PaymentsJournal

Credit unions don’t want to be disadvantaged by their technology. They aim to offer members the same capabilities available at competing financial institutions. A critical part of that is having an ecosystem they can plug into—one that allows them to run their operations efficiently while staying competitive. To help credit unions achieve that, Velera recently introduced a unified, cloud-native ar...

The most expensive resource in any small business isn’t capital—it’s time. And increasingly, that time is being swallowed up by something owners never set out to manage: payments. The last thing business owners want to do is devote more energy to managing payment processes. Many small businesses have discovered business management software with embedded payment capabilities that remove much of the...

Payments risk is no longer confined to a single payment rail or transaction type. Financial institutions and businesses today must manage risk across the ACH Network, checks, wire transfers, real-time payments, and a growing number of emerging payment methods. As the payments ecosystem becomes more interconnected, professionals need a broader understanding of how risks differ across payment channe...

Consumers may be spending more cautiously, but they’re not spending less strategically. As inflation, rising debt, and economic uncertainty continue to pressure household budgets, shoppers are becoming intentional about every purchase they make. To stretch their budgets further, many consumers now map out discounts and sales well in advance of major shopping events and holidays. This growing focus...

Picture the scene; a U.S. developer discovers that one of their fastest-growing markets is overseas. For many digital businesses, the first signs of international opportunity develop quickly. However, new local markets also mean new local complexities. Brazilian customers expect support for Pix. In India, UPI dominates the payments landscape. In Poland, BLIK accounts for as much as 70% of e-commer...

Few payments professionals have been able to observe and influence the industry as much as Jane Larimer, President and CEO of Nacha, who has helmed the organization that governs the ACH Network through challenging industry transitions and considerable organizational success. In her nearly 31 years at Nacha, Larimer has seen firsthand the shift away from analog and inefficient transactions and towa...

Quantum computing may still be years away from breaking cryptography, but powerful quantum computers are rapidly advancing, and their impact on cybersecurity is already unfolding. Unlike previous technological shifts, it has the potential to render some of today’s most trusted cryptographic protections obsolete—forcing organizations to rethink how they secure data long before the threat materializ...

Artificial intelligence has raised consumer expectations. Today, people can create a personalized event invitation, social media post, or digital experience in seconds, so why does the payment card they use every day still feel generic? That question is driving renewed interest in payment card innovation, including personalization, premium materials, digital integration, and stronger security feat...

Know Your Customer rules were designed to stop financial crime, but in practice, they are increasingly being bypassed by both human error and machine-generated deception. Last year, Barclays was fined £42 million (roughly $56.9 million) for failing to properly vet clients for money laundering risks. In this case, the UK lender had access to all the information required to flag the offending client...

Despite near-constant industry buzz, the days when artificial intelligence agents dominate e-commerce—and consumers widely complete in-store purchases with a palm swipe—have not yet arrived. This is not to say they will never arrive, but if the rollout of prior tech trends like biometric authentication and embedded finance is any indication, there is still substantial runway before this financial...