Confirmation of Payee Group 1 & 2: it pays to get started now! It was a privilege to join the SurePay webinar and talk about the announcement of the PSR. Group 1 needs to have implemented Confirmation of Payee before end of Oct 2023. Group 2 and all other PSP’s, before 31 October 2024. Watch... Continue Reading →
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 →
https://open.spotify.com/episode/6jivyFTJ5WASXnZ7mVCJjT?si=krXmhzGITdeEOV1QCTnaTw In this Payments:Unpacked podcast we are joined by Paul Simpson from Sure Pay – Paul helps us unpack the UK's account name checking service Confirmation of Payee (CoP). Paul explains: - Why Confirmation of Payee is so important. - The phased roll out process adopted by the UK. - Considers a non bank use... Continue Reading →
Northey Point launch an associates programme Verb: AssociateDefinition: To connect someone in your mind with someone elseSource: Cambridge Dictionary During our time in payments it's been our privilege to work with some great people. Given our C-Level leadership experience we are often asked if we can recommend someone to help out on a project or... Continue Reading →
You'll find me on the following social media channels: Twitter: @_mike_chambers_ Instagram: _mike_chambers_ Facebook: _mike_chambers_ Linked In: https://www.linkedin.com/in/mike-chambers-098a39/
The Social CEO: How Social Media Can Make You A Stronger Leader. A proactive social media presence is a must for today’s CEO but…… “Change is happening and it will continue. It’s disruptive, challenging and uncomfortable. It’s time to get comfortable with being uncomfortable” – a proactive social media presence is a must for today’s... Continue Reading →
Updated my website and social media photos today and will be using them on my social media feeds over the next few days. From headshots for personal professional purposes, to corporate portraits for website and social content, Kaley Ross is flexible in achieving different styles to fit the clients needs. If you are looking for... Continue Reading →
I’m helping a student from a Russell Group university who is looking to invest a year in an industry placement to develop his love for economics in a finance capacity (fintech, the growth of mobile banking, UK as a cashless society). Please message me if you know of anything - thanks
With the current growth in FinTechs, digital banks, challenger banks and Payment Service Providers (PSPs) and initiatives like Open Banking and PSD2, the next few years will be momentous for payments in the UK and the wider European payments environment. The current payments infrastructure in the UK is changing. The New Payments Architecture (NPA) and... Continue Reading →
Northey Point celebrates a successful first year of business. After over a decade as the Chief Executive Officer of the UK’s biggest retail payment system and bank account switching service Mike established Northey Point Limited on the 1 October 2018 and began a portfolio career. As Northey Point celebrates its first successful year, Mike's portfolio... Continue Reading →
Eazy Collect Services Limited (Eazy Collect) are pleased to announce that they have been appointed a Guarantor of Pay.UK. Pay.UK was formed in 2017 and has brought together Bacs, Faster Payments, Cheque and Credit Clearing and UK Payments Administration. Pay.UK owns, manages and operates the products and services that enable a vibrant UK economy. Every... Continue Reading →
85% of voters say they are 75% or more cashless - what about you? Vote now at: https://twitter.com/_mike_chambers_/status/1142418233263382528?s=21
News Centre | Press Release | 16 April 2019 After a decade as the CEO of Bacs Payment Schemes Limited (the operator of the UK’s largest retail payment system) Mike Chambers has joined Eazy Collect Services Limited. Eazy Collect is a leading UK PayTech established in 2002 focused on delivering Direct Debit and payment management... Continue Reading →
