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What started out as a Temple of Solomon to revolutionise the UK’s payment systems will now be reduced to a more manageable bungalow-sized development. Multiple layers collapse down to one. The UK's Pa...
The world has been slowly shifting towards a cashless society. In fact, with retailers rapidly investing in digital payment methods for time-poor shoppers, who demand speed and efficiency at the check...
Society and Law has reached a check point where the new digital world is almost beyond the current laws and banking practises. Let’s take a look at fraud in Faster Payments, UK’s instant payment initi...
UKFinance reported fraud grew 28% in 2019 to £456 million with Faster Payments, 73% of that total, growing at 33%. UKFinance noted 76% of the fraud comes from the internet and the banking industry cov...
According to an April study published by the Bank for International Settlements (BIS), in fear of transmitting COVID-19 via cash, people are increasingly looking into cashless payments. With a sudden ...
In a shock announcement BACS and Faster Payments are being run, as of today, by a company controlled by a single private individual. This must be a first for a critical UK national infrastructure. New...
e-commerce retailers spend a lot of time and money on marketing and advertising to their customers, enticing them to browse and buy. On an ecommerce site, algorithms often reveal recommended products ...
Immediate Payments must be part of an open banking strategy. The question that most banks are asking themselves, as real-time payments schemes gather pace in different markets around the world, is, “H...
In the UK, faster payments are well established, and we have seen new innovations as well as new businesses being built since May 2008. In Singapore, which went live in 2014 with its Fast and Secure T...
The seven-day Account Switching Service was launched almost two years ago with much fanfare however we are still seeing only a minority of people moving their current accounts to a new provider. Accor...
Vendorcom, the think tank for the financial services vendor community, held an update for members to the Interchange Fees debate. Interchange is the charge levied by the card schemes on retailers to
By John Doyle • June 25th 2013 The Payexpo conference and exhibition held last week at the Excel in London was a busy affair. Three main streams a non-stop exhibition and several side events meant t...