Jamie Pearson – Senior Product Manager, Payments & Infrastructure

I recently had the pleasure of hosting a live Q&A with our customers to discuss IR’s latest Infrastructure product feature – Business Insight.

Over the last decade, technological innovation, consumer demand, and new market players have transformed both card-based payment processing and...

In recent years, real-time payment systems have gained significant traction, revolutionizing the way we transfer money and conduct financial...

A high-level panel of the finance industry’s payments leaders recently joined the Real Time Payments: Convergence, Ideation, and Innovation...

Every industry in the world today is driven by information and data. In fact, without it, businesses can no longer remain competitive, and business...

Sustained disruption in the world economic arena has prompted the unprecedented growth and an accelerated a shift towards digital payments – and...

Speed, choice, and control are driving real-time transactions in today’s rapidly changing financial world.

The global Real-Time Payment (RTP) ecosystem is growing rapidly with businesses and governments realizing the benefits of implementing faster, more...

According to financial experts, the world's 1,000 year dependence on paper money may be coming to an end, with a real time alternative that provides...

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...

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...

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...

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...

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...

In Part 1 of this blog post, we discussed how real-time payment 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.

The payments industry and financial market infrastructures today are increasingly driven by information and payments data. Card issuers, retailers...

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.

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.

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

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.