The UK’s Current Account Switching Service (CASS) plays a vital role in helping consumers and businesses make the most of their money by providing a simple and stress-free way to move their current account. In these unprecedented times, the smooth working of the service is more important than ever. Pay.UK have published the Current Account Switch Service Annual Report – three key […]
Research by American Express reveals that one third of UK consumers (33%) feel confident trying new online payment methods. Additionally, one in five (20%) report that the pandemic has made them more open to trying new forms of payment online, with the same number (20%) stating that it has also changed the way that they think about how they pay for products and services online. The […]
Covid-19 has had an unprecedented effect on people’s lives. Analysing this through the lense of consumer payments, the lockdown measures have had a colossal impact on the majority of businesses as they were forced to shut and people remained indoors in an effort to fight the virus. These measures suppressed normal behaviour and, as a result, suppressed normal spending patterns: […]
Tanya Thourani has been thinking about how Fintech’s make money and has come up with five models: Nice & Simple : Subscriptions or Service Fees. Make it count : Brokerage Fees. Most Lucrative : Third Parties. Oldest Buddy : Advertising. The Gold Mines : Data & APIs. Read Tanya’s blog: Five ways for a Fintech to make money.
Weekly ATM value and volume figures 4 April 2021. Key observations for week ending 4 April 2021 Last week ATM transactions increased by 1.7 million (when compared to the previous week). Last week’s ATM transactions were 7.5 million more than the equivalent week in 2020. Weekly ATM use has increased by 37% compared to the equivalent week in 2020. Weekly […]
Great to see The Times covering Ecospend’s pay-by-bank solution going live on the HMRC website, the first government department to adopt Open Banking payments. Paying your tax bill just got a whole lot easier. The 11 million people who fill out self-assessment forms online will no longer have to find credit card details, passwords or unique tax references when paying the taxman. Instead you will be given the […]
Fintech Rap Battle from Fintech Finance. Tom Blomfield and Monzo, take on Anne Boden and Starling in a throw down to decide who is the ultimate challenger bank.
The UK’s Current Account Switching Service (CASS) plays a vital role in helping consumers and businesses make the most of their money by providing a simple and stress-free way to move their current account. In these unprecedented times, the smooth working of the service is more important than ever. Pay.UK have published the Current Account Switch Service Annual Report – three key […]
Research by American Express reveals that one third of UK consumers (33%) feel confident trying new online payment methods. Additionally, one in five (20%) report that the pandemic has made them more open to trying new forms of payment online, with the same number (20%) stating that it has also changed the way that they think about how they pay for products and services online. The […]
Covid-19 has had an unprecedented effect on people’s lives. Analysing this through the lense of consumer payments, the lockdown measures have had a colossal impact on the majority of businesses as they were forced to shut and people remained indoors in an effort to fight the virus. These measures suppressed normal behaviour and, as a result, suppressed normal spending patterns: […]
Tanya Thourani has been thinking about how Fintech’s make money and has come up with five models: Nice & Simple : Subscriptions or Service Fees. Make it count : Brokerage Fees. Most Lucrative : Third Parties. Oldest Buddy : Advertising. The Gold Mines : Data & APIs. Read Tanya’s blog: Five ways for a Fintech to make money.
Weekly ATM value and volume figures 4 April 2021. Key observations for week ending 4 April 2021 Last week ATM transactions increased by 1.7 million (when compared to the previous week). Last week’s ATM transactions were 7.5 million more than the equivalent week in 2020. Weekly ATM use has increased by 37% compared to the equivalent week in 2020. Weekly […]
Great to see The Times covering Ecospend’s pay-by-bank solution going live on the HMRC website, the first government department to adopt Open Banking payments. Paying your tax bill just got a whole lot easier. The 11 million people who fill out self-assessment forms online will no longer have to find credit card details, passwords or unique tax references when paying the taxman. Instead you will be given the […]
Fintech Rap Battle from Fintech Finance. Tom Blomfield and Monzo, take on Anne Boden and Starling in a throw down to decide who is the ultimate challenger bank.
Weekly ATM value and volume figures 28 March 2021. Key observations comparing the last “Stay at Home” week under Lockdown 3.0 with the first week experienced under Lockdown 1.0 Last week ATM transactions increased by 0.6 million (when compared to the previous week). Last week’s ATM transactions were 4.9 million more than the equivalent week in 2020. Weekly ATM use […]
The Payment Systems Regulator (PSR) have published their Annual Plan and Budget for 2021/22. The PSR state that their focus for the coming twelve months will be on work that will improve outcomes by encouraging competition and innovation where it is needed most and putting the interests of everyone who uses payment systems first. By doing this, the PSR wants to see people and […]
Card Industry Professionals (CIP) have appointed Mark Westwell as a Non-Executive Director and Chair of the Board. Card Industry Professionals have numerous years of experience within the card payments industry. CIP have witnessed and contributed to the evolution of how customers pay. With Debit Card payments having overtaken cash payments by 2017 (UK Finance – UK Payments Market Summary June 2019) its […]
The PSR have today, 24 March 2021, published their aims, activities and expected costs for the year 2021/22. Hear Chris Hemsley, Managing Director at the Payment System Regulator introducing the regulators plan for the next 12 months: The PSR position the plan with the following statement: We regulate 40 billion payments worth more than £92 trillion each year. Our role […]
Weekly ATM value and volume figures 21 March 2021. Key observations on the anniversary of Lockdown 1.0 as we look at the statistics from last week compared to the final week leading up to the “Stay at home” announcement on 23 March 2020. Last week ATM transactions increased by 0.3 million (when compared to the previous week). Last week’s ATM […]
The Falkland Islands are among the most remote places on earth: an untamed expanse of boundless landscapes and wild ocean, where penguins outnumber people one hundred to one. But they’re also a place of inspiring and resilient local businesses, run by enterprising locals. And now, the Falkland Islanders are running and growing their businesses with the latest technology from Square and Mastercard. With […]
In this March round up of retail payments, we continue to see the impact of Lockdown 3.0 on the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK February 2021, Link March 2021 and UK Finance December 2020. Source: Pay.UK Limited Bacs Direct Debit and Direct Credit In […]
Amazon has opened its first “just walk out” grocery store in the UK where shoppers can pick up their goods and leave without having to visit a till. The Amazon Fresh store in Ealing, west London, is a “contactless” shop available to anyone signed up to Amazon and with the app on their phone. Checking out the checkout-less store Lockdown travel […]
Accenture (Amit Mallick and Sudipta Kundu) recently posted a blog about the important role Request to Pay (RtP) will play in the future of payments. Accenture argue that RtP will bring flexibility to payers, cost reduction and efficiency to billers, and a huge value opportunity to financial services providers that have an Open Banking infrastructure in place. In the post, Accenture […]
