Card Tracker

Source: UK Finance The UK Finance Update for October 2022 reports: Card transactions by UK cardholders both in the UK and overseas: There were 2.2 billion debit card transactions in October, 12.4 per cent more than in October 2021. The total spend of £66.6 billion was 9.1 per cent higher than October 2021. There were... Continue Reading →

Payments Tracker

In this final round up of retail payments in 2022, we see how the UK's bulk clearing scheme is holding is own, compare double digit growth in instant payments with double dight decline in the last bastion of paper clearing and, we are grateful, that the UK's real time gross settlement system remains a mystery... Continue Reading →

Don’t worry about it, I’ll Tikkie you

As a reader of Payments:Unpacked you will know that payment systems are vital to the UK economy and play a remarkable role in ensuring that payment for the goods and services we all consume are efficient, safe, resilient and friction-free. One remaining area of payment friction is actually asking someone for some money to settle up for... Continue Reading →

Payments Tracker

In this eleventh round up of retail payments in 2022, we see the impact on the volume and value of payments processed in the UK as we now 'live with Covid' with similar conditions in the equivalent months in 2021 following the lifting of restrictions at the end of Lockdown 3.0. Note: All data is... Continue Reading →

Who are Pay.UK and what do they do?

As a reader of Payments:Unpacked you will know that payment systems are vital to the UK economy and play a remarkable role in ensuring that payment for the goods and services we all consume are efficient, safe, resilient and friction-free. On its website home page the UK’s payment system regulator states: Every time anyone uses a cash... Continue Reading →

Payments Tracker

In this tenth round up of retail payments in 2022, we see the impact on the volume and value of payments processed in the UK as we 'live with Covid' with similar conditions in the equivalent months in 2021 following the lifting of restrictions at the end of Lockdown 3.0. Note: All data is publicly... Continue Reading →

Payments Tracker

In this ninth round up of retail payments in 2022, we see the impact on the volume and value of payments processed in the UK as we 'live with Covid' with similar conditions in the equivalent months in 2021 continuing as restrictions had been lifted at the end of Lockdown 3.0. Note: All data is... Continue Reading →

Payments Tracker

In this eighth round up of retail payments in 2022, we see the impact on the volume and value of payments processed in the UK as we 'live with Covid' with the comparison now with similar conditions in the equivalent months in 2021 as restrictions had been lifted at the end of Lockdown 3.0. Note:... Continue Reading →

Payments Tracker

In this seventh round up of retail payments in 2022, we see the impact on the volume and value of payments processed in the UK as we 'live with Covid' with the comparison now with similar conditions in the equivalent months in 2021 as restrictions had been lifted at the end of Lockdown 3.0. Note:... Continue Reading →

Remittances in an envelope

In her “Liv On Money” blog series Olivia Minnock recounts discussions with older family members about how they’ve managed money throughout their life, in a world where FinTech didn’t exist (or, Olivia questions, did it?). With Olivia’s permission, we are publishing this fantastic historical insight into money remittances in full. The global remittance market is... Continue Reading →

Payments Tracker

In this sixth round up of retail payments in 2022, we see the impact on the volume and value of payments processed in the UK following the removal of Covid restrictions, compared now with similar conditions in the equivalent months in 2021 as we emerged from Lockdown 3.0 Note: All data is publicly sourced and... Continue Reading →

Payments Tracker

In this fifth round up of retail payments in 2022, we see the impact on the volume and value of payments processed in the UK following the easing of Covid restrictions, compared to the final days of Lockdown 3.0 conditions in 2021. Note: All data is publicly sourced and is the latest available: Pay.UK April... Continue Reading →

Payments Tracker

In this fourth round up of retail payments in 2022, we see the impact on the volume and value of payments processed in the UK following the easing of Covid restrictions, compared to the final weeks of Lockdown 3.0 conditions in 2021. Note: All data is publicly sourced and is the latest available: Pay.UK March... Continue Reading →

Payments Tracker

In this third round up of retail payments in 2022, we see the impact on the volume and value of payments processed in the UK with the easing of Covid restrictions, compared to Lockdown 3.0 conditions in 2021. Note: All data is publicly sourced and is the latest available: Pay.UK February 2022, Link March 2022... Continue Reading →

Payments Tracker

In this second round up of retail payments in 2022, we see the impact on the volume and value of payments processed in the UK now Covid restrictions are easing, compared to Lockdown 3.0 conditions in 2021. Note: All data is publicly sourced and is the latest available: Pay.UK January 2022, Link February 2022 and... Continue Reading →

Payments Tracker

In this first round up of retail payments in 2022, with increased Covid restrictions still in place for the period under review, we see the impact on the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK December 2021, Link January 2022 and... Continue Reading →

Pandemic sparks evolutionary year for Canadian payment landscape

The Canadian payments landscape in nine facts from Payments Canada: Electronic payments represented 79 per cent of all transactions, compared to 77 per cent in 2019 – accounting for 15.8 billion transactions and representing 66 per cent of total payments value (the combined monetary value of total transactions) in 2020. Contactless payments grew dramatically, increasing 13 per... Continue Reading →

Payments Tracker

In this last round up of retail payments in 2021, with Covid restrictions under review, we see the impact on the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK November 2021, Link December 2021 and UK Finance September 2021. Source: Pay.UK Limited... Continue Reading →

From Morse code to Monzo

Raconteur have been thinking about the history of Fintech. Innovations in the financial sector have transformed the way we save, spend and trade. Banking systems, which once relied on London bank clerks meeting in the Six Bells tavern to exchange cheques, are now automated thanks to advances in technology.  Customers have also benefitted, with a slew... Continue Reading →

Payments Tracker

In this October round up of retail payments, as restrictions have eased but caution remains, we see the impact on the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK September 2021, Link October 2021 and UK Finance July 2021. Source: Pay.UK Limited... Continue Reading →

Payments Tracker

In this September round up of retail payments, as restrictions continue to ease, we see the impact on the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK August 2021, Link September 2021 and UK Finance June 2021. Source: Pay.UK Limited Bacs Direct... Continue Reading →

Payments Tracker

In this August round up of retail payments, as restrictions continue to ease, we see the impact on the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK July 2021, Link August 2021 and UK Finance May 2021. Source: Pay.UK Limited Bacs Direct... Continue Reading →

Payments Tracker

In this July round up of retail payments, as restrictions continue to ease, we see the impact on the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK June 2021, Link July 2021 and UK Finance April 2021. Source: Pay.UK Limited Bacs Direct... Continue Reading →

Payments Tracker

In this June round up of retail payments, as restrictions continue to ease, we see the impact on the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK May 2021, Link June 2021 and UK Finance March 2021. Source: Pay.UK Limited Bacs Direct... Continue Reading →

Payments Tracker

In this May round up of retail payments, as restrictions begin to ease, we see the impact on the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK April 2021, Link May 2021 and UK Finance February 2021. Source: Pay.UK Limited Bacs Direct... Continue Reading →

Payments Tracker

In this April round up of retail payments, we see the impact of the final month 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 March 2021, Link April 2021 and UK Finance January 2021. Source: Pay.UK Limited... Continue Reading →

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... Continue Reading →

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... Continue Reading →

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.... Continue Reading →

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

2020 catapulted payments years ahead of projections Source: Worldpay 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... Continue Reading →

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.... Continue Reading →

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... Continue Reading →

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:... Continue Reading →

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.... Continue Reading →

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... Continue Reading →

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... Continue Reading →

Seizing the opportunities from digital finance

Developments in digital finance could transform how consumers and businesses make payments and raise finance.  “This could help revitalise the UK economy”, says the Bank of England's Andy Haldane. Source: Bank of England Speech Read Andy Haldane's full speech: Seizing the opportunities from digital finance.

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... Continue Reading →

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... Continue Reading →

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... Continue Reading →

Industry Developments

Just as getting to grips with the UK’s retail payments landscape can be a complex and daunting task, keeping up with the developments at Pay.UK, the Payments System Regulator, the Bank of England and HM Treasury can be a difficult and time consuming task. To compliment our ATM tracker, payments tracker and switching tracker Premium... Continue Reading →

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