In this blog, Aniruddha Maheshwari, Payments Consultant and Jeremy Bliss, Business Development Director at Icon Solutions, discuss the use case for Request to Pay and the opportunities for revenue generation. Having just attended the Pay.UK (formerly known as New Payment System Operator (NPSO)) progress update event, there seems to be a good amount of excitement, anticipation and intrigue […]
Last week I attended the Federal Reserve’s inaugural FedPayments Improvement Community Forum in Chicago which had six Fed COOs participating and the Fed Governor, Lael Brainard, giving the opening keynote. The purpose of the Forum was to drive workshop-style sessions to help influence and guide the United States’ journey toward a faster, safer, more efficient […]
In this blog, Simon Wilson, Global Sales Director at Icon Solutions, discusses how banks need to emulate the market disruptors to compete in a digital world. The financial services sector has entered an unprecedented period of upheaval driven by changing consumer behaviour, technology innovation and regulation. Consumers are digital natives used to products and services being available […]
In this blog, Sailesh Panchal, Chief Technology Officer at Orwell Group, discusses how mobile instant payments are evolving with the implementation of PSD2. Mobile – first for customers Consumers will use apps on their smartphone instead of a computer to do their banking by as early as next year with 75% of the adult UK population using […]
There was one overwhelming take away for me from EBAday in Munich. It was that the phrase “instant payments is the new normal” has become meaningless. The statement fails to capture the magnitude of the impact real-time payment processing has: the wealth of use cases it offers, the opportunities for the API economy it brings […]
I’ve been attending the NACHA Payments conference for many years, either as a banker, technologist, or industry research analyst. In recent years, the conference has been re-invigorated as the US begins to implement faster, real-time payment solutions. With my research focus on corporate banking and treasury management, I attend NACHA with a somewhat different lens […]
In this blog, Richard Dear, Business Development Director, Icon Solutions shares his top SCT Inst implementation tips from a recent InstaPay webinar featuring Accenture, UniCredit HVB, Raiffeisen Bank and Icon Solutions. The recent InstaPay webinar “Transitioning to Instant Payments in Germany” provided some more TIPS (pun intended) for the introduction of SCT Inst. Icon’s very […]
In this blog, Aniruddha Maheshwari, a payments consultant with Icon Solutions, discusses how payments architecture needs not only to meet the demand for Instant Payments, but also the demands of the future. In Germany, many of the smaller banks (for example Sparkasse banks) have opted to use payments as a service via a Technical Service Provider (TSP) […]
In this blog, Jeremy Bliss, a Business Development Director with Icon Solutions, discusses why there is no room for manoeuvre with the 2019 deadline for the Hungarian instant payments scheme.
An important meeting took place this week in Budapest between the Hungarian National Bank (MNB); Giro Zrt, who will operate the country’s new instant payment scheme; and Nets who will build it; plus the various financial institutions that will connect to it.
In this blog, Aniruddha Maheshwari, a payments consultant with Icon Solutions, discusses the appetite for instant payments in Italy and why it pays to be an early adopter. The benefits of being an early-adopter Even though EBA Clearing launched SEPA Instant Payments in November 2017 via RT1, so far only a handful of banks (early-adopters) have decided to offer the Instant […]
In this blog, Richard Dear, Business Development Director, Icon Solutions shares his insights from the recent European Central Bank event focused on TIPS and the impact it will have on Europe’s SCT Inst scheme. At the European Central Bank’s recent #TIPSapp event there was lots of focus on opportunity, both short-term and longer-term from the introduction […]
Heralding ‘momentous change’ is common in prediction articles, says Paul Horlock, CEO of the UK’s New Payment System Operator, but this year it’s justified although we’re only in the foothills. NPSO, which consolidates three retail payment schemes into one, will oversee the move towards a New Payments Architecture (NPA) and there are the PSD2, Open […]