The world’s nations look up to America for financial leadership. But in the realm of e-invoicing, it’s a different story.
Real-time payments could be moving a step closer to reality under pressure from forces both inside and outside of the financial services industry, say BAI Payments Connect 2014 panelists.
To manage zero revenue transactions, banks need to do a better job of reducing the operational costs of those transactions.
For mobile banking adoption to take off for high-value transactions, critical issues of access and awareness need to be addressed.
When financial institutions deploy major technology projects, they need to make sure that their business processes can accommodate the changes.
Financial institutions can use real-time payments to solidify customer relationships and ward off competitive threats from nonbanks.
New data visualization technology is enabling banks to capitalize on payments data that has historically been hidden away in databases and spreadsheets.
Moving to same-day ACH in the U.S. will cost banks on the front end but will lead to margin improvement over the long term.