crisis, there was a recognition that banking concentration could be disadvantageous – both in terms of competition and systemic risk. Since then, regulatory measures have sought to boost diversity in financial services, the most notable of which is Open Banking. Launched in the United Kingdom on 13th January 2018 following the ...

01 October 2024 /payments

Ushering in a new era of real-time payments

Dominique Dierks Senior Content Manager at Finextra

Ushering in a new era of real-time payments

The progress in real-time payments (RTP) has been significant over the last few years, and the momentum is showing no sign of slowing down. Today, there are around 96 RTP systems operational globally, with more and more countries building out their payments landscape. The economic impact of real-time payments is significant. In 2023, 266.2 billion...

26 September 2024 /payments

Sehrish Alikhan Reporter at Finextra

What are A2A payments?

The European Payments Initiative recently released a report stating that A2A payments are going to spike usage in the next few years; which begs the question, what are A2A payments and how to they differ from other digital payments methods? A2A payments, short for account-to-account payments, are the transfer of funds from one bank account to anot...

25 September 2024 /payments

What is the Regulated Liability Network?

Níamh Curran

What is the Regulated Liability Network?

UK finance announced the successful ending of the experimental phase of the Regulated Liability Network (RLN) last week. Following this UK Finance held a launch event with speeches from some of the partners who worked on the RLN – such as HSBC, EY, Barclays, Nationwide, and Lloyds – as well as announcing their next steps. While the outcome of the e...

23 September 2024 /payments

Why commercial banks should be concerned about a digital pound

David Skeie Professor of Finance at University of Warwick

Why commercial banks should be concerned about a digital pound

The prospect of digital currencies becoming part of our everyday lives has been on the agenda for the last decade. The closest they have come to impacting the mainstream financial system and economy in the West was the stablecoin Libra, later renamed Diem, proposed by Facebook in 2019. This attracted a significant backlash from regulators and conce...

19 September 2024 /payments

Hamish Monk Senior Reporter at Finextra

What is mobile banking?

Mobile banking enables customers to manage financial services – such as their balance, transfers, standing orders, statements, direct debits, overdrafts, and bill payments – via their smartphones. For this reason, mobile banking – compared to other legacy banking channels such as branch, internet, and even carrier pigeon – is the fastest-growing ch...

17 September 2024 /payments

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