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Real-Time Payments: The Catalyst for Financial Inclusion

Share on facebook Share on twitter Share on linkedin Real-time payments (RTP) are changing the way we transact as individuals and as players in today’s digital economy. Available in the US since 2017, RTP enable instantaneous transactions and transfers that settle in seconds, 24/7/365. They rely on the ISO 20022 messaging standard allows bi-directional communication …

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Glossary Card Solutions

Share on facebook Share on twitter Share on linkedin A. Account Funding Transaction (AFT) An Account Funding Transaction (AFT) pulls funds from one card account in order to fund a separate account (this does not includes sales transactions). AFT’s are used to move funds to a digital wallet or prepaid card, transfer funds between financial …

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Why Banks Must Embrace End-to-End BaaS As The Invisible Engine of Innovation

Share on facebook Share on twitter Share on linkedin Consumers take a somewhat binary view of the features and functions that come packaged as innovative: They either believe they solve a problem and embrace it, or they go somewhere else that offers those features and functions. They also don’t care about the effort required to …

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Tokenization: a Gateway for Digital Inclusion in Latam

Share on facebook Share on twitter Share on linkedin Tokenization has been a key driver of digital payments in emerging markets, like Latin America. The COVID-19 pandemic has ushered in marked changes in the payment landscape in the region, as consumers are solidly shifting from cash and check-based transactions to mobile wallets, contactless payments, and …

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Nonbanking Financial Institutions Face Historic Opportunity

Share on facebook Share on twitter Share on linkedin Mexico’s nonbanking financial institutions (NBFIs), which were created to extend affordable financial services to sectors not generally suitable for traditional banks, are today facing a historic opportunity to leap forward and achieve their purpose through recent changes in the field of financial technology, or fintech. But, …

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