Profile

Location

Southend on Sea

Member since

2005

Richard Sanders

Payments Specialist at Hermosa Consulting

Posts: 0 Comments: 30

Bio After 30 years in payments working for 2 major UK banks, a payment scheme, a processor and nearly 10 years in the Vendor space I have now set up my own consultancy to assist clients with their payments businesses. I also have some specialists in particular business areas like loyalty and risk I am a Career History ACI Worldwide 2005 to 2015 as Principal Solution Consultant EMEA Abbey 2000 to 2005 Head of Card Strategy Visa EU 1997 -2000 Head of Credit Card Centre of Excellence Lloyds Bank - various roles including Head of Collections and Systems migrations

Richard is Commenting on

UK payments regulator to probe card acquiring market

Hi Peter. whether Retail is competitive or not is in my opinion not the issue here. The whole basis of the arguments to the Regulators by the BRC and other Retailer bodies in Europe was that interchange savings from the caps they persuaded the Regulators to implement woulod be passed back to the consumer, yet the Reagultors in their naivety did not ask for this to be tracked. The consumer is actually losing out as loyalty programmes are either scrapped or ,adjusted, by banks because of the revenue loss from interchange cuts. The Reagulator should have implemented a tracking mechanis as part of the interchange cap introduction. The big retailers have been shown to have had a benefit (see various articles by Payment Systems Europe) but have released no data on how much has been passed back to the consumer suggesting a tracking mechanism was never implemented

14 Aug 2018 Reply Read article

UK payments regulator to probe card acquiring market

Do the British Retail Consortium have a tracking mechanism so they can clarify how much of the interchange savings they have made from the caps has been passed back to consumers? I look forward to that information.

24 Jul 2018 Reply Read article

Lloyds closes another 49 branches

Even in the branches that are remaining, there are fewer and fewer staff to actually serve customers. There seem more staff swanning around asking if you are paying in a cheque and they then point you to the new paying in machines in Lloyds branches. So far I have tried to use them 4 times and they have failed 4 times because they could not read the writing or numbers on the cheque or they were corporate cheques that 'rarely work' in those machines according to the staff. One was actually from the Lloyds Clearing Centre in Birmingham. You could not make it up

11 Nov 2016 Reply Read article

Plastic fiver out-of-step with changing payment preferences

I agree with Melvin there seems to be an anomaly here and it would be interesting to know the survey structure in terms of age groups and locations

12 Sep 2016 Reply Read article