Payments News

On The Web

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Reports

The value of standards in the FX market

“The global FX market, which trades in 180 currencies and in large volumes, cannot operate without high levels of automation. With millions of confirmation messages exchanged every trading day between counterparties, discrepancies can lead to thousands of potential settlement failures. SWIFT is leading industry efforts to increase automation levels in the FX market through better […]
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Reports

Restaurant Digital Orders Grow Beyond Delivery

“The growing access to foodservice delivery has garnered lots of attention from the marketplace and media, but while delivery grabs the spotlight, digital restaurant orders overall steadily grow by double-digits, reports The NPD Group . Restaurant digital orders, which are defined by meals or snacks ordered via mobile app, internet, or text message, have grown […]
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Reports

Mary Meeker’s Internet Trends 2019

“At 3.8B, the number of Internet users comprises more than half the world’s population. When markets reach mainstream, new growth is harder to find as evinced by declining new smartphone shipments in 2018. While E-Commerce continues to gain share vs. physical retail, growth rates are slowing. While Internet advertising growth is solid & innovation is […]
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Reports

How Consumers Approach the Many Ways to Pay

“Adoption of online and mobile banking seem to be entry points to other digital services, including bill payment. As adoption and use of online and mobile banking increases, bill payments in those channels are expected to see corresponding gains. Seventy-four percent of online banking users take advantage of online bill pay, and 65 percent of […]
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Reports

Brits Care More About Online Payment Security Than Convenience

“British consumers care far more about online payment security than speed, simplicity and convenience, according to research from Equifax, the consumer and business insights expert.   Two thirds (66%) of people rate safe and secure payments as most important in the online checkout process, with only one in ten being most concerned about speed or […]
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Reports

Cash Trends in the Modern World

“Cash as a payment medium is alive and well, even if it is slowly decreasing as a proportion of total payments. Cash’s share of total payments has declined, on average, 1 to 2 percentage points each year since 2015, when we began conducting DCPC studies regularly. The latest DCPC shows cash is the second most […]
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Reports

Payments in a Global, Digital World: The Australian Payments Council Strategic Agenda

“Our world is increasingly globalised, digitalised and inter-connected; our lives are increasingly shaped by global platforms. Within this changing world, the payments system is rapidly becoming the point of integration for a range of services and products. This changing context points us towards the need for a new direction in our strategic thinking. The new […]

On The Wires

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Reports

TNS Report Shows Alternative and Cashless Payments Adoption at an Inflection Point With Security a Concern to Wider Usage

“In a study commissioned by Transaction Network Services (TNS) consumers expressed their openness to embracing alternative payment options, including the use of wearables and smartphones. However, acceptance of cashless payments comes with a high degree of concern surrounding the ability to secure these devices. 44% of respondents are willing to make a payment using a wearable device like […]
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Reports

Connected Customers Are Driving Retail’s Transformation

“With more options for shopping than ever before, consumers aren’t just replacing one method for another, they’re shopping everywhere. A new study from Adyen (AMS: ADYEN), the global payments platform of choice for many of the world’s leading companies, in partnership with 451 Research, reveals that the most important thing shoppers prioritize is convenience in North […]