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
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
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?
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
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 […]
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 […]