It is super instructive to hear about payments evolution. So, it’s time to take a trip. In this Payments on Fire® episode we speak with Charles Ifedi, one of the founders of Interswitch, one of the leading digital payments providers in Nigeria, and founder of customer engagement platform company eBanqo.
Payment authorization rates are a theme we return to regularly on Payments on Fire® because they matter so much to merchants, issuers, and the payment providers in between. If an issuer declines more transactions than its peers, the merchant and the issuer, in fact, leave money on the table. The merchant loses sales. The issuer loses interchange revenue.
In Glenbrook’s Payments Boot Camp® and in our payments consulting work, we use our Domains of Payments framework to subdivide the major use cases and payment contexts into a half dozen categories or domains. The Remote Domain contains cross-border e-commerce, a particularly challenging use case where the buyer and seller are separated by distance and, in the case of cards, credentials are presented without the cardholder present.
In this special episode of Payments on Fire®, Glenbrook partner Elizabeth McQuerry, partner in charge of Glenbrook’s Global payments consulting practice, leads a conversation on the development and adoption of realtime payments in developing markets.
Take a listen to Don Cardinal, GM of the Financial Data Exchange and Glenbrook’s George Peabody as they discuss the FDX API and its importance to the fintech and financial services community. It’s important to end users. And it’s a great example of how comprehensive standards can be developed swiftly.
Welcome to Payments on Fire® and to our third, now annual, discussion with Steve Ledford, SVP Products and Strategy at The Clearing House, and the leader of his company’s Real Time Payment Network initiative.
This is our era’s unprecedented event. I hope you’re staying safe, your family is all well, and you’ve got what you need for what looks to be a pretty long time. On the upside, I’ve seen and experienced people helping one another like never before. That gives me confidence we’ll be able to mitigate COVID-19’s impact on our healthcare system – and on all of us. The downside is obvious. The weight of the pandemic is going to come down heaviest on those with the fewest resources. Helping out is our best response.
Sometimes events delay things. Other times, they hasten them. At Glenbrook, the corona virus has sped us along a path we’ve been traveling for some time. The path is digital delivery of the Glenbrook Payments Boot Camp®.
Fraudster innovation is a constant. As the defenders of payment transactions thwart one fraud vector, these innovators, playing offense, switch tactics.
Today, the problem of knowing who you are, that you are who you say you are, in the digital domain demands stronger authentication techniques. Many of those rely on the attributes, the data, provided by the user or by the applicants in the case of credit extension.
On Payments on Fire® we’ve talked with gateway operators, processors, tokenization specialists, fraud management firms, and others – all providers who help payment acceptors handle their payments.
