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Tag: featured

Regulatory

Could proposed measures to fight fraud have unintended consequences?

As the Payment System Regulator considers the responses to the call for views on Authorised Push Payment Scams Teresa Connors from Payment Matters considers whether the proposed measures to fight fraud might have unintended consequences. We are pleased to feature this perspective guest blog from Teresa Connors from Payment Matters. Only 45% of reported Authorised Push Payment (APP) losses are […]

Cash

Will you visit an ATM this week?

Weekly ATM value and volume figures 11 April 2021. Key observations for week ending 11 April 2021 Last week ATM transactions decreased by 2.4 million (when compared to the previous week). Last week’s ATM transactions were 4.9 million more than the equivalent week in 2020. Weekly ATM use has increased by 24% compared to the equivalent week in 2020. Weekly […]

Faster Payments

Benefits of Real Time Payments

Akhil Rao has shared some insights on the adoption benefits of Real Time Payments (RTP). The ability to make payments in real-time comes with a number of capabilities and benefits. The most appealing of these to organizations is immediate access to receiving funds, transaction status, and control of cash flow. These assets created by RTP all serve to increase visibility into […]

Banking

No time to stop, the Revolution is here to stay

Mark O’Keefe at Optima Consultancy has published a German Mobile Banking App review. Three take aways from Mark’s report: The challenger banks continue to raise the bar when it comes to what can be done in a mobile banking app. New entrant C24 have launched with a proposition stronger than most in the market and challengers continue to release features at a rapid pace. A […]

CASS

Progress despite headwinds

The UK’s Current Account Switching Service (CASS) plays a vital role in helping consumers and businesses make the most of their money by providing a simple and stress-free way to move their current account. In these unprecedented times, the smooth working of the service is more important than ever. Pay.UK have published the Current Account Switch Service Annual Report – three key […]

Request to Pay

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 products and services online. The […]

Cash

Webinar: Did Covid-19 kill cash? A look at cash use in 2020

Covid-19 has had an unprecedented effect on people’s lives. Analysing this through the lense of consumer payments, the lockdown measures have had a colossal impact on the majority of businesses as they were forced to shut and people remained indoors in an effort to fight the virus. These measures suppressed normal behaviour and, as a result, suppressed normal spending patterns: […]

Banking

Five ways for a Fintech to make money

Tanya Thourani has been thinking about how Fintech’s make money and has come up with five models: Nice & Simple : Subscriptions or Service Fees. Make it count : Brokerage Fees. Most Lucrative : Third Parties. Oldest Buddy : Advertising. The Gold Mines : Data & APIs. Read Tanya’s blog: Five ways for a Fintech to make money.

Cash

Will you visit an ATM this month?

Weekly ATM value and volume figures 4 April 2021. Key observations for week ending 4 April 2021 Last week ATM transactions increased by 1.7 million (when compared to the previous week). Last week’s ATM transactions were 7.5 million more than the equivalent week in 2020. Weekly ATM use has increased by 37% compared to the equivalent week in 2020. Weekly […]

Open Banking

One small website button – one giant leap for payments to government

Great to see The Times covering Ecospend’s pay-by-bank solution going live on the HMRC website, the first government department to adopt Open Banking payments.  Paying your tax bill just got a whole lot easier. The 11 million people who fill out self-assessment forms online will no longer have to find credit card details, passwords or unique tax references when paying the taxman. Instead you will be given the […]

Cash

Did you visit an ATM this week?

Weekly ATM value and volume figures 28 March 2021. Key observations comparing the last “Stay at Home” week under Lockdown 3.0 with the first week experienced under Lockdown 1.0 Last week ATM transactions increased by 0.6 million (when compared to the previous week). Last week’s ATM transactions were 4.9 million more than the equivalent week in 2020. Weekly ATM use […]

Regulatory

How payments work affects the society we live in

The Payment Systems Regulator (PSR) have published their Annual Plan and Budget for 2021/22.  The PSR state that their focus for the coming twelve months will be on work that will improve outcomes by encouraging competition and innovation where it is needed most and putting the interests of everyone who uses payment systems first.  By doing this, the PSR wants to see people and […]

Payments Landscape

Card Industry Professionals appoint first NED

Card Industry Professionals (CIP) have appointed Mark Westwell as a Non-Executive Director and Chair of the Board. Card Industry Professionals have numerous years of experience within the card payments industry. CIP have witnessed and contributed to the evolution of how customers pay. With Debit Card payments having overtaken cash payments by 2017 (UK Finance – UK Payments Market Summary June 2019)  its […]

Cash

Will you visit an ATM this week?

Weekly ATM value and volume figures 21 March 2021. Key observations on the anniversary of Lockdown 1.0 as we look at the statistics from last week compared to the final week leading up to the “Stay at home” announcement on 23 March 2020. Last week ATM transactions increased by 0.3 million (when compared to the previous week). Last week’s ATM […]