A few days ago, Payments UK published the December 2016 Payment Statistics for the main UK payment systems (see here). In addition to that month, the statistics provide a year on year comparison which highlight that: Overall, UK payment volumes were up 3% in 2016 to just over 8 billion transactions. The total value of […]
This post briefly summarises some of the most noteworthy recent Payment news items and then covers the launch of the Strategic Consultation from the UK’s Payment Strategy Forum
the 2015 UK Payment Statistics makes particularly interesting reading given the UK already has a well-established Faster Payments platform alongside other payment systems.
One of our aims through this website is to provide a source of reference information covering the rapidly evolving world of payments. We have therefore brought together a series of key industry documents into a single Document Library.
How much further can disruptive technology be successfully applied in the field of payments?
How “fast” does an Instant or Immediate payment need to be and is there a compelling Consumer/Corporate need for these given the volume of Timed/Future Dated Payments settled each month?
Encompassing Sibos, the past few weeks has been an extremely busy period for the world of payments. Announcements have been plentiful and have ranged across the payments spectrum. Here are a few of the key ones
An area of increasing focus by both Regulators and Banks is in the area of Misdirected Payments and the need for Payee identification. The reason for this focus is that payments both in the UK and elsewhere are routed solely using identifier codes, with no reference to the Beneficiary name being used in the routing of the payment to the destination account
Two key Payments documents have just been published in the UK covering the World Class Payments programme and an Interim Code of Conduct around the Provision of Indirect Access by PSPs.
Could regulation be the mechanism that finally confirms the full arrival of Mobile Payments and therefore generate the necessary force to bring alignment at point of sale?