Content produced in association with ACI Worldwide. Click here to learn how to promote your business on PaymentEye.
Why do open payments matter?
With the arrival of omni-channel and cross-border payments, open payments and infrastructure in the payments industry are a necessity.
Merchants working multinational and multichannel need to manage multiple end-points to different channels, payment methods, or local acquirers. Those who can provide a single, technical gateway with one accessible API into hundreds of potential end-points will be the ‘winners’ in the industry.
But the payments industry has been slower to develop open solutions than other industries thanks to its reliance on security, along with issues of compliancy, costs and legacy systems.
ACI Universal Payments, together with First Annapolis Consulting, has published a whitepaper, ‘How does openness apply to payments?’, which explores why the issue of openness in payments is so timely and important. It includes:
- An in-depth look at the evolution of open payments
- Practical insights that Payment Services Providers can use to apply openness to their business
- A look at how companies like Square, Visa and EMVCo have already put openness into practice.
Click here to download the whitepaper, or scroll down for an infographic by ACI about the benefits of openness in payments.
The Emerging Payments Association (EPA) held a conference on Wednesday, 11 January to discuss its most recent report, and discuss the impact ... read more
Following a milestone in August, when spending via contactless accounted for 20% of all card transactions in the UK, the technology has reached another: contactless now makes up a quarter of all UK card transactions, according to the latest figures from the UK Card Association (UKCA).
The increase of ATMs installed away from bank branches is being driven by factors including banks' efforts to be more cost-effective, and the rise of independent ATM deployers, new research from RBR suggests.
Ford Motor Co and Amazon have announced a collaboration that will see Amazon’s Alexa integrated into Ford vehicles as a voice-activated digital assistant.