jamie pearson

Apple Pay: 2.5 Years On - What's Changed?

As Apple Pay reaches its two and half year birthday, it's time for us to take a look at how well it's faring with both users and the payments industry as a whole. When it made its U.S. launch in October 2014, it reached a level of success that garnered widespread attention. You can't argue with the numbers: 2 million locations, 1,000 banks, and 5 million registered users. Perhaps it hasn't been quite as successful in all different regions like...

Payments Blog

Is SEPA's Initiative for Instant Payments a Disruptive Game-Changer?

The Single Euro Payments Area has historically been a method of transferring payments between countries that use the Euro. Now it's attempting to evolve with a new initiative called 'instant payments'. As the name implies, it's a way of transferring funds almost immediately. For example, let's say that I wanted to send you some money. After initiating a transaction, the funds would appear in your account within a matter of seconds. This kind of...

Payments Blog

Are Person-to-Person Payments on the Verge of Taking Off?

Right now, we make an average of 54 person-to-person payments every year. If you consider the number of times you go to buy a cup of coffee in the morning or make a trip to the grocery store, 54 payments doesn't seem like much. Why do we make so few person-to-person payments? If you think about how inconvenient a person-to-person payment is compared to just walking into a store and swiping your card, it quickly becomes evident why there's such a...

Payments Blog

Monitoring Payments in High Volume Environments

Scale is probably the biggest challenge that banks face when monitoring payments in a high volume environment. The typical bank has a large number of payment applications. Payments can come from ATM transactions, store purchases, or direct deposits for payroll. When an employer generates payroll, a batch file of transactions comes through to be paid into several accounts. As they flow through the system, they might have to go through multiple...

Payments Blog

How payments technology can help skip the checkout line

I usually don't mind waiting a few extra minutes in line. Whenever I'm waiting to get my morning coffee, though, each minute is practically an eternity. Even with all of today's available technology, we still have to get in line to check out at the local supermarket, department store, or gas station. Why do we have to queue up when the checkout process itself is so convenient? Once I get to the Point of Sale, I can simply wave my phone or credit...

Payments Blog

Real-time Payments Analytics - Prediction

In Part 1 of this blog post, we discussed how real-time analytics are used to analyze past performance. Prediction involves taking the insight you get by looking at historical data and working out what's going to happen over time. Instead of just looking at whether or not something that's currently happening is normal, we can take a peek hours or even days into the future.

Payments Blog

Real-time Payments Analytics - Historical

Real-time analytics allow us to take historical data and apply it to things that are happening right now. It's a mixture of traditional data analytics and insight into what's happening inside your payment system. By combining data about how your system is working with ad hoc reports, we create a better picture of what's going on.

Payments Blog

The Key to Reduced Payments Risk is Visibility

Disruption is happening everywhere. Universal online access, mobile devices and expectations for real-time commerce mean that today's consumers rely on mobile solutions to get things done on the go—anytime, anywhere.

Payments Blog

PCI Compliance and Protecting Customer Data

Data breaches are becoming all too common. It seems almost daily another serious breach is publicized in the media. It's now nearly impossible to keep them a secret, the damage to reputations and brands can be irreparable.

Payments Blog

Payments Hub and Visibility

This post by Jamie Pearson - Product Manager for Payments at IR, first appeared on ACIexpert view.

Payments Blog

Here Comes the NPP

In the next two years, new rules are taking effect in Australia that will change the way payments are handled. If you're paying a bill or transferring money from one bank account to another, it typically takes three days until the transaction is finalized. After the new changes take effect, it will take a matter of seconds. It's a huge change, and it means that banks are going to have to reinspect their systems to make accommodations.

Payments Blog