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So far Bob has created 43 blog entries.

Another week at New Payment System Operator and another I cannot BELIEVE it moment or three

New Payment System Operator never fails to disappoint in terms of its governance and processes. Three Victor Meldrew moments in one week – that is a new record.

Firstly we have an announcement that Louise Beaumont, a member of NPSO’s End User Advisory Council (“EUAC”), has taken on a role as Industry Advisor at the large […]

Turkish banks soon to reach World Class levels of Non-Performing Loans

Turkish bank Non-Performing Loans (“NPLs”) will soon be reaching World Class levels, even if the bar has been set very high by the banking systems of Greece and Cyprus: only NPL levels of 40-45% of total loans gets you into this elite club.

This is where a main result of the decline in the value of […]

Project Carlton Phase 1 on UK payments landscape is complete

The sponsor of Project Carlton has signed off on the initial research and endorsed that it be shared for validation with five or six interested parties.

You can get a sneak preview of the Preface in the inset within this blog.

The research plots the ministrations towards the UK payments landscape over the past 5 years of […]

The UK’s New Payment System Operator makes a World Class CoP-out on Confirmation of Payee

New Payment System Operator (“NPSO”), the organisation charged with delivering the UK’s New Payments Architecture (“NPA”) and the “End User Needs” services dependent upon it, seems to be backing away from its sense of responsibility towards “Confirmation of Payee”, or “CoP” for short.

The CoP service is where a payer confirms that the payee they already […]

Research phase of Project Carlton – new UK payment services design

Two weeks ago, in a blog on Finextra, we stated that our company had obtained initial funding and support for a project to design a new suite of UK payment services, to set against those being implemented by the UK’s New Payment System Operator (“NPSO”).

This project now has a name – Project Carlton – and […]

Wolfsberg Group should publish its Competition Law advice about its Country Risk FAQs, as a starter

Lyddon Consulting has sent the third and final call in its series to the Wolfsberg Group, this time regarding the “Country Risk – Frequently Asked Questions” that Wolfsberg issued in March 2018.

The call asks Wolfsberg put into the public domain the Competition Law advice it has taken about its governance and activities on a general […]

UK New Payment System Operator – the wrong direction and we need a new one

The UK’s New Payment System Operator is well adrift of the problems facing UK payment service users (e.g. lack of access to free ATMs, high fees on card payments for merchants, dwindling cash collection services) but it continues to build up its elephantine governance structure, with committees popping up right, left and centre, and sporting […]

The UK’s New Payment System Operator – March of the Advocrats

New Payments Systems Operator Limited – or NPSO for short – is the operator of the UK’s most important retail payment systems that move more than £6.4 trillion every year, through the Bacs Direct Credit, Direct Debit, Faster Payments, and Paym services. NPSO is a critical national infrastructure.

Disappointing it is, then, that the governance organs […]

Virtual Accounts: major changes needed in Wolfsberg Group guidance around “On behalf of” payments

We have today called upon Wolfsberg Group to make major changes to the section in the Wolfsberg Group’s Payment Transparency Standards 2017 on “On behalf of” payments.

The guidance is far from complete. In our view it has the effect of giving a clean bill of health to a range of services that are quite suspect […]

Bruges Group paper: the Euro’s Battle for Survival – into the Red Zone

We have had a paper published by Bruges Group setting out the extreme difficulties in which the Eurozone finds itself, after years of economic stimulus totalling over 3% of GDP per annum and the build-up of both the ECB’s Asset Purchase Programmes and the loans within the TARGET2 system.

These imbalances are insoluble, and there is […]