True payment choice must include making digital payments an option for everyone in society as part of a broad mix of payment options. “Consumers should be able to decide for themselves how they pay. For us, it is important to have a broad mix of options and that efficient methods for payment are available” Burkhard Balz, Bundesbank, Germany. The Payment […]
Over the past few weeks I’ve been involved in working with a number of clients on proposals for new business – mostly these proposals have been FinTechs seeking to work with larger incumbent banking organisations. With the number of FinTech partnership deals increasing what are the attributes of a successful Bank / FinTech partnership? Recently I attended a bank partnerships […]
We often say that in banking payments have gone from boring back office activity to the forefront of innovation and have even coined the term ‘paytech’ to prove that this transformation has occurred. Spending four decades in payments has caused me to pause and reflect on payments in the 1980’s. CHAPS had been live for 13 months when I started […]
Mike Chambers | 3 February 2019 Bacs (now part of Pay.UK) recently released the Current Account Switching Service (CASS) data for the quarter ending 31 December 2018. The last quarter of 2018 was strong for Bacs and the account switching service with 235,000 switches successfully completing (up 22% compared to Q3 2018). The quarter of a million people in the […]
“Consumers should be able to decide for themselves how they pay. For us, it is important to have a broad mix of options and that efficient methods for payment are available” – Burkhard Balz, Bundesbank, Germany.