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 →

ATM Tracker

Weekly ATM value and volume figures 25 September 2022. Key observations for the week ending 25 September 2022: The volume of ATM Transactions decreased by 31% when compared to the final week before the first COVID lockdown. The volume of ATM transactions decreased by 6% when compared to the previous week in 2022. The volume... Continue Reading →

Payments Tracker

In this ninth round up of retail payments in 2022, we see the impact on the volume and value of payments processed in the UK as we 'live with Covid' with similar conditions in the equivalent months in 2021 continuing as restrictions had been lifted at the end of Lockdown 3.0. Note: All data is... Continue Reading →

ATM Tracker

Weekly ATM value and volume figures 18 September 2022. Key observations for the week ending 18 September 2022: The volume of ATM Transactions decreased by 27% when compared to the final week before the first COVID lockdown. The volume of ATM transactions increased by 3% when compared to the previous week in 2022. The volume... Continue Reading →

ATM Tracker

Weekly ATM value and volume figures 11 September 2022. Key observations for the week ending 11 September 2022: The volume of ATM Transactions decreased by 29% when compared to the final week before the first COVID lockdown. The volume of ATM transactions decreased by 5% when compared to the previous week in 2022. The volume... Continue Reading →

The trends transforming today’s digital banking

In this blog we are pleased to explore the trends transforming today’s digital banking - a piece written by Vasile Valcov, Chief Commercial Officer at Salt Edge. Close your eyes for a second. Imagine you’ve just looped into the future and are now getting ready to order something online. You’re scrolling through websites, looking for the perfect match... Continue Reading →

ThreePointZero

Direct Debit 3.0 – It’s time…. The UK’s pre-eminent recurring payment solution is facing its greatest challenge.  Will Direct Debits compete, coexist, complement or converge with Request to Pay and Variable Recurring Payments?  It’s time for Direct Debit 3.0 In the coming weeks we will be launching a forum to inform and influence the debate about the future of recurring... Continue Reading →

Open Banking: an unfinished symphony

In this blog we are pleased to feature a blog exploring open banking to open finance - bridging the gap written by TrueLayer’s Jack Wilson.  Open Banking + As the end of the OBIE's roadmap approaches, Jack Wilson over at TrueLayer has outlined the need for a programme of work that TrueLayer are calling ‘open banking +' to bridge... Continue Reading →

ATM Tracker

Weekly ATM value and volume figures 04 September 2022. Key observations for the week ending 04 September 2022: The volume of ATM Transactions decreased by 25% when compared to the final week before the first COVID lockdown. The volume of ATM transactions decreased by 1% when compared to the previous week in 2022. The volume... Continue Reading →

ATM Tracker

Weekly ATM value and volume figures 28 August 2022. Key observations for the week ending 28 August 2022: The volume of ATM Transactions decreased by 25% when compared to the final week before the first COVID lockdown. The volume of ATM transactions increased by 6% when compared to the previous week in 2022. The volume... Continue Reading →

Bringing stablecoins into the scope of regulation

In this edition of Payments:Unpacked we take a look at the topic of stablecoins which features within the Financial Services and Markets Bill which is currently at its Second Reading in the House of Commons. This email provides all you need to know about the Government’s work to bring stablecoins, a type of cryptoasset, into the scope of regulation when used... Continue Reading →

Payments Tracker

In this eighth round up of retail payments in 2022, we see the impact on the volume and value of payments processed in the UK as we 'live with Covid' with the comparison now with similar conditions in the equivalent months in 2021 as restrictions had been lifted at the end of Lockdown 3.0. Note:... Continue Reading →

ATM Tracker

Weekly ATM value and volume figures 21 August 2022. Key observations for the week ending 21 August 2022: The volume of ATM Transactions decreased by 29% when compared to the final week before the first COVID lockdown. The volume of ATM transactions was unchanged when compared to the previous week in 2022. The volume of... Continue Reading →

ATM Tracker

Weekly ATM value and volume figures 14 August 2022. Key observations for the week ending 14 August 2022: The volume of ATM Transactions decreased by 29% when compared to the final week before the first COVID lockdown. The volume of ATM transactions decreased by 4% when compared to the previous week in 2022. The volume... Continue Reading →

Payments Tracker

In this seventh round up of retail payments in 2022, we see the impact on the volume and value of payments processed in the UK as we 'live with Covid' with the comparison now with similar conditions in the equivalent months in 2021 as restrictions had been lifted at the end of Lockdown 3.0. Note:... Continue Reading →

Remittances in an envelope

In her “Liv On Money” blog series Olivia Minnock recounts discussions with older family members about how they’ve managed money throughout their life, in a world where FinTech didn’t exist (or, Olivia questions, did it?). With Olivia’s permission, we are publishing this fantastic historical insight into money remittances in full. The global remittance market is... Continue Reading →

ATM Tracker

Weekly ATM value and volume figures 07 August 2022. Key observations for the week ending 07 August 2022: The volume of ATM Transactions decreased by 26% when compared to the final week before the first COVID lockdown. The volume of ATM transactions decreased by 4% when compared to the previous week in 2022. The volume... Continue Reading →

ATM Tracker

Weekly ATM value and volume figures 31 July 2022. Key observations for the week ending 31 July 2022: The volume of ATM Transactions decreased by 23% when compared to the final week before the first COVID lockdown. The volume of ATM transactions increased by 1% when compared to the previous week in 2022. The volume... Continue Reading →

Creating an optimal, safe customer experience

Confirmation of Payee The Payment System Regulator (PSR) have recently consulted on their proposed next steps on delivering Confirmation of Payee – a consultation that plans to see over 400 more firms introduce the payment protection measure. The PSR’s desired outcome is to see this essential fraud protection service increase coverage from 92% of transactions made via... Continue Reading →

Podcast: Unpacking the UK’s New Payments Architecture

Unpacking the UK's New Payments Architecture In our latest Payments:Unpacked podcast we unpack the UK's proposed New Payments Architecture (NPA). Let's start with a quote by KMPG: At its heart, the NPA aims to streamline interbank payments into a single clearing and settlement system, replacing the numerous systems in place today. Initially, Faster Payments transactions will migrate to the... Continue Reading →

ATM Tracker

Weekly ATM value and volume figures 24 July 2022. Key observations for the week ending 24 July 2022: The volume of ATM Transactions decreased by 24% when compared to the final week before the first COVID lockdown. The volume of ATM transactions decreased by 1% when compared to the previous week in 2022. The volume... Continue Reading →

Protecting access to cash

In this blog we take a look at the topics of Access to Cash and Wholesale Cash Distribution which feature within the Financial Services and Markets Bill which is currently at its Second Reading in the House of Commons. Wherever you sit on the “cash spectrum” from cash being an important part of your payment mix to transitioning to less-cash or... 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 →

ATM Tracker

Weekly ATM value and volume figures 17 July 2022. Key observations for the week ending 17 July 2022: The volume of ATM Transactions decreased by 23% when compared to the final week before the first COVID lockdown. The volume of ATM transactions increased by 3% when compared to the previous week in 2022. The volume... Continue Reading →

ATM Tracker

Weekly ATM value and volume figures 10 July 2022. Key observations for the week ending 10 July 2022: The volume of ATM Transactions decreased by 25% when compared to the final week before the first COVID lockdown. The volume of ATM transactions decreased by 3% when compared to the previous week in 2022. The volume... Continue Reading →

ATM Tracker

Weekly ATM value and volume figures 03 July 2022. Key observations for the week ending 03 July 2022: The volume of ATM Transactions decreased by 23% when compared to the final week before the first COVID lockdown. The volume of ATM transactions increased by 3% when compared to the previous week in 2022. The volume... Continue Reading →

Fraud: We need to fight together

Fraud: The definitive overview Any report featuring the title ‘the definitive overview of payments industry fraud’ is never going to make easy reading and the newly published report by UK Finance for 2021 certainly does not make comfortable reading - an end of year report that can only conclude that we must all do better... Continue Reading →

Remedies: Card-acquiring market review

It may have taken some time but the Payment Systems Regulator (PSR) have today (29 June 2022) published a Provisional Decision in relation to remedies following their card-acquiring market review (CAMR). Why Does This Matter? Every time somebody makes a card payment – for example, when buying their weekly groceries – the merchant uses card-acquiring services to accept the... Continue Reading →

ATM Tracker

Weekly ATM value and volume figures 26 June 2022. Key observations for the week ending 26 June 2022: The volume of ATM Transactions decreased by 26% when compared to the final week before the first COVID lockdown. The volume of ATM transactions increased by 1% when compared to the previous week in 2022. The volume... Continue Reading →

Payments Tracker

In this sixth round up of retail payments in 2022, we see the impact on the volume and value of payments processed in the UK following the removal of Covid restrictions, compared now with similar conditions in the equivalent months in 2021 as we emerged from Lockdown 3.0 Note: All data is publicly sourced and... Continue Reading →

ATM Tracker

Weekly ATM value and volume figures 19 June 2022. Key observations for the week ending 19 June 2022: The volume of ATM Transactions decreased by 26% when compared to the final week before the first COVID lockdown. The volume of ATM transactions increased by 0% when compared to the previous week in 2022. The volume... Continue Reading →

Why speed matters

This blog first appeared on Vyne’s website: Why speed matters. How speed in payments can boost every part of your business The world has changed. Customer behaviour has changed. Business needs have changed. The pandemic has shown that in a blink of an eye, shopping can move almost completely online. It’s also shown us that plans... Continue Reading →

Preventing fraud and misdirected payments

Recently Pay.UK announced that the UK’s Confirmation of Payee (CoP) service had processed more than a billion messages. CoP provides an important tool in the ongoing fight against fraud to millions of personal and business bank account customers across the UK. The Payment Systems Regulator (PSR) published a consultation that sets out how the regulator will achieve widespread coverage of the... 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 →

ATM Tracker

Weekly ATM value and volume figures 12 June 2022. Key observations for the week ending 12 June 2022: The volume of ATM Transactions decreased by 26% when compared to the final week before the first COVID lockdown. The volume of ATM transactions decreased by 3% when compared to the previous week in 2022. The volume... Continue Reading →

Is Britain ready to go cashless?

The cash census: not simply a case of ‘to cash and cash-not’ The cash census is a new piece of research from the RSA exploring the use of cash in an increasingly digital economy. This project aimed to understand the gap between those who reject cash and those who hold on to it; to understand in granular detail people’s attitudes... Continue Reading →

Up ↑