Latest opinions that Bob Lyddon has shared on Finextra

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Bob Lyddon

Consultant

Lyddon Consulting Services

Member since

30 Sep 2007

Location

Thames Ditton

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Bob's opinions

Crummy CReM code Part III, cause of 'wrong name' APPF and customer’s current legal protection

This is the third blog out of eight in our series on the Contingent Reimbursement Model code (“CReM”) that purports to offer customers strong protection against certain types of Authorised Push Payment Fraud, or “APPF”. It doesn’t, not least because it fails to set out, as a baseline, what the customer’s rights are in law now under the 2017 Payment...

11 March 2019 /payments Transaction Banking

Crummy CReM code Part II bizarre choice of types of fraud covered by it

This is the second blog out of eight in our series on the Contingent Reimbursement Model code (“CReM”) that purports to offer customers (also known as Payment Service Users or “PSUs”) strong protection against certain types of Authorised Push Payment Fraud, or “APPF”. This one is on the types of fraud covered by the CReM. APPF comes in two main fl...

10 March 2019 /payments Transaction Banking

Crummy CReM code offers no comfort to UK payment fraud victims Part 1

This is the first of 8 blogs on the Contingent Reimbursement Model code (or “CReM”) that has been finalised by an offshoot of the UK’s Payment Systems Regulator called the Authorised Push Payments Scams Steering Group. The PSR announced the unveiling of the final version of the CReM with the usual fanfare. This is the code, a year or more in the pr...

08 March 2019 /payments /regulation Transaction Banking

Pay.uk’s Byzantine organisation promises longevity for New Payments Architecture programme

The Byzantine Empire is deemed to have emerged in 476 A.D., its being based on the residual Eastern Roman Empire at the point at which the Western one collapsed. The Byzantine Empire survived for nearly a thousand years, until brought to an end by the sack of Constantinople by the Ottomans in 1453. Pay.uk’s project to build a New Payments Architect...

09 February 2019 /payments Transaction Banking

UK’s New Payments Architecture fully live by 2030, indicatively

Pay.uk have issued their February 2019 NPA Programme Industry Newsletter, entitled “Enabling a vibrant UK economy”, NPA standing for New Payments Architecture. The title should have had “…in the 2030s” appended to it, since that is the timeline inferred by the newsletter’s content, if not by its form or wording. There is a beguiling diagramme, show...

07 February 2019 /payments Transaction Banking

Cheques to be excluded from UK's New Payments Architecture

Once again cheques in the UK are facing their demise, this time as a consequence of their being excluded from the New Payments Architecture project, or "NPA". This time it will be a slow and lingering death over a 10-15 year period, as investment is channeled into other services and the cheque service withers on the vine. Ten years ago a ...

04 February 2019 /payments Transaction Banking

Project Carlton research - a stock take on the PSR and PSF 2014-2018 and the cupboard is bare

Project Carlton has been conceived as a stock take of the efforts to reform the UK payments business since 2014 and to evaluate the case for a change in direction. The reform efforts have been spearheaded by the Payment Systems Regulator and its creature the Payment Strategy Forum. They have involved a supporting cast of hundreds, including several...

28 January 2019 /payments Transaction Banking

Golden Visa business alive and well

Governments such as the UK have come under renewed pressure to limit or suspend visa systems which have the effect of offering visas, residency or passports to the rich-and-famous, if they “invest” in the country concerned. Recent editions of the British Airways “High Life” magazine have included an insert from St Kitts and Nevis that reads initial...

24 January 2019 /payments /regulation Open Banking

Brexit Withdrawal Agreement gives the EU ample scope to continue to spend on the UK's credit card

The Daily Express issued a “shock horror” story on 30th December that the EU was in financial meltdown over the loss of the UK’s budget contributions. This seems overstated. They have no need to worry for a little while if they get their €40 billion “divorce settlement” – which will be used to cover normal expenditure and not the items that it was ...

17 January 2019 /payments SEPA and European Payments