Skip to content
CBDC

Promoting a UK pound based CBDC

The Digital Pound Foundation has been formed as an independent body to promote a UK pound based CBDC. Chaired by Jeremy Wilson, the independent forum is backed by Accenture, CGI Group and Ripple and will push for the implementation of a digital pound and digital money ecosystem. The Digital Pound Foundation argues that the adoption a CBDC will underpin the UK’s transition to […]

Regulatory

HM Treasury: Payments Landscape Review

The HMT payments landscape review has just been published and outlines the government’s vision is for a payments sector at the forefront of technology and innovation. Underpinning this vision are the government’s high-level aims for payments: UK payments networks that operate for the benefit of end users, including consumers. a UK payments industry that promotes and develops new and existing payments networks. […]

Payments

When Helsinki was the epicentre of mobile – the old people will remember Nokia

A Guest Blog by Michael Boevink My first encounter with mobile payments was actually SMS and this was with Coca Cola in 1997. Coca Cola is credited with launching the world’s first digital payment system back in 1997 with several vending machines in Helsinki. The soft drink giant created a digital payment processing system where customers could pay for their […]

Cash

ATM Tracker

Weekly ATM value and volume figures 10 October 2021. Key observations for the week ending 10 October 2021: Last week the volume of ATM transactions increased by 0% when compared to the previous week in 2021. Last week the volume of ATM transactions increased by 1% when compared to the equivalent week in 2020. Last week the volume of ATM […]

Payments

Connecting the future

The Emerging Payments Association announced its rebrand to The Payments Association during the EP Awards ceremony on the 6th October, with the name change taking effect throughout the month. The association has seen significant growth over the past few years and has increased its volume of members by 20% in the last year alone, welcoming names such as Nationwide, J.P. Morgan and […]

Payments

Correspondent Banking: Wires, walks, town, diggers and funders

My first experience of the City, banking and payments was in correspondent banking – this type of banking might be unknown to some so let’s start with a definition. Investopedia describe correspondent banking as: The term correspondent bank refers to a financial institution that provides services to another one—usually in another country. It acts as an intermediary or agent, facilitating wire […]

Request to Pay

Simpler, safer and more empowering

Interested in Request to Pay but want to find out a little bit more? Four articles that help unpack Request to Pay. Pay by Link or Request to Pay? Peter Cornforth, Answer Pay’s Commercial Director asks, if Pay By Link is so straight forward then why has it seen more success? He suggests that the service is not without it’s […]

CBDC

Promoting a UK pound based CBDC

The Digital Pound Foundation has been formed as an independent body to promote a UK pound based CBDC. Chaired by Jeremy Wilson, the independent forum is backed by Accenture, CGI Group and Ripple and will push for the implementation of a digital pound and digital money ecosystem. The Digital Pound Foundation argues that the adoption a CBDC will underpin the UK’s transition to […]

Regulatory

HM Treasury: Payments Landscape Review

The HMT payments landscape review has just been published and outlines the government’s vision is for a payments sector at the forefront of technology and innovation. Underpinning this vision are the government’s high-level aims for payments: UK payments networks that operate for the benefit of end users, including consumers. a UK payments industry that promotes and develops new and existing payments networks. […]

Cash

ATM Tracker

Weekly ATM value and volume figures 10 October 2021. Key observations for the week ending 10 October 2021: Last week the volume of ATM transactions increased by 0% when compared to the previous week in 2021. Last week the volume of ATM transactions increased by 1% when compared to the equivalent week in 2020. Last week the volume of ATM […]

Payments

Connecting the future

The Emerging Payments Association announced its rebrand to The Payments Association during the EP Awards ceremony on the 6th October, with the name change taking effect throughout the month. The association has seen significant growth over the past few years and has increased its volume of members by 20% in the last year alone, welcoming names such as Nationwide, J.P. Morgan and […]

Payments

Correspondent Banking: Wires, walks, town, diggers and funders

My first experience of the City, banking and payments was in correspondent banking – this type of banking might be unknown to some so let’s start with a definition. Investopedia describe correspondent banking as: The term correspondent bank refers to a financial institution that provides services to another one—usually in another country. It acts as an intermediary or agent, facilitating wire […]

Request to Pay

Simpler, safer and more empowering

Interested in Request to Pay but want to find out a little bit more? Four articles that help unpack Request to Pay. Pay by Link or Request to Pay? Peter Cornforth, Answer Pay’s Commercial Director asks, if Pay By Link is so straight forward then why has it seen more success? He suggests that the service is not without it’s […]

Banking

What’s the Chase?

Tanya Thourani has been reflecting on Chase’s entry into the UK’s current account banking marketplace: Tanya asks: Will you value a modern offering from an established financial institution or a more established offering from a modern institution? Last month, JPMC launched a digital retail bank in the U.K, challenging the British rivals (Neo + Incumbents) on their home turf. In UK, […]

Cash

ATM Tracker

Weekly ATM value and volume figures 3 October 2021. Key observations for the week ending 3 October 2021: Last week the volume of ATM transactions decreased by 2% when compared to the previous week in 2021. Last week the volume of ATM transactions decreased by 1% when compared to the equivalent week in 2020. Last week the volume of ATM […]

CBDC

Central Bank’s are focussing on CBDC’s

In the latest issue of the e-Pound:Unpacked newsletter, we take a look at the creation of the UK’s Central Bank Digital Currency Taskforce, see which Central banks are discussing CBDCs and look at the New Zealand central banks consultation on the future of money. Central Bank Digital Currency Taskforce Source: HM Treasury HM Treasury have published the Terms of Reference for the […]

Cashless

Contactless control

Lloyds Banking Group customers will be able to set their own limits when the new £100 ceiling on contactless card payments comes into effect in October. The upcoming hike in the contactless spending limit on consumer debit cards has raised fears that they could become a target for fraudsters, who can escape unchecked for at least five transactions when tapping to […]

Open Banking

A guide to Variable Recurring Payments

A guide to Variable Recurring Payments in open banking from Yapily Yapily have been unwrapping Variable Recurring Payments; What are Variable Recurring Payments (VRP)? Variable Recurring Payments (VRP) are a huge milestone for open banking. This allows variable payment amounts to be collected on an ongoing basis and, when fully mandated, will act as a smarter, flexible version to direct debits. […]

Direct Debit

Are Direct Debits doomed?

Nancy McCaw at ORG has been thinking about whether the revised NPA scope and timeline means that Direct Debit is now doomed. Nancy writes: The recent Payment Systems Regulator (PSR) determination that Pay.UK must revise both the scope and timeline for the introduction of the New Payments Architecture (NPA) was no great surprise to industry observers.  Progress to date had been […]

Cash

ATM Tracker

Weekly ATM value and volume figures 26 September 2021. Key observations for the week ending 26 September 2021: Last week the volume of ATM transactions increased by 2% when compared to the previous week in 2021. Last week the volume of ATM transactions increased by 2% when compared to the equivalent week in 2020. Last week the volume of ATM […]

Payments

Growing digital payments

Join me on Wednesday 6th October at 11am at Access All Areas, The Access Group’s virtual event next week, where I’ll be talking through how the pandemic has accelerated digital and how to optimise your payments for this new landscape and grow your revenue.  Sign up here: https://dash.hubilo.com/#/event/6506/1541651/session/78936/basic-details

Banking

A question of trust

Ahead of last week’s Money2020 event Anne Boden (CEO over at Starling Bank) has been gathering her thoughts on trust in the banking industry and the future of embedded finance. OK, I’ll say it. A lot of people don’t trust banks. This was, in great part, a motivation for the creation of Starling. Dissatisfaction with banks was at an all time low […]