In this guest blog, Gary Parlett, CEO of Answer Pay shares 5 important facts that make Request to Pay one of the most interesting innovations in the payments space happening in 2021. As a biller, Bank or PSP, have you heard of Request to Pay yet? When I first learnt of the proposition it was easy to see why it […]
Weekly ATM value and volume figures 9 May 2021. Key observations for the week ending 9 May 2021 Last week ATM transactions decreased by 2.9 million (when compared to the previous week). Last week’s ATM transactions were 4.5 million more than the equivalent week in 2020. Weekly ATM use has increased by 19% compared to the equivalent week in 2020. […]
Get ready for the Request to Pay revolution
It all stared with a Which? Super Complaint in 2017 demanding that banks in the UK must do more to protect its customers from Authorised Push Payment (APP) fraud. In 2020 the Confirmation of Payee (CoP) service was launched in UK to help reduce fraud and misdirected payments. Confirmation of Payee helps protect consumers and businesses from certain types of […]
Sellers of the Big Issue, a magazine sold by the homeless across the UK, are now able to accept PayPal QR Code payments, following an accelerated roll out of iZettle card readers to over a third of its vendor network. During the pandemic, The Big Issue has grown the number of vendors with smartphones from 515 to 1,150 and set up bank accounts on behalf […]
Who are the Open Banking Implementation Entity (OBIE)? The Open Banking Implementation Entity (OBIE) is the entity set up by the CMA in 2016 to deliver open banking. Its trading name is Open Banking Limited. The OBIE is governed by the CMA and funded by the CMA 9 (Allied Irish Bank, Bank of Ireland, Barclays, Danske, HSBC, Lloyds Banking Group, […]
Weekly ATM value and volume figures 2 May 2021. Key observations for week ending 2 May 2021 Last week ATM transactions increased by 1.6 million (when compared to the previous week). Last week’s ATM transactions were 7.3 million more than the equivalent week in 2020. Weekly ATM use has increased by 31% compared to the equivalent week in 2020. Weekly […]
In this guest blog, Gary Parlett, CEO of Answer Pay shares 5 important facts that make Request to Pay one of the most interesting innovations in the payments space happening in 2021. As a biller, Bank or PSP, have you heard of Request to Pay yet? When I first learnt of the proposition it was easy to see why it […]
Weekly ATM value and volume figures 9 May 2021. Key observations for the week ending 9 May 2021 Last week ATM transactions decreased by 2.9 million (when compared to the previous week). Last week’s ATM transactions were 4.5 million more than the equivalent week in 2020. Weekly ATM use has increased by 19% compared to the equivalent week in 2020. […]
Get ready for the Request to Pay revolution
It all stared with a Which? Super Complaint in 2017 demanding that banks in the UK must do more to protect its customers from Authorised Push Payment (APP) fraud. In 2020 the Confirmation of Payee (CoP) service was launched in UK to help reduce fraud and misdirected payments. Confirmation of Payee helps protect consumers and businesses from certain types of […]
Sellers of the Big Issue, a magazine sold by the homeless across the UK, are now able to accept PayPal QR Code payments, following an accelerated roll out of iZettle card readers to over a third of its vendor network. During the pandemic, The Big Issue has grown the number of vendors with smartphones from 515 to 1,150 and set up bank accounts on behalf […]
Who are the Open Banking Implementation Entity (OBIE)? The Open Banking Implementation Entity (OBIE) is the entity set up by the CMA in 2016 to deliver open banking. Its trading name is Open Banking Limited. The OBIE is governed by the CMA and funded by the CMA 9 (Allied Irish Bank, Bank of Ireland, Barclays, Danske, HSBC, Lloyds Banking Group, […]
Weekly ATM value and volume figures 2 May 2021. Key observations for week ending 2 May 2021 Last week ATM transactions increased by 1.6 million (when compared to the previous week). Last week’s ATM transactions were 7.3 million more than the equivalent week in 2020. Weekly ATM use has increased by 31% compared to the equivalent week in 2020. Weekly […]
Over half (55%) of CEOs at Building Societies view Open Banking as an opportunity according to a new report published by Whitecap Consulting, in partnership with the Building Societies Association (BSA). However, this technology is relatively new and unexplored by the sector with just over a third saying that they have not yet assessed Open Banking’s benefits for their business. Only a further […]
The UK’s roughly 90 trillion-pound payments industry is on the cusp of a dramatic makeover. Even before Covid-19, payment providers were under pressure to retool their offerings to better serve an increasingly digitised customer base that demands greater flexibility and control over their money. And the pandemic has only served to accelerate this dynamic. Meanwhile, after three years of focusing […]
Current account switches match Q3 2020 levels. In this latest dashboard we find out how many of us transferred our bank account in Q1 2021 during Lockdown 3.0 and who the switching winners and losers were as restrictions had eased slightly for many during Q4 2020 and incentives had returned within the market. The number of switches during 2021 As […]
An era when every business is a tech company, and every human has a smart phone. Have you noticed how practically every television ad these days includes an image of a person using a smart device or an app? We live in an era where individuals want-what-they-want-when-they-want-it. And bill payments haven’t escaped this game changing transformation in attitudes and behaviors. […]
Forbes has recognised Ciaran Savage, founder and Director of UK-based Card Industry Professionals, as one of the ones to watch in Europe in their ‘Class of 2021’. Forbes have featured Ciaran in the Finance category in this year’s ‘Forbes 30 under 30 Europe’ list. Being named in such a prestigious title is a testament to the success that Ciaran and […]
Weekly ATM value and volume figures 25 April 2021. Key observations for week ending 25 April 2021 Last week ATM transactions decreased by 0.7 million (when compared to the previous week). Last week’s ATM transactions were 6.9 million more than the equivalent week in 2020. Weekly ATM use has increased by 31% compared to the equivalent week in 2020. Weekly […]
A guest blog by Conor Sinnott – Conor is an intern at independent financial services consultancy Enryo. Covid-19 has not only driven new changes in consumer habits but also accelerated trends that have been developing since before the turn of the century. This is no more obvious than in the use of cash and coins for the purchase of retail […]
A guest blog by Bob Ford, Payments Business Analyst and SME. The Pay.UK service of Confirmation of Payee (CoP) has been established for just over a year but the life under lockdown under Covid has not abated the attempts by fraudsters to endeavour to try and scam our accounts of our money. A friend asked for my thoughts on fraud […]
Answer Pay has announced the go-live of its Request to Pay demonstrator – the new demonstrator enables billers, payers and payment services providers to experience the full Request to Pay journey for the first time, providing a greater understanding of the huge benefits of bill payments utilising Request to Pay. Request to Pay addresses the competing needs of billers who […]
