26 June 2017

UK Faster Payments

A Finextra Community Group

15Posts 79,569Views 17Comments

Latest blog posts

a non-active Finextra member

7 Day Account Switching - happy customers are staying put

01 May 2015  |  5010 views  |  0 comments | recommendations Recommends 0

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. According to statistics from Bacs and the Payments Council, 1.3% of personal current accounts have been switched in the past year, and 2.1% since the star...

TagsPaymentsRetail banking
John DoyleThe Card Issuing Business - London

Interchange Fees Update

04 February 2014  |  3008 views  |  0 comments | recommendations Recommends 0

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 process card transactions. In some cases the charges may be waived by the card schemes, in others they may be lowered; they are a marketing tool as

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John Doyle
John DoyleThe Card Issuing Business - London

Payexpo Round-up

25 June 2013  |  5094 views  |  0 comments | recommendations Recommends 0

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...

TagsMobile & onlinePayments
John Doyle
John DoyleThe Card Issuing Business - London

The King Legacy from the Queen of Payments

07 December 2011  |  5024 views  |  1 comments | recommendations Recommends 0

Change always comes at a price, and VocaLink needs to change; and Marion is the price. It would be unkind and unfair to view her time as CEO as a failure because she made a huge difference at VocaLink...

Andy Hunter
Andy HunterPerficiam Ltd - London

Making Faster Payments work

07 February 2011  |  7275 views  |  7 comments | recommendations Recommends 1

There was a time when bank marketing departments offered well crafted products delivering genuine value for money, but that doesn't seem to be the case now. Advertising is dominated by savings account...

TagsPaymentsRetail banking
Neil Cook
Neil CookThe Logic Group - Fleet

Mobile Payments Evolution not Revolution

17 January 2011  |  6022 views  |  3 comments | recommendations Recommends 0

As the global economy slowly emerges from the downturn in what is becoming an ever more aggressive marketplace, organisations are seeking to gain that all important edge over their rivals; with many t...

Retired Member
a non-active Finextra member

Consumers seek a little clarity on Faster Payments

16 June 2010  |  4549 views  |  1 comments | recommendations Recommends 0

Only last week, the consumer group Which? branded the UK’s Faster Payments scheme as unfair and confusing (BBC News, 11 June 2010). Apparently, ‘one in four credit card companies still cannot receive...

Retired Member
a non-active Finextra member

Helping to understand the challenges of Faster Payments

19 November 2008  |  4556 views  |  0 comments | recommendations Recommends 0

FastPayments.co.uk are undertaking a survey into the current state and progression of the scheme following its public launch some months ago. We are interested in understanding an industry view of t...

TagsPaymentsRetail banking
John Cant
John CantMPI Europe Ltd - London

Vocalink seek wider market for UK Faster Payments

20 March 2008  |  4427 views  |  0 comments | recommendations Recommends 1

My previous blog on Faster Payments posed the question whether some/all UK banks were seeing Faster Payments as an opportunity or sideshow? Still an open question I believe. So it was interesting to ...

John Cant
John CantMPI Europe Ltd - London

Faster Payments May Date - opportunity or sideshow?

12 February 2008  |  5579 views  |  1 comments | recommendations Recommends 0

If you are going to delay a major financial sector initiative then six months is probably the minimum delay that makes sense. Anything shorter does not give institutions time to react, and anything mu...

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Founded by John Cant
Date 16 Feb 2007
Group profile
A place to discuss and share information on the introduction of the UK Faster Payments scheme
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Ketharaman Swaminathan
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