Request to Pay

When is the right time?

Request to Pay ‘Lead or Lag?’ – When is the right time to begin your Request to Pay journey? Timed to coincide with the recent release of the Single Euro Payments Area Request-to-Pay (SEPA Request-To-Pay), AnswerPay recently held a virtual expert panel discussion which tackled the big questions that surround Request to Pay adoption including: when financial services companies should look to adopt it,  what the technology […]


Global CBDC Tracker

New analysis shows over 90% of global economy exploring a central bank digital currency The Atlantic Council’s GeoEconomics Centre have launched a state-of-the-art Central Bank Digital Currency (CBDC) Tracker, offering a global look at the adoption of digital currency.  The original version of the tracker (launched in April 2020) has been used by the Federal Reserve and the Bank of International Settlements across […]


What are our newsletter readers thinking?

It’s been nine months since our last newsletter survey, since then we have had amazing numbers of new subscribers and received great feedback (thank you). Over the past few weeks we’ve run a survey to see what our readers think about the Payments:Unpacked newsletter. The infographic below speaks for itself but here are the headlines: Top of the survey tree […]


Pay.UK announces new CEO

Pay.UK has today named David Pitt as our new Chief Executive Officer. David will assume the role on 26 July, taking over from Interim CEO Matthew Hunt who will take up the newly-created role of Chief Strategy Officer, Deputy CEO. With a strong background leading organisations through periods of transitional change, and having been instrumental in delivering a number of […]


Synchronised lending helps merchants fund improvements and keep the cash flowing…

As the high street once again opens up to customers without restrictions, retailers’ thoughts will soon turn to restocking, upgrading and investing in new staff, fixtures and fittings.  Now, thanks to CIP Capital, a new partnership between Card Industry Professionals (CIP) and YouLend, CIP merchants can access funding quickly and effortlessly, to help make improvements and keep the cash flowing […]


Compliance and Job Skills Training

In partnership with iFinance Academy, the EPA and Northey Point are pleased to be able to offer an all-in-one solution for payments businesses to train staff effectively and efficiently on both compliance and job skills topics. Choose from a library of interactive, CPD accredited online courses created specifically for payments professionals, or work with the team to create an online training package to meet your business’ requirements. Take a look at […]


Accessing digital services with Bez and Nancy

The Bank of Ireland has launched a video tutorial series to give customers the skills and confidence to use digital banking services. In March, the bank outlined plans to shut a third of its branches as it reaches a digital “tipping point” between online and offline transactions – a long-term trend accelerated by the Covid-19 pandemic. However, the lender acknowledges […]

Request to Pay

Not why but how and when

A thought provoking guest blog “Why Request to Pay, Europe’s answer to PayPal, Apple and Google, will change payment processes” by Stefan Walde of AirPlus has just been published in The Company Dime. Stefan’s article starts with this introduction:  Stefan goes on to consider: RtP being competition for the classic credit card. RtP friend or foe? RtP no more back and forth authorisation. […]

Confirmation of Payee

Ten Confirmation of Payee ‘take aways’

It’s not a silver bullet but… 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 formally launched in UK to help reduce fraud and misdirected payments. Confirmation of Payee helps protect […]


Latest articles

Here’s a selection of articles written by Mike Chambers which have recently featured in third party publications: PCN Magazine – July 2021 Have digital options even replaced the petty cash tin? Click on the image to access the article. Global Banking & Finance Review – July 2021 The transformation of payments during the pandemic Click on the image to access […]

New Payment Architecture

An amazing sub-structure that makes modern life so much easier

New Payments Architecture  The payments regulator is very clear on its views on interbank payments and the systems that support these payments. Whether paying employee wages, or transferring money to a friend using internet banking, interbank payments are a key part of everyday life for businesses and consumers alike. It’s vitally important that they run smoothly and rise to the challenges of the future. […]

Request to Pay

Around the World in Request to Pays

A round-up of how Request to Pay is rolling out around the world The world is waking up to Request to Pay (R2P) as the answer to convenient and affordable digital bill payments. Request to Pay has arrived and is expanding globally.   We are pleased to feature a guest blog by Peter Cornforth. In this article Peter looks at some of the […]


Unpacking the latest (payments) industry developments

The Payments:Unpacked newsletter from Mike Chambers at Northey Point explores a wide range of the UK’s payment news including: Open Banking, Request to Pay, Direct Debit, Confirmation of Payee, Bacs, CHAPS, Faster Payments, LINK, cash, cards and cheques and unpacks the eco-system that supports the operation of these systemically important payment systems. The premium newsletter option offers: Quarterly performance analysis of the Current Account Switching Service, monthly round up […]

Direct Debit

Improving subscription renewal rates

Access PaySuite have been sharing their views on improving subscription renewal rates. For many companies, the key metric they look at is how many new subscribers they are bringing on board but this misses an important point about leaky buckets. The larger the hole, the more water you are going to need to put in to fill it, and if you stop […]