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Offline settlements with a digital pound: Lessons from the BoE’s report

The Payments Association

While the flexibility of offline payments presents certain implementation challenges, these pilots have consistently demonstrated both the technical feasibility and the clear advantages for end users.” Education and Financial Literacy – A Prerequisite for Safe Use Offline payments introduce behavioural complexity for end-users.

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Mastercard: Collaboration Is Key To Scaling Real-Time Payments

PYMNTS

According to Shultz, all of the components of the payments ecosystem must work together to develop real-time payment products and services, with an emphasis on easy onboarding and an elevated end-user experience for corporates and small businesses. “There is less time to apply traditional fraud techniques,” said Shultz.

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How Interac e-Transfer Won The Ubiquity Game In Canada

PYMNTS

Typically, financial institutions (FIs) are a tougher sell than end users when it comes to new money-moving products. These ensure that the money promised is actually available to be sent and that the payment is irrevocable, or can’t be taken back by the sender once it appears in the recipient’s account.

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Retail Enablers: Woolworths Goes High-Efficiency With HighJump

PYMNTS

Or at least, it’s changed irrevocably since evolving markets have brought businesses and end consumers into closer orbit. B2B is dead. B2B will never be the same because of the ‘C’ component,” said David Houser, senior vice president for international sales at the global supply chain management company HighJump.

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Why It’s Time To Shut Down Cryptocurrencies

PYMNTS

Bitcoin’s innovation — anonymity and irrevocability — have taken the friction out of crime. That means that those costs are passed down the ecosystem to end users. They also use it to move money out of countries where strict currency controls exist. And criminals use it to grow their businesses.

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Sleepless In Payments

PYMNTS

Because we’ve all seen what happens when we let the shiny new toy syndrome (aka what’s best for the innovator and not the end user) drive innovation. Prepaid is another product category that sounded good to innovators but perhaps less compelling, at least so far, to the intended end user. Instantly, and irrevocably.