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So far Bob has created 92 blog entries.

How huge financial liabilities require a quick, clean Brexit

We have had a paper published today through the Global Britan think tank about the fate of the Eurozone.

It has been endorsed by Steve Baker MP, the former Brexit minister who sits on the Treasury Select Committee of the House of Commons:

“This alarming report exposes the huge contingent
liabilities with which the UK will be saddled […]

BBC candidate on track to become PM

Rory “Stokpot” Stewart, the BBC’s candidate to replace Theresa May as UK Prime Minister, stormed into the second round of the contest yesterday.

He established a decisive lead over Andrea Leadsom, Esther
McVey and A.N.Other, and now proceeds full steam ahead into Tuesday’s next
round.

“I’m a lot closer to becoming PM than I was yesterday or even […]

New entrants to the Foreign Exchange market impact the “Pips around the interbank rate” Key Performance Indicator

There
have been many new entrants – usually non-banks – into the foreign exchange
business whose value proposition is to reduce or eliminate the margin that
traditional banks add to or deduct from the interbank rate in order to
determine the rate quoted to the end-user client.

If the client
is an enterprise rather than a consumer, it […]

Crummy CReM code Part VIII and the low standards for firms to meet

Payment firm trying desperately to get under the CReM bar

This is the eighth and
final blog 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”.

This one concerns the “expectations”
and “standards” that firms should abide by, if they are signatories to […]

Crummy CReM code Part VII and customers’ added responsibilities

Customer shudders under CReM responsibilities

This is the seventh 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 adds considerable
work for the customer and in doing so reduces the numbers who will be […]

Crummy CReM code Part VI as customers’ baseline rights are overridden

Watch as customers’ rights go up in flames

This is the sixth 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”.

In it we discuss how customers’ baseline rights in law are overlooked.

The CReM fails […]

Crummy CReM code Part V – types of customer covered, firms offering cover and dependency upon Confirmation of Payee

Half of victims fall at the first fence in their attemt to get reimbursement

This is the
fifth 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”.

Here we focus on who qualifies for cover, who is offering […]

Crummy CReM code Part IV – ensuring that the mandatory data is validated at the beneficiary firm

This should not be beyond firms’ gift

This is the
fourth 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”.

We made the
point in Part III that firms demanded Name + Sort Code + Account Number as
mandatory information […]

Crummy CReM code Part III – root cause of “wrong name” APPF and customer’s current legal protection

Happy APPF’ing

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 […]

Crummy CReM code Part II – bizarre choice of types of fraud it covers

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 flavours:

The fraudsters gull […]