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Episode 253 - Glenbrook Partners: 2024 Payments Industry Trends Wrap Up

The Glenbrook partners reflect on key trends and challenges in the payments industry that shaped 2024 - from generative AI, open banking, the evolving regulatory landscape, and the rise of fast payment systems worldwide. And you can't get the Glenbrook team in a "room" without discussing ongoing fraud implications, orchestration in merchant payments, and the progress of tokenization. Tune in to hear insights from our industry experts on these themes and more as we wrap up the year and look towards 2025.

Companies

Retail Fast Payment Systems as a Catalyst for Digital Finance

BIS

“The rise of digital technologies is challenging the dominance of traditional financial institutions, such as banks. Payments have been the most deeply impacted, and a number of initiatives aim to further increase their speed and convenience. Retail fast payment systems (FPS) offer one prominent example.”

Tags: Bank for International Settlements

Payments Testing Technology

Episode 252 - Testing, Testing, 123: Payments has evolved in the past 20 years, what about payments testing? with Steve Semelsberger, Testlio

Steve Semelsberger, CEO of Testlio, joins Yvette Bohanan and Drew Edmond to discuss the evolution of quality management alongside payments testing.

Companies

Combating Authorized Push Payment Scams in Fast Payment Systems

Kansas City Fed

“Fast payments can help consumers improve their cash flow, but the speed and irrevocability of these payments also make them a target for fraudsters seeking to commit authorized push payment (APP) scams. Combating APP scams is critical to ensuring the safety of fast payments and building and maintaining consumer confidence in fast payment systems.”

Tags: Federal Reserve

Banking Industry Cross-border Payments Data Financial Inclusion Treasury & Cash Management

Episode 251 - Bridging the Communication Gap Between Treasury and Payments with Debopama Sen, Citi Treasury and Trade Solutions

Debopama Sen, Head of Payments at Citi Treasury and Trade Solutions, joins Glenbrook for this episode to explore how treasury and payments professionals can collaborate on opportunities presented by the evolving payments landscape.

Companies

Ingo Payments and Sardine Launch Risk-Managed Instant Account Funding, Backed by Zero-Liability Fraud Guarantee

Ingo Payments

“Ingo Payments and Sardine announced a new partnership to offer instant, risk-managed account funding via card and ACH, backed by an optional zero-liability fraud guarantee. This, combined with Ingo’s industry-leading inbound check funding solution, provides issuers with a complete solution for fast, secure account funding across all three critical form factors: check, card, and ACH.”

Tags: Ingo Payments Sardine

Apple Mobile Wallets Security Technology Tokenization

Episode 250 - Fanning the Flames: Ten Years of Apple Pay

Yvette Bohanan and Russ Jones celebrate the 10-year anniversary of the announcement of Apple Pay by reflecting on its origins, challenges, and successes. The episode highlights key features like tokenization, encryption, and biometric authentication, emphasizing Apple Pay's focus on security, privacy, and convenience. Tune in to take a look back at Apple Pay’s significant impact on the payments industry and a look forward to its continued expansion.

Companies

Linking Fast Payment Systems Across Borders: Governance and Oversight – Final Report

BIS

“This report – a key deliverable under the G20 cross-border payments programme – aims to inform owners and operators of fast payment systems (FPS) when they are developing the governance and risk management of their FPS interlinking arrangement as well as overseers when they are defining their oversight approach.”

Tags: Bank for International Settlements

Industry

Evolving Payments Processes Using Blockchain and AI

Technology Record

“The way we handle payments is shifting fast, as banks and financial institutions adapt to keep up with customer expectations, says Orion Innovation’s Anoop Gala”

Companies

Nymcard Leverages Mastercard Move to Offer Fast and Efficient Cross-Border Payments Across 47 Countries

Zawya

“NymCard has joined forces with Mastercard to offer fast global money transfers to its customers from the UAE to 47 countries leveraging Mastercard Cross-Border Services, part of the Mastercard Move portfolio of money transfer solutions, to deliver international remittance experiences to various countries including Bangladesh, Egypt, India, Nepal, Pakistan, Philippines, Sri Lanka, United Kingdom, United […]

Tags: Nymcard

Global

Speech by Governor Waller on Interlinking Fast Payment Systems

Board of Governors of the Federal Reserve System

“Now that fast payment systems have been established around much of the globe—in over 70 countries and climbing—attention is turning to how these newer systems could potentially enhance global payments. Specifically, interlinking fast payment systems has been identified as a possible means to deliver enhanced cross-border payments for consumers and businesses.”

Fast Payments

Episode 246 - Going Real-Time with Dimitri Dadiomov, Modern Treasury

In this episode, we go deep on the state of real-time payments with Modern Treasury's Dimitri Dadiomov to understand whether we might be reaching the elusive “tipping point” for real-time payments in the U.S. and which players and what kind of use cases might be driving the growth.

Companies

BR-DGE Partners With Vibe to Fast-Track Travel Payments

IBS Intelligence

“BR-DGE has announced a new partnership with Vibe, a B2B travel tech platform that enables online travel agencies (OTAs) to build complete and bespoke booking solutions. Vibe can offer vastly enhanced payment connectivity and choice to its travel merchants and their end customers by integrating its platform with BR-DGE’s payment orchestration platform.”

Tags: BR-DGE

Companies

Pay by Bank: An Alternative and Easy Way to Make Payments

Atlanta Fed

“In the fast-paced world of digital finance, new innovations are constantly changing how we manage our money. One development is pay by bank, a payment method that allows consumers to make payments directly from their bank accounts—without using a debit or credit card.”

Tags: Federal Reserve

Global

Swiss Launch Instant Payments to Catch up With Europe

Reuters

“Swiss companies and consumers are now able to make instant electronic payments, catching up with other European financial centres where the ultra-fast transfers are increasingly popular. Instant payments allow credit transfers within 10 seconds of a payment being made rather than waiting for days for the transaction to clear.”

Tags: Switzerland