Tag: payments

FinTech Rising Ebook: Developments indicating the future of money, finance, and payments

The financial services industry is in the nascent phase of digital transformation. The industry that gave rise to the use of electronic computing in business enters its next stage of technological evolution. We call our industry briefing “FinTech Rising” to emphasize the growing global traction and innovation in financial technology, the acceleration of the transition from the initial electronic financial technology systems to their digital FinTech cousins.
Read More

The Fed Drives Forward on the Payments Innovation Road

The legitimation of digital money accelerated with a push on the gas pedal by the U.S. Federal Reserve. The Fed’s highly anticipated paper paper Strategies for Improving the U.S. Payment System, provides a surprise and more of the same for business people interested in the development of a faster and more efficient system in the United States for making domestic and international payments. Without  [...Continue Reading]
Read More

Chicago Bitcoin Meetup Packs a Crowd to Hear Bitcoin Development Expert Andreas Antonopoulos

The room at 1871 was designed for maybe 35 people, but by the time the Chicago Bitcoin Meetup started, more than 75 people were packed in. They came to hear long-time bitcoin expert and public speaker, Andreas Antonopoulos, author of the bitcoin development guide Mastering Bitcoin: Unlocking Digital Cryptocurrencies, published by O’Reilly.   Introduced by Matthew Roszak, founding partner at Tally Capital, Chicago, and producer  [...Continue Reading]
Read More

Why and How Banks Collaborate with Digital and FinTech Companies

The antagonism between tech companies and banks in the payments market is turning toward alliance. Digital giants and fintech startups supposedly poised to gobble up bank customers and the defensive banks commonly considered blind and slow are finally seeing the mutual benefit of collaboration. Although warnings for banks to go digital and mobile are still dire, and predictions that banks will have their lunch  [...Continue Reading]
Read More

Taking on International Supply Chain FX Risks

As the US economy continues to strengthen, many treasury teams are wisely reviewing established payment practices to allow them to take full advantage of new growth opportunities. A US company that has taken the time to explore and implement finance and treasury processes that work best with international suppliers and customers will have greater opportunities to maximize rewards and gain a competitive advantage. Read  [...Continue Reading]
Read More

A Straight Path to Receivables Reconciliation

Though straight-through reconciliation for receivables (STR) may often present more of a challenge than straight-through processing for payments (STP), recent advances in regulations, electronic payments acceptance and paper-to-electronic (P2E) conversion, allow companies to move rapidly toward the STR ideal. Many are now looking to achieve rates of success similar to what they have achieved with straight-through processing for payables. Read the rest of the  [...Continue Reading]
Read More

MOBILE PAYMENTS: Desire, Fear, and Other Commercial Conundrums

Mobile commerce is still an emerging market in search of itself, with both the boosters and skeptics commenting in recent weeks. The swirl of news and surveys illustrates the tensions between tradition and innovation that mark the new-technology dance of entrepreneur demand creation and consumer desire fulfillment. A Big, Fat Cloud In a study that articulates demand for mobile phone payments, Accenture says that  [...Continue Reading]
Read More