UK Banking Outages Could Stem from Dependence on Technology
A series of service outages have impacted major British financial institutions in recent days, causing payment delays that have affected hundreds of customers. The Lloyds and Halifax banking apps were down for hours, preventing customers from transferring funds and accessing mobile and online banking. Lloyds advised its customers not to attempt duplicate payments and assured […]
Aldi’s No-Checkout Stores May Not Be Ready for Prime Time
Aldi’s Shop and Go stores, an attempt at a cashierless grocery chain in the UK, are facing criticism for requiring a £10 deposit from each entering shopper. Many customers are unaware of the deposit amount, and if they spend less than £10, the refund can take several days to process. To enter, shoppers must either […]
Transforming Economies: The Global Impact of Real-Time Payments
Beyond accelerating settlement and clearing times or giving merchants a pathway to better liquidity, real-time payments hold transformative power on a global scale. According to ACI Worldwide’s Real-Time Payments: Economic Impact and Financial Inclusion report, real-time payments are bringing millions of people into the financial ecosystem, opening new markets for financial institutions, and bringing lower […]