Blockchain

Blockchain and Disintermediation

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Much has been written in the last year about Distributed Ledgers, Blockchain and the potential impact that they might have. This article considers the latest advances and the potential “disruptive” impact they might have on existing Financial Market Infrastructures

Payments

The Payment Chain & Finality

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After my last post (“Using Distributed Ledgers as a Payment System” – August 3rd), one of the replies I received highlighted the differentiation between payments made in Central Bank Money and those in Commercial Bank Money.   In my response to that point, I highlighted that Payments between Direct Participants in a given Payment System will […]

Payments

Can Payments Change?

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It is easy to forget with all the technical payment advances, that a payment is merely a method of paying for something using money you either already have in an account or a credit line you have against a bank or card issuer. All the current excitement around Applepay, contactless and other mobile wallets/devices merely […]

Payment Systems Regulator

Payments Strategy Forum

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This morning (7th July), the Payments Systems Regulator has published a series of papers summarising the output of the various Working Groups contributing to the creation of the Payments Strategy Forum.   These cover progress on the Forum’s Terms of Reference, Objectives & Scope, Terms of Reference, Interaction with Authorities and the Selection Process of the […]

Uncategorized

Last week: A busy week for payments.

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Last week saw a number of key events at the core of the UK Payments Industry: – The launch of Payments UK; the Trade Association that has replaced the UK Payments Council. – A key-note speech by the MD of the Payment Systems Regulator (Hannah Nixon) on Innovation at the Payment UK annual Payment Innovations conference. – […]