24 October 2014

Chris Dunne

Chris DunneVocaLink Limited - London

Faster Payments takes off for small business

16 September 2014  |  1542 views  |  3  |  Recommends 1

Latest figures from the Payments Council show a dramatic rise in the use of Faster Payments, with volumes of spontaneous customer-initiated payments (knows as ‘Single Immediate Payments’) rocketing by 24% in the year to July 2014. In comparison, cheque volumes fell by 11% in the same period and Bacs Direct Credit volumes were flat. Some of this...

TagsMobile & onlinePayments
Chris DunneVocaLink Limited - London

Mobile services strengthen customers’ bond with banks

09 July 2014  |  2510 views  |  5  |  Recommends 0

The way bank customers access and manage their finances is evolving at a rapid pace. While the physical branch was once at the centre of a retail institution’s offering, this model has witnessed enormous change in recent years, according to a new report from the British Bankers Association (BBA) and EY. The second Way We Bank study has found t

TagsMobile & onlinePaymentsGroupInnovation in Financial Services
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Chris DunneVocaLink Limited - London

Labour’s three objectives for banking reform

09 May 2014  |  1784 views  |  0  |  Recommends 0

With the UK parliamentary elections only a year away, the shadow Financial Secretary to the Treasury Cathy Jamieson MP has set out Labour’s views on retail banking and the payments market in particula...

TagsPaymentsRetail bankingGroupInnovation in Financial Services
Chris DunneVocaLink Limited - London

What stops people switching bank accounts? The Abbey habit

30 January 2014  |  3181 views  |  1  |  Recommends 0

The new Current Account Switching Service in the UK has now been live for four months, and has been accompanied by a pretty impressive marketing campaign – TV ads, radio, print, web and even billboard...

TagsMobile & onlineRetail bankingGroupInnovation in Financial Services
Chris DunneVocaLink Limited - London

PaySwarm: the most disruptive innovation in payments

19 September 2013  |  4818 views  |  1  |  Recommends 0

PaySwarm has the potential to fundamentally change the way payments are made online. But why is this one different from the umpteen other funky web based payment innovations? Firstly, it is free. O...

TagsPaymentsSibosGroupInnovation in Financial Services
Chris DunneVocaLink Limited - London

The future of trade finance

18 September 2013  |  2911 views  |  0  |  Recommends 0

An efficient and effective trade finance market is vital to a country's prosperity and to the survival of thousands of individual companies in the supply chain, but it is an incredibly clunky, paper-b...

TagsPaymentsSibosGroupInnovation in Financial Services
Chris DunneVocaLink Limited - London

McKinsey forecasting big changes and growth in payments

16 September 2013  |  2904 views  |  0  |  Recommends 0

One of the best sessions at Sibos today came from McKinsey, who for the third year in a row fielded Philip Bruno and Marc Niederkorn to forecast what’s likely to happen to payments over the next few y...

TagsSibosTransaction bankingGroupInnovation in Financial Services
Chris DunneVocaLink Limited - London

PSD2: Access all areas

10 September 2013  |  1973 views  |  0  |  Recommends 0

The motive behind the proposed changes to the Payment Services Directive is entirely sensible: payments innovation has leapt ahead of payments regulation and this is the Commission’s attempt to catch ...

TagsPaymentsTransaction bankingGroupInnovation in Financial Services
Chris DunneVocaLink Limited - London

Will Liberty Reserve prompt the regulation of Bitcoin?

29 May 2013  |  2875 views  |  3  |  Recommends 0

The dramatic closure of Liberty Reserve digital money service by US authorities on the grounds that it is “the financial hub of the cyber crime world” is going to drive increased regulatory interest i...

TagsPaymentsRisk & regulationGroupInnovation in Financial Services
Chris DunneVocaLink Limited - London

More pain looming for the big UK retail banks

01 May 2013  |  2841 views  |  0  |  Recommends 1

Any lingering hopes that there was light at the end of the tunnel for UK retail banks were dashed last week by Baroness Susan Kramer, a leading light in the House of Lords for banking reform and chair...

TagsPaymentsTransaction bankingGroupInnovation in Financial Services
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