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The new era of transaction switching
With the increasing number of payment channels and methods, the complexity of transaction switching software is ever growing. Aspects like reliability, performance, low latency, resilience and security have become qualifiers rather than differentiators....
Read More21st century Payments-Why evolution is just not good enough!
The history of payment system products since the 1980s is one of gradual evolution. There have been few radical changes. Instead, products saw incremental enhancement over time, with many products all built on core code that was written in the 1980s and 1990s. Products like BASE24, Postilion, BASE24-eps and OPEN/2...
Read MoreApplying the brakes to the runaway train of technical debt
In 2008 the hubris of the financial sector that we serve finally caught up with itself. Mountains of consumer debt that had been packaged, re-sold and deferred turned out to be unserviceable and the whole edifice came tumbling down.Now commentators are asking whether any lessons have really been learned as consumer debt in some western economies st...
Read MoreThe Payments Switch - A Complex Fabric of Business and Technology
Payments switch is a complex fabric of functionality and technology, intricately woven to provide a solid platform. With the intent to deliver high throughput & resilience to the ever-changing field of payments services. From a bird’s eye view, it might seem as if payments switch is a generic platform used to transform...
Read MoreYour options: Contactless? Sorry. Pin? Not today Cash? There isn’t any
There is an old joke that bus conductors have to accept stamps as legal tender. True? No, funnily enough. What is worrying, though, is that at some point soon this joke might be put to the test. Jim Tomaney, Renovite's chief operating officer writes....
Read MoreATM Deployers – it’s time for your Independence Day
As the US celebrates its 4th of July Independence Day holiday, it’s a good time to reflect on the merits of an event that took place over 240 years ago and how, in today’s payment world, there are many parallel scenarios where a little independence could go a long way....
Read MoreInnovation 2.0: ATMs in the 21st Century
Innovation is reshaping global financial services. From how they are consumed, to who offers them and how they’re structured, we live at a time when new ideas and new approaches to payments and digital banking arise almost weekly. Jim Tomaney discusses the role of the ATM in the 21st-century....
Read MoreThe State of Payments: July 2019
Jim Tomaney reflects on the state of payments midway through 2019. What's changing? What's emerging? How should businesses respond? Read on....
Read MoreTips for Baby Bathing applied to ATM Cloud Management
A recent article by ATM Marketplace asked the following question in relation to ATM Outsourcing: “How do you not throw out the baby with the bathwater?” On closer inspection, effective baby bathing applied to ATM management is a rare but remarkably worthy basis for comparison when it comes to looking after what’s important....
Read MoreOutages for companies like Monzo don’t have to keep happening. Here’s why.
Over the last 12-months, several high-profile FinTechs and challenger banks have experienced multiple outages for cards processing, leading to reputational damage, anxious tweets, irritated customers, and potentially, lost revenue....
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