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Tag: featured

CBDC

Yuan Giveaway

While other central banks are talking about central bank digital currencies (CBDC), the People’s Bank of China (PBoC) is already trialling a Digital Renminbi (known as a Digital Currency Electronic Payment (DCEP)). The DCEP is not a crypto-currency but is a digital version of China’s official currency the yuan which is issued and backed by the Chinese central bank. Earlier […]

Tracker

Payments Tracker

In this October round up of volumes and values of retail payments in the UK we look at the continuing impact of COVID-19 and whether local lockdowns have interrupted the recovery in processed volumes and values. Note: All data is publicly sourced and is the latest available: Pay.UK September 2020, Link October 2020 and UK Finance July 2020. Source: Pay.UK […]

Tracker

ATM Value and Volume Tracker

Weekly ATM value and volume figures 19 October 2020. Key observations for week ending 18 October: Lowest weekly ATM use and amount of cash withdrawn for the last ten weeks. ATM volumes have reduced last week by a further 2%, a 36% reduction compared to 2019. Cash withdrawn from ATM’s last week has reduced by a further 2%, a reduction […]

Regulatory

HMT Payments Landscape Review – a community response

The Emerging Payments Association (EPA) has published a paper containing the community’s responses to HM Treasury’s Payments Landscape Review: Call for Evidence. The paper details recommendations on how to ensure the UK’s payments industry becomes progressive, world-leading and secure, and effective at serving the needs of everyone who pays and gets paid. The paper describes some of the opportunities and challenges facing […]

Regulatory

Payment imperatives

What role does the Payment Systems Regulator (PSR) play to ensure that competition is effective at all levels of the payments chain? The PSR have commenced a strategic review and are currently in a pre-consultation phase. More: PSR Future Strategy. PSR’s Strategic Themes The three themes of the PSR’s strategic review are: Theme 1 – Innovation and future payment methods. […]

Newsletter

Payments, Payments, Payments in one word

Getting to grips with the UK’s retail payments landscape can seem a complex and daunting task. The Payments, Payments, Payments newsletter from Mike Chambers at Northey Point explores a wide range of the UK’s payment news including: Open Banking, Request to Pay, Direct Debit, Confirmation of Payee, Bacs, CHAPS, Faster Payments, LINK, cash, cards and cheques and unpacks the eco-system that supports […]

Banking

Wooden debit card

Forget your flash metal debit cards, eco-friendly search engine Ecosia has invested £1 million for a 20% stake in TreeCard, a wooden payment card that channels profits from merchant surcharges into reforestation programmes.  TreeCard comes with an app that lets users track spending, split bills with friends and monitor how many trees have been planted as a result of user […]

Banking

Mobile banking app review – junior edition

Mark O’Keefe’s (Founding director at Optima Consultancy and PSR Panel member) nine year old daughter has produced her own version of the Optima Consultancy banking app review, Amy’s review covers junior accounts. Which account does she think a child would say is best out of goHenry, Starling Bank, Revolut and RoosterMoney and why?  What advice does she have for Anne […]

Payments

Blank credit cards

Garanti BBVA has begun issuing a rewards-based credit card that stores credit card numbers, expiration dates and CVV codes on a separate mobile app, rather than on the physical card itself. Customers of the Turkish bank can already apply for the new Bonus Diji card digitally and have it approved in a matter of minutes without the need for a […]

Payments Landscape

Emerging Payments Association’s Insights Interview

Emerging Payments Association’s Insights Interview: Featuring Andrea Dunlop, the Chair of the EPA Advisory Board. Discover what drives the Emerging Payments Association’s Chair, Andrea Dunlop, what dangers she thinks lie ahead in payments, and what she’d say to a graduate thinking about joining the payments industry. Andrea is always outspoken and speaks from the heart. Hear her speak passionately and assertively […]

Webinar

The New Economics of Banking

How to make money and diversify your revenues in a zero interest rate economy. This week Sam Woods (Deputy Governor and CEO, Prudential Regulation Authority) published a letter to chief executive officers to request information about firms’ operational readiness to implement a zero or negative Bank Rate. The letter from the Bank of England states: For a negative Bank Rate to […]

Request to Pay

Bringing instant remittances and automatic reconciliation together

UK Payments fintech Ordo announce strategic distribution partnership with e-money platform, Contis Ordo is making getting paid easy – helping businesses securely and simply collect bank payments from their customers. No hidden fees. No hassle. No worries. Open Banking is a game changer for businesses, not so much the technology, but what that technology means – no more waiting around […]

Open Banking

Imran’s vision for Open Finance

Imran’s vision for Open Finance, encouraging ‘premium’ APIs, and whether Open Banking is actually working. After years of promises, regulatory back and forth, and campaigning by both supporters and critics, Open Banking is today used by millions of people and businesses to manage their finances—most of whom have never even heard of ‘Open Banking’. It really shows that if you […]

Newsletter

Newsletter: Get to grips with the UK’s retail payments landscape

Getting to grips with the UK’s retail payments landscape can seem a complex and daunting task. The Payments, Payments, Payments newsletter from Mike Chambers at Northey Point explores a wide range of the UK’s payment news including: Open Banking, Request to Pay, Direct Debit, Confirmation of Payee, Bacs, CHAPS, Faster Payments, LINK, cash, cards and cheques and unpacks the eco-system that supports […]

Tracker

ATM value and volume tracker

The latest weekly ATM value and volume figures have just been published by LINK (12 October 2020). Volume and value Source: LINK Rolling volume and value changes Source: LINK Rolling volume change (compared to 2019): -34% Rolling value change (compared to 2019): -26% Source: LINK Read, subscribe and share This blog is from the latest edition of my newsletter “Payments, […]