"For decades, the point of sale (POS) has been the driving force behind in-store transactions. However, in the rapidly advancing landscape of technology, emerging innovations are redefining the traditional POS. As technology continues to move forward, customers are...
People Hated Shopping Carts When They Were Invented in 1937
"During the Great Depression in the 1930s, most Americans were just trying to get by, and few had the luxury of coming home from the grocery store with extra items. But that didn’t stop an Oklahoma grocer from coming up with the idea of a shopping cart, an invention...
UK Banks to Invest £1.8 Billion in GenAI by 2030 as Zopa Bank Unveils Plans to Re-Skill 100,000 Workers
"Digital bank Zopa and Juniper Research have today released a new study detailing the seismic impact of Generative Artificial Intelligence (Gen AI) on the UK banking sector. UK banks are poised to invest over £1.8 billion ($2.5bn) in Generative Artificial...
Automated Clearing House Payments [History]
"Automated Clearing House (ACH) payments were first established in the 1970s by the Federal Reserve System and the banking industry. Up to that point, cash and checks had been the principal methods for retail payments in the United States. ACH payments, which are...
“Future of Banking: Navigating Change” Conference Highlights Opportunities and Challenges for Community Banking
"On June 5, experts from the financial industry and regulatory community gathered at the Federal Reserve Bank of Kansas City...Although new technologies such as faster payments may also present some near-term challenges for community banks, they are likely to present...
Reserve Bank Gets Green Light to Take Full Control of South Africa’s Instant Payment System
"The Competition Commission has recommended that the Competition Tribunal approve the South African Reserve Bank’s acquisition of control over BankservAfrica, without conditions. BankservAfrica is the developer and processor of South Africa’s new instant payments...
ISO 20022 for Financial Institutions: Navigating the End of Coexistence
"Are you prepared for the end of coexistence inNovember 2025? After 22 November 2025, the coexistence period between MT & ISO 20022 ends, and all cross-border payment instructions sent by financial institutions must be exchanged in the ISO 20022 messaging standard."
Zelle® Launches “When it Counts” Brand Platform, Elevating $1 Trillion in Payments into Moments that Matter
"Zelle®, the person-to-person payment network that reaches more than 150 million enrolled user accounts in America, is launching a new brand platform and campaign: “When it Counts.” The campaign, which goes live on September 2, shows everyday payments – to a...
Proposing a Trusted Agentic Commerce Protocol
"AI Agents have barely begun to meet their potential. Across Forter’s network of over 280,000 merchants, we’ve seen a 700% increase in the number of sites where agents are browsing. While Agentic transactions might start as a fraction of total purchases, merchants...
Deutsche Bank Optimises UPI Connectivity to Streamline Merchant Payments in India
"Deutsche Bank said that it has enhanced its merchant solutions in India by directly integrating with the country’s Unified Payments Interface (UPI), enabling faster and more reliable digital payment processing for large merchants and Payment Service Providers."