Community

Still funny though - it was payments related. In Yorkshire cash is still king

How about Arkwrights till drawer that bites his hand on 'open All Hours'' Lu. An advert against cash if ever there was one

This is the legacy of London being the site of the original contact less trial. The Apple Pay situation is further complicated by the charges Apple made on the banks in the US that could not be funded from post PSD2 capped interchange rates so another model will be required for Apple to enter Europe.

I am not sure the characters of these soaps are actually the types of customers banks want e.g. The Dingles in Emmerdale so it will be interesting to see how much extra business arrives from this sponsorship

Looks like the Fed have been reading up on what has been going on in other markets.

The Faster Payments system in the UK has recently announced a series of enhancements to improve access for smaller banks and increase services to the customer vis a whitepaper. It would seem the Fed and Faster Payments Limited should be having some conversations

A revised post as I noted a typo above.

I note the comment from Martin about the state of contactless in the US but it must be remembered their first try using stripe was also not exactly a success either.

The figures are impressive given how long it has taken the UK to roll out contactless cards post the London trial.

Finally the debate about capping of interchange meaning the Apple Pay model could not work in Europe speaks volumes that the European Regulators may have got it wrong if their avowed aims are more competition and a better deal for the consumer. The retailers reluctance to install the terminals in the US (MCX in particular) seems a familiar story I have heard before.In Europe post the interchange cap, surely expenditure on allowing terminals to take Apple Pay could be part of the 'savings' retailers are going to pass on to the consumer.

David Evans a respected US economist has written some interesting articles on the basis (or lack of it) in economic theory for the interchange caps being imposed in Europe and stories like this suggest he may have got it right.

I note the comment from Martin about the state of contactless in the US but it must be remembered their first try using stripe was also not exactly a success either.

The figures are impressive given how long it has taken the UK to roll out contactless cards post the London trial.

Finally the debate about capping of interchange meaning the Apple Pay model could not work in Europe speaks volumes that the European Regulators may have got it wrong if their avowed aims are more competition and a better deal for the consumer. The retailers reluctance to install the terminals in the US (MCX in particular) seems a familiar story I have heard before.I Europe psost the interchange cap, surely expenditure on allowing terminals to take Apple Pay could be part of the 'savings' retailers are going to pass on to the consumer.

David Evans a respected US economist has written some interesting articles on the basis (or lack of it) in economic theory for the interchange caps being imposed in Europe and stories like this suggest he may have got it right.

This growth may be partly because Banks like Barclays have actually encouraged older people to visit their branches to get assistance with new technology especially on-line banking. Therefore making plans to prune branch numbers in the light of these figures may negatively impact further 'silver surfer' on-line growth. As the cheque moves to an image option these same people are likely to need more help.