We are often asked about the parallel developments of the UK and European flavours of Request to Pay and how they might work together. Following the launch of the European version on June 15th, we thought it an ideal time to signpost the bigger differences. Where Request to Pay (and SEPA R2P) have come from The UK version of Request to […]
Is your organisation ready for Request to Pay? Time-lined to coincide with the planned June launch of the Single Euro Payments Area Request to Pay (SEPA Request to Pay), this virtual expert panel discussion tackles the big questions that surround Request to Pay adoption including, when financial services companies should look to adopt it, what the technology roadblocks are, and […]
Online fraud has blossomed, and it’s easy to become a victim In recent months we’ve seen a dramatic increase in fraudsters exploiting our increased volume of online shopping to con innocent victims into sending vast sums of money and personal details. The latest research published by UK Finance suggests that UK Finance members reported 149,946 incidents of Authorised Push Payment (APP) scams in 2020 […]
Is your organisation ready for Request to Pay? Join Answer Pay, Accenture and FIS for our virtual expert panel discussion “Request to Pay, Lead or Lag?” on June 22 at 2pm. Time-lined to coincide with the planned June launch of the Single Euro Payments Area Request to Pay (SEPA Request to Pay), this virtual expert panel discussion tackles the big questions that surround Request to Pay […]
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 […]
Get ready for the Request to Pay revolution
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. […]
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 […]
Research by American Express reveals that one third of UK consumers (33%) feel confident trying new online payment methods. Additionally, one in five (20%) report that the pandemic has made them more open to trying new forms of payment online, with the same number (20%) stating that it has also changed the way that they think about how they pay for products and services online. The […]
Accenture (Amit Mallick and Sudipta Kundu) recently posted a blog about the important role Request to Pay (RtP) will play in the future of payments. Accenture argue that RtP will bring flexibility to payers, cost reduction and efficiency to billers, and a huge value opportunity to financial services providers that have an Open Banking infrastructure in place. In the post, Accenture […]
This week we built a slide featuring our favourite Request to Pay words Digital | Empower | Priority | Friction Free | Flexible | Control | Ease of Use Read, subscribe and share Request to Pay: Unpacked is published by Mike Chambers and unpacks the UK’s new service that provides the ability to request payment for a bill. Mike is the Chairman of Answer Pay who […]
Have you read the excellent blog piece by James Stanley at Anglian Water highlighting the customer benefits of Request to Pay? Or maybe you’ve heard Sian Williams from Toynbee Hall discuss why Request to Pay is a step change in consumer empowerment? Source: Pay.UK featured guest blog by Peter Cornforth, Answer Pay Telegram to internet Underpinning all of these customer […]
With so many payment options in the market, what makes Request to Pay different and why should banks and PSPs be interested in it? The webinar recording from last weeks Request to Pay event organised by Consult Hyperion has just been posted – this webinar delves into this question and was led by CHYP’s Principal Consultant, Tim Richards. Tim was joined by James […]
Request to Pay is now available in the UK and is coming soon in Europe. Join Dave Birch and colleagues from Consult Hyperion for their weekly webinar to discuss transaction technologies and the issues our industry is facing – this week’s webinar featured Request to Pay. With so many payment options in the market, what makes Request to Pay different and why should banks and […]
John Broxis, Managing Director at Open Banking Europe has written a useful blog called “Scheming about Open Banking Schemes”. John’s article covers a wide range of topics including: What do we mean by a scheme, SEPA API Access, European Payments Initiative, PSD2 and Open Banking / Finance however, John’s views regarding SEPA Request to Pay that are of particular interest. […]
In edition 13 of Request to Pay: Unpacked Peter Cornforth (Commercial Director at Answer Pay) takes a look at “Pay By Link Or Request To Pay?” Peter’s article centres on a popular quote by Brett King is “Why banking is no longer somewhere you go, but something you do“ and suggests that it could be equally applied to Request to Pay “Why bill payment […]
