What, Why, and How According to FIS, “traditionally, payment analytics awareness has been low and the more savvy merchants have relied on simple reports organized around Bank Identification Numbers (BIN files).” As payment environments complexify, these legacy payment analytics are insufficient to support growth. For the purposes of simplicity, we will be referring to Bank…
By Isabella Pelegero What qualifies an organization to set standards for the payments environment? And by whom are these organizations kept accountable? According to the U.S. government, “how standards are set is a matter of some concern because the economic and social stakes in standards are so large. The standards development process must be fair…
RPGC is releasing a white paper which presents the business case for a new “Payments Orchestration Layer” or POL. Over our many engagements, we have observed that companies have a pressing need for an abstracted layer in which global connectivity, smart routing, real-time ledgers, and end-user tools all work together. Otherwise, environments can look messy,…
Payment Switch: The Base of a Payments Architecture Whether built or bought, the payment switch is a crucial architecture component for any enterprise merchant. Rene Pelegero & Daniel Pelegero | @dangerpele | Merchants have a greater need for a vendor agnostic strategy than ever before. Yet, the implementation and maintenance challenges have also increased….
by Daniel Pelegero, @dangerpele American Express wants to position itself as the American version of Alipay. During an Investor Call, new American Express leadership announced that they are lowering their average global fee by 5 or 6 basis points to 2.37%. The logic makes sense, cut prices to increase sales and net revenue should out-gain…
Is this the beginning of a trend? The growing freelancer economy – already 11% of the working adult population in the U.S. are working as full-time independent contractors – has given rise to marketplaces such as Fiverr, TaskRabbit, Rover, Snagajob, Care.com and many more. It’s expected that the majority of the US workforce will be…
Our friends at Rituala are deep into the technology and business uses being born from PSD2 and the Open Banking Initiatives. Tell them what you think and how your company is responding to the new initiatives on their survey. Your answers will help determine industry readiness for the January 2018 deadline. Survey answers will be anonymized…