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ATM Tracker

Weekly ATM value and volume figures 4 July 2021. Key observations for the week ending 4 July 2021 Last week the volume of ATM transactions increased by 4% when compared to the previous week in 2021. Last week the volume of ATM transactions increased by 6% when compared to the equivalent week in 2020. Last week the volume of ATM […]

Training

Financial Crime Training Rated Highest Priority For Employers

Payments employers have named ‘financial crime’ as the highest priority topic for staff training. The topic scored a 74% interest rating in a recent survey conducted by iFinance Academy and the Emerging Payments Association. “Our clients are experiencing a huge uplift in fraudulent crime and exploitation scams through a variety of transactional methods,” explained iFinance Academy’s Neill Butcher. “It’s absolutely right that […]

Confirmation of Payee

Confirmation of Payee Call For Views

The Payment System Regulators call for views on Phase 2 of the implementation of Confirmation of Payee (CoP) closed at the end of June. The call for views outlined the findings of the PSR’s analysis of the impact of Phase 1 of CoP (following Specific Direction 10 which was served on the UK’s six biggest banking groups) and the feedback […]

Cash

Shrap aims to replace coins with chargecard and app

A new change card and app designed to replace coins by start-up Shrap has started real life trials – with the first two pilots now underway in Rochford in Essex and Denny in Scotland as part of the UK’s Community Access to Cash Pilots. With a significant reduction in cash use – particularly during the Coronavirus pandemic – the cost of maintaining […]

Cash

ATM Tracker

Weekly ATM value and volume figures 27 June 2021. Key observations for the week ending 27 June 2021 Last week the volume of ATM transactions increased by 1% when compared to the previous week in 2021. Last week the volume of ATM transactions increased by 9% when compared to the equivalent week in 2020. Last week the volume of ATM […]

Direct Debit

Trust and Tipping Point

Processing 4.5 billion transactions a year the UK’s Direct Debit system is firmly established as a key part of our payments system. In this blog we find out that the UK’s Direct Debit system has inspired innovative thinking in the UAE. This is a guest blog written by Ummair Butt and published by the Emirates Institute for Banking and Financial Studies. Story […]

Payments Landscape

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 Debit and Direct Credit In […]

Cash

ATM Tracker

Weekly ATM value and volume figures 20 June 2021. Key observations for the week ending 20 June 2021 Last week the volume of ATM transactions decreased by 1% when compared to the previous week in 2021. Last week the volume of ATM transactions increased by 11% when compared to the equivalent week in 2020. Last week the volume of ATM […]

Request to Pay

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 UK version of Request to […]

Cash

ATM Tracker

Weekly ATM value and volume figures 13 June 2021. Key observations for the week ending 13 June 2021 Last week the volume of ATM transactions decreased by 0.3% when compared to the previous week in 2021. Last week the volume of ATM transactions increased by 18% when compared to the equivalent week in 2020. Last week the volume of ATM […]

Confirmation of Payee

Confirmation of Payee (CoP): To be or not to be?

In John Bertrand’s latest article on Confirmation of Payee he notes that banks / PSPs (Payment Service Providers) not offering Confirmation of Payee (CoP) could be aiding and abetting fraudsters. Inspired by Shakespeare, John wonders: To CoP, or not to CoP, that is the question Whether ’tis nobler in the mind to suffer The slings and arrows of outrageous scams, […]

Direct Debit

I had many meetings with stuffy bankers but gradually, by persistence, I wore them down

Alastair Hanton, who has died aged 94, was the inventor of Direct Debit, a founder of National Girobank, and a tireless campaigner for causes ranging from sustainable transport to Christian Aid. It was in 1964, as an executive of Unilever, that Hanton came up with a solution to the problem of collecting variable payments from thousands of ice-cream sellers – […]

Request to Pay

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 the technology roadblocks are, and […]

Request to Pay

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 Payment (APP) scams in 2020 […]