Payment Security: Why Anti-Virus And Firewalls Are Essential In this guest blog Peter Cornforth of Answer Pay introduces Answer Pay's Request to Pay proposition as a payment firewall to complement Confirmation of Payee's (CoP) anti virus protection. To bolster the security framework, Answer Pay’s Request to Pay proposition introduces the Payment Firewall as a vital... Continue Reading →
Making it easy to issue and pay bills – when you want, how you want
Making it easy to issue and pay bills - when you want, how you want. Request to Pay (RtP) is a messaging ecosystem that provides the necessary interconnecting communications required to make secure payment requests possible. It allows billers to initiate a payment request, and enables customers to choose when and how they pay. RTP can... Continue Reading →
Out with the old, in with the new
Paym: I hardly knew you Paym is (and from tomorrow (7 March 2023) was) a mobile payment system operated by Pay.UK and offered by the majority of the UK’s banks and building societies. Recipients are identified by their mobile phone number rather than their bank sort code and account number. At the end of 2022 the service was... Continue Reading →
Mobile operators aren’t to blame for payment fraud
Opinion: Mobile operators aren’t to blame for payment fraud In this option piece Peter Cornforth from Answer Pay offers a point of view that mobile operators aren’t to blame for payment fraud….. It’s all about trust Let me start by saying that I believe the answer to Authorised Push Payment Fraud is Request to Pay. Your most vital asset... Continue Reading →
How can Request to Pay fix Poverty Premiums?
An Expert Panel Discussion Featuring Answer Pay As defined by Fair By Design, "poverty premiums" are the extra costs people on low incomes and in poverty, pay for essential products and services. In this webinar we discuss the current environment and how Request to Pay can help. Chaired by Philip King, former Small Business... Continue Reading →
“Banks are leaving customers wide open to spoofing fraud” Answer Pay responds
Source: Answer Pay Which? The consumer champion has claimed that banks are failing to protect their customers and are “leaving customers wide open to spoofing fraud”. Their investigation found that high street banks representing over 60% of the UK consumer banking market had not taken advantage of the latest technology such as Ofcom’s “Do Not... Continue Reading →
Exploring the intersection of RtP, VRP and DD’s
https://youtu.be/RiEpb6qbt2k Peter Cornforth from Answer Pay joins us for our latest Payments:Unpacked video podcast. In this podcast Peter covers: - How might RtP and VRP’s co-exist to provide a better (or different) consumer focussed solution to Direct Debits? - How could regulators, billers and banks better empower consumers to choose how they pay, when they pay and who... Continue Reading →
SEPA instant, partnerships and big topics for Answer Pay
SEPA instant, partnerships and big topics for Answer Pay Peter Cornforth from Answer Pay joins us for our latest Payments:Unpacked video podcast. https://youtu.be/zpJgS4Es1Bk Peter covers: - The European Commission recently mandated SEPA instant with zero cost to the consumer, what does this mean for Answer Pay? - Are partnerships an important model for Answer Pay? - With 2023... Continue Reading →
As millions of Britons struggle with their bills its time to act
Let’s start with a quote that makes very uncomfortable reading: There has been an increase in people in financial difficulty, with 4.2 million people missing domestic bills or credit repayments in 3 or more of the last 6 months, up from 3.8 million in 2020.Financial Conduct Authority A heavy burden The Financial Conduct Authority (FCA)... Continue Reading →
Answer Pay and Partner Hub join forces to improve cash flow in Europe’s €1.2Bn e-invoicing market
As the cost of living crisis increasingly bites many businesses are struggling to collect payments from their customers. Subscription numbers are declining and consumers are cancelling direct debits in favour of alternative payment methods that give them more control. However, these alternatives such as cash, cards and cheques can cost more and introduce friction with... Continue Reading →
A Meta-phor for missed banking opportunities?
This blog first appeared as a blog on Answer Pay’s website: Instagram payments, a Meta-phor for missed banking opportunities? Instagram launches payment service In case you missed it, Meta CEO Mark Zuckerberg recently announced a new “payments in chat” feature for Instagram. According to Techcrunch this means: ..users can purchase products from small businesses and track orders via direct messages... Continue Reading →
Where does Request to Pay go from here?
This blog originally appeared on Answer Pay’s website: Where does Request to Pay go from here? and was written by Ian Tomlin. Request to Pay (RtP) is the new messaging interoperability protocol being adopted across the UK to simplify bill payments. It’s been around for a couple of years now but—as this month the UK financial service industry... Continue Reading →
Answer Pay: Officially a tech climber
Officially a tech climber I’m so pleased to share that Answer Pay (the UK’s first accredited Request to Pay provider) has made it onto the inaugural Tech Climbers Leeds City Region 2022 list! Tech Climbers is a regional list published with BusinessCloudthat showcases the top performing, IP rich, product led technology businesses. Quickly becoming known as a thriving tech destination, Leeds City Region is... Continue Reading →
Answer Pay fuels European expansion with DIT funding arrangement
Answer Pay has announced that it has successfully received funding to extend its Request to Pay connectivity to European countries in the Single Euro Payments Area(SEPA). Digital payment technologies are evolving. Arguably, the biggest step-change in payments innovation in the UK and Europe comes in the form of Request-to-Pay (RtP). This is a relatively new message overlay service first... Continue Reading →
SEPA Request-to-Pay (SRTP) scheme.
The European Payments Council (EPC) have shared a new video about the SEPA Request-to-Pay (SRTP) scheme. The Single Euro Payments Area (SEPA) Request-to-Pay (SRTP) scheme managed by the European Payments Council (EPC) covers a set of operating rules and technical elements (including messages) that allow a Payee to request digitally the initiation of a payment... Continue Reading →
OneBanks Hub introduces Request to Pay bill payments with Answer Pay
As the Chair of Answer Pay, I am super pleased to announce that OneBanks Hub, the shared branch banking innovator, is teaming up with Answer Pay to offer its Request to Pay bill payment services across the OneBanks network. Request to Pay allows customers to settle utility and other bills easily. It has been devised... Continue Reading →
Pay by Link: Central Bank steps in
Help me out here ... how can 'pay by link' even be a thing? Back in issue 207 of Payments:Unpacked we asked how can 'pay by link' even be a thing? Pay by link is growing in use within the financial services industry, as banks and other financial services companies adopt the mechanism in their apps to service growing... Continue Reading →
Podcast: What is Request to Pay? Featuring Peter Cornforth from Answer Pay
In this first episode of the new Payments:Unpacked podcast series (Series 1, Episode 1) we shine a light on the UK's new bill payments overlay service - Request to Pay. We are joined by Peter Cornforth, Commercial Director from Answer Pay - the UK's first accredited Request to Pay provider. Peter describes what Request to Pay is, considers the benefits to both the biller and... Continue Reading →
SEPA Request to Pay
European Payments Council SEPA RtP Second Version - a guest blog from Peter Cornforth, Commercial Director at Answer Pay. An early Christmas present to European payments industry nerds (myself included) landed on Tuesday 30th Nov, with the second iteration of the European Payments Council (EPC) rulebook. Using ISO20022 standards for Request to Pay (RtP) messages as a... Continue Reading →
Request to Pay partnership supports appointeeship and deputyship services
Fintech company Answer Pay and The Money Carer Foundation have teamed up to launch Request to Pay functionality to help support for older and vulnerable people across the UK. Answer Pay connects payment services providers to Request to Pay services through a simple integration. Answer Pay is the first certified provider of Request to Pay... Continue Reading →
Simpler, safer and more empowering
Interested in Request to Pay but want to find out a little bit more? Four articles that help unpack Request to Pay. Pay by Link or Request to Pay? Peter Cornforth, Answer Pay’s Commercial Director asks, if Pay By Link is so straight forward then why has it seen more success? He suggests that the... Continue Reading →
Request to Pay: a key addition to modern-era digital payments?
Direct Debits were created in 1964 to make collecting payments from ice cream vendors easier. Given the state of technology and UK roads (there was only one motorway!), considerable time was required to shuttle paper between processing centres, hence the 3-day processing cycle, which over 50 years later still persists. A guest blog by Lee McNabb,... Continue Reading →
How Request to Pay is empowering payer decisions
Before exiting the house, most of us today reach of our wallet, keys, and mobile phone. Strange to think there was life without mobile phones in the 1980’s. Stranger still, that Britain’s first mobile phone call was allegedly made across the Vodafone network on 1 January 1985 by veteran comedian Ernie Wise. A guest blog by... Continue Reading →
How Request to Pay safeguards the UK’s 24 million financially vulnerable
In an era of individualism and empowerment, how is the payments industry responding to the needs of vulnerable households? This article explores how Request to Pay balances biller priorities with consumer and small business needs. The Choice Factor In the United Kingdom today, one in six working households—or 17.4 percent— are living in poverty, 1.5 million consumers are in water poverty, over 20 million... Continue Reading →
Request to Pay VS Open Banking
It would be really interesting to do a compare and contrast of RTP Vs open banking powered services that will do similar soon with VRP... From a customer and a biller perspective. This was an observation made in response by Chris Higham to a recent LinkedIn post by Mike Chambers at Answer Pay. The original post is at: https://lnkd.in/dECzVCM4 So... Continue Reading →
Changing the landscape
Software is eating the world Arguably, the biggest change to our daily lives in our lifetime has been the proliferation of mobile telephony and the always-on socio-digital culture. Mobile phones have become key to identifying ‘us’ in a world of digital. Their multi-colour covers define us. Their notifications punctuate our lives. And, unsurprisingly, we want... Continue Reading →
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... Continue Reading →
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... Continue Reading →
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... Continue Reading →
Request to Pay’s Grand Tour
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... Continue Reading →
Webinar – Request to Pay: Lead or Lag?
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... Continue Reading →
A.P.P. to app: How to avoid email and text scams
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... Continue Reading →
Request to Pay, Lead or Lag?
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... Continue Reading →
Get to grips with 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... Continue Reading →
Request to Pay Revolution
Get ready for the Request to Pay revolution https://youtu.be/8QTMKsBNiMQ
What is Request to Pay?
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... Continue Reading →
Experience the future
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... Continue Reading →
Lockdown legacy: Confidence in trying new digital payment methods
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... Continue Reading →
Request to Pay – a growing global trend in payments
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... Continue Reading →
Request to Pay in words and pictures
This week we built a slide featuring our favourite Request to Pay words Digital | Empower | Priority | Friction Free | Flexible | Control | Ease of Use Source: Answer Pay 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... Continue Reading →
Why Request to Pay is as easy as plug and play
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... Continue Reading →
Consult Hyperion Request to Pay Webinar
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... Continue Reading →
Webinar: Request to Pay
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... Continue Reading →
A European perspective
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... Continue Reading →
Why bill payment is no longer somewhere you go, but something you do
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... Continue Reading →
Request to Pay: Learning from M-Pesa
M-Pesa success factors and what it can mean for the UK's Request To Pay In this guest blog Peter Cornforth (Commercial Director at Answer Pay) takes a look at how the success of M-Pesa might act as a reference point for the UK’s Request to Pay eco-system. Peter writes: In this article I wanted to look at the success... Continue Reading →
The UK’s first certified Request to Pay repository
Fintech company Answer Pay has made two strategic board appointments to support its growth plans. Mike Chambers joins the company as chairman and Finbarr Joy as a non-executive director. Mike is a highly experienced board director with a wealth of experience in the payments industry. He was previously chief executive of Bacs and is also... Continue Reading →
How will you create value with Request to Pay?
Hear the Euro Banking Association’s explanation of how you can create value with Request to Pay: You’ll find more about Request to Pay at: RequestToPay.help.
Invitation: Request to Pay: Unpacked
Request to Pay is a new, flexible way for bills to be settled between people, organisations and businesses. What is Request to Pay (RtP)? RtP is a messaging service that has been created to complement existing payments infrastructure and gives billers the ability to request payment for a bill rather than simply sending an invoice.... Continue Reading →