Sticks, carrots, omni-bodges and aching voids: payments 2019 unravelled!
Following on from the IPSOS/Bottomline fourth annual Business Payments Barometer, a panel of experts, drawn from two representative bodies and the banking and technology sectors, was summoned to delve deeper into the rapidly changing payments landscape. This is what they had to say.
By next year, 90% of businesses are expecting to use real-time technology in their decision-making processes. The payments industry is promoting the idea not least because the regulators are paving the way for increased competition through notions such as open banking and the roll-out of APIs. However, the game-changing development that is real-time payments also raises the spectre of real-time fraud.
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