Collaboration is key to digital banking

The COVID-19 pandemic has dramatically accelerated change in the payments industry. Digital payments have soared as the world has worked and played from home. Innovation has ramped up as the payments industry has raced to meet demand and develop new products and services. And organisations’ resilience has come under greater stress as they scramble to meet their payments obligations while mitigating risks such as cyber threats. New research from FIS suggests that as businesses look to focus on recovery from the pandemic, there is widespread acceptance that now is the time to invest in new payments innovations and upgrade capabilities. In particular, real-time payments are at an inflection point. Demand from customers and suppliers is growing, and providers are now overcoming their previous challenges of fragmentation and technology blockages. As the real-time payments model matures, it looks set to be at the heart of the next stage of payments innovation.

Payment trends over the last 3 years indicate that the use of checks has declined by nearly 14% while the adoption of ACH, Credit Cards and Virtual Cards is rising steeply. However, if you are like most companies you might be struggling with controlling the costs of processing e-payments, or being able to drive your customers to adopt e-payment methods. Does that mean that the utopia promised by e-payments is a myth?

First recognized as the basis of Bitcoin and other cryptocurrencies, blockchain may change the relationship among colleges and universities, providing a globally distributed network for securely sharing resources and records, including student transcripts, degree information and other data.How might blockchain innovations positively impact your institution? During the event, Nathan Phelps, Principal Architect for Product Development, explored how blockchain technology may reshape higher education, including. Academic credentials can be written to a blockchain so students can provide verification of their academic credentials at any time

Implementation of a new tax technology throughout your business can make it easier to scale for growth, as well as integrate with your ERP, point of sale (POS), and subscription billing service. According to a survey conducted by CIO.com, 78% of IT professionals expect digital transformation to greatly impact their organization