Posted: 21/11/2023 | Read time: 2 minutes   Our survey finds a lack of internal skills and cost concerns are impacting the widespread adoption of instant payments. More than half (54%) of businesses consider inefficient back-office processes the primary obstacle to delivering real-time payments, according to the results of our recent survey. We polled executives…

Posted: 09/11/2023 | Read time: 4 minutes   Annual safeguarding audits reassure customers – and the FCA – that their funds are protected. And with the regulator coming down hard on firms that don’t comply, preparing for audits is key. However, while the UK regulator is clear about what they require from you, they don’t…

Posted: 02/11/2023 | Read time: 6 minutes   How we pay has changed a lot over the past 15 years, as new technology moves us away from cash and cheques and towards digital wallets. McKinsey expects global digital payments revenues to hit $3 trillion by 2026 – up from $2.1 trillion in 2021. As the…

Posted: 23/10/2023 | Read time: 3 minutes   The Federal Reserve has launched its FedNow service. So participating banks and payments services providers (PSPs) can now offer instant payments to businesses and individuals. This will have huge consequences for the global payments industry. For individual firms, offering the service will also have a big impact…

Posted: 09/10/2023 | Read time: 3 minutes   Nicholas Botha, Global Payments Lead at AutoRek, explains how the EU instant payments legislation proposals will impact banks and payment service providers’ key functions – and how to prepare for impending changes.   In October 2022, the European Commission proposed new legislation to make instant payment services…