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Category: Payments Landscape

Payments Landscape

Card Industry Professionals appoint first NED

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 […]

Payments Landscape

Payments Tracker

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 […]

Payments Landscape

The stage is set for digital payments – are we ready?

The COVID-19 pandemic has caused a profound and dramatic shift towards a digital society. All aspects of life in the UK are becoming increasingly digital, from purchasing our daily Latte, to accessing music or interacting with government. The digital shift was already happening, but it is absolutely clear that the pandemic has accelerated the transformation of how we pay for the goods and services we consume. No longer are ‘payments’ and […]

Payments Landscape

Payment habits from Argentina to Vietnam – and the impact on cash use in the UK

2020 catapulted payments years ahead of projections Worldpay have just published their annual global payments report.  The report promises an in-depth look at how consumers are paying from Argentina to Vietnam and which methods are set to take the world by storm.  Worldpay promise as insight you can’t find anywhere else! Download: Worldpay annual global payments report. Global cash use at […]

Payments Landscape

The rise of Prepaid Cards

The industry often talks about payments as if it’s one, homogeneous group. But in actual fact, that couldn’t be further from the truth. A ‘payment’ is simply the action of paying or being paid. But the method this action chooses in order to complete itself is completely variable. Today, customers are presented with a wealth of methods. Options include debit, credit, and […]

Payments Landscape

Payments Tracker

In this February round up of retail payments, we 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 January 2021, Link February 2021 and UK Finance November 2020. Source: Pay.UK Limited Bacs Direct Debit and Direct Credit In the 12 […]

Payments Landscape

Payments Tracker

In this January round up of retail payments, we see whether the easing of some restrictions following the second national lockdown impacted the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK December 2020, Link January 2020 and UK Finance October 2020. Source: Pay.UK Limited Bacs Direct Debit […]

Payments Landscape

Payments Landscape:Unpacked

Getting to grips with the UK’s retail payments landscape is no longer a complex and daunting task. The “Payments Landscape:Unpacked” briefing from Mike Chambers at Northey Point describes the UK’s retail payment instruments, outlines the eco-system that supports the operation of these systemically important payment systems, presents the actors and describes the UK’s payments landscape. Starting on the 23 February […]

Payments Landscape

Payments Tracker

In this December round up of retail payments, we see how the second national lockdown continued to impact the volume and value and of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK November 2020, Link December 2020 and UK Finance September 2020. Bacs Direct Debit and Direct Credit In the 12 […]

Payments Landscape

Digital Identity

Jonathan Jensen, Commercial Director Identity at GBG Plc and a member of the EPA’s Project Financial Crime, has written a guide: ‘Digital Identity – update on the UK market‘, with information on the current state of the digital identity market, highlighting recent industry activity and developments.  Among the highlights: HMG response to digital identity Call for Evidence. HM Government digital identity […]

Payments Landscape

Payments Tracker

In this November round up of retail payments, we see how the first national lockdown followed by an increasing level of local lockdowns continued to impact the volume and value and of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK October 2020, Link November 2020 and UK Finance August 2020. Bacs […]

Payments Landscape

How to Make Money in a Zero Interest Rate Economy

Manifesto Growth Architects believe those who succeed in the New Economics of Banking… 🙋🏼‍♂️ Know the role they want to play for their customers, and put this at the heart of everything they do. 📰 Go beyond transactions and drive engagement, learning from sectors such as media. 📊 Build data and technology capabilities to support real-time orchestrated journeys, centred around […]

Payments Landscape

Navigating the UK’s retail payments landscape

Navigating the UK’s retail payments landscape can be a complex and daunting task – save time and effort with Northey Point’s payment trackers. Keep upto speed with four trackers from Mike Chambers at Northey Point. ATM Tracker ATM Tracker: Monthly volumes and values Payments Tracker Payments Tracker: Providing a monthly round up of volumes and values of retail payments in the […]

Payments Landscape

The Pound in your pocket

It does not mean that the pound here in Britain, in your pocket or purse or in your bank, has been devalued. Almost 50 years ago (November 1967) the then Prime Minister, Harold Wilson, was facing a crisis and was defending his decision to devalue the pound saying it will tackle the “root cause” of Britain’s economic problems. The government announced that […]