Opinions

Until significant steps are taken toward creating a seamless and intuitive experience, blockchain will fall short of its goals, as it is unable to communicate its value.

As banks continue to invest heavily in developing mobile and web-based services for personal and business accounts, investments, money transfers, micro loans and peer-to-peer payments to make the customer experience as seamless as possible, they cannot afford to let compliance efforts lag, writes Sam Abadir, vice president of industry solutions for Lockpath.

The SEC and other regulators are taking a closer look at ICOs and mergers involving cryptocurrencies and distributed ledgers, which requires careful diligence for payment companies and dealmakers, according to Will Turner, a partner in the blockchain and cryptocurrency practice at Steptoe & Johnson.

Payments providers can use this announcement as a chance to evaluate their mobile payment offerings and gain a better understanding of consumers’ evolving expectations in order to better serve their merchants, writes Casey Bullock, general manager of global enterprise e-commerce for North America at Worldpay.

Some companies believe that their employees will know the difference between legitimate versus spoofed emails. While this might be true some of the time, even one mistake can be costly, writes David Barnhardt, executive vice president of product at Giact.

Machine-to-machine payments and AI are paving the way for dynamic and rapidly adapting ecosystems, and it’s an exciting time to be in the payments industry. However, with all the transformation, financial institutions and regulators should be aware of the latest developments to adequately shift their strategies, writes Martin Amend, a senior consultant at Capco.

Physical keys are still an important part of securing IoT payment systems, writes Pip Courcoux, sales and product manager for CLIQ Systems at Abloy UK.

Payment preferences significantly vary from region to region, making the need to cater to local payment methods crucial, according to Steve Villegas, vice president of partner management at PPRO.

Transactions along the supply chain are a particularly good use case, argues Vinay Pai, senior vice president of engineering at Bill.com.

As Gen Z and the generations that succeed them begin to use financial services, digital capabilities become a must-have rather than a nice-to-have. By planning now, irrelevance in the near future can be avoided, writes John Mitchell, CEO of Episode Six.