righthand-image-holderLyddon Consulting Services Limited

We are a blue-chip specialist consultancy in international banking, focusing on matters related to the core domain of Payments and Cash Management. That leads to market change aspects such as the Euro, how to implement a change of currency, Single Euro Payments Area, and new services such as Bank Payment Obligation, and SWIFT for Corporates.

It also leads into the regulatory domain and measures such as Payment Services Directive, Anti-Money Laundering Directives, and regulations around cards, mobile, eMoney and mandatory information in funds transfers.

At Lyddon Consulting you will find find both methodologies and training packages to meet your needs and support your change programmes.

Latest posts

Presentation to London Association of Foreign Banks Operations conference on Payment Services Directive 2

November 12th, 2018|Comments Off on Presentation to London Association of Foreign Banks Operations conference on Payment Services Directive 2

We made a presentation on 8th November 2018 to the Operations conference of the London Association of Foreign Banks on PSD2, focusing on:

Conduct-of-Business rules
eBanking security, the EBA Regulatory Technical Standards, the interconnection with Open Banking, and how ASPSPs should accommodate Third-Party Providers
the obligation of credit institutions to provide accounts and services to non-bank PSPs

You can download the slidedeck […]

What we learned about Pay.uk’s Confirmation of Payee service

October 30th, 2018|Comments Off on What we learned about Pay.uk’s Confirmation of Payee service

On 18th October 2018 Pay.uk – the re-branded New Payment System Operator – held a launch event and distributed brochures about their new service called Confirmation of Payee, or CoP. We have previously labelled Pay.uk’s approach to CoP as a “CoP-out” and so it has proved.

CoP is the service that up to now was:

Meant to solve Authorised Push Payments fraud […]

Loss of Hain Marbles an affront to freedom-loving peoples

October 26th, 2018|Comments Off on Loss of Hain Marbles an affront to freedom-loving peoples

The nauseating spectacle in the right-wing British media of the loss of the Hain Marbles in the House of Lords will have sickened freedom-loving peoples everywhere.

Since being expropriated from its native South Africa in the 1960s by imperialist lackeys masquerading as archaeologists, the Hain has been confined to a series of institutions in the UK, culminating in its incarceration in a […]

What we learned about the UK’s New Payments Architecture

October 23rd, 2018|Comments Off on What we learned about the UK’s New Payments Architecture

On 18th October 2018 Pay.uk – the re-branded New Payment System Operator – held a launch event and distributed brochures about their procurement process for a strategic partner with whom to develop the New Payments Architecture – or “NPA” – for the UK’s retail payments.

The prospectus was entitled “Enabling a vibrant UK economy”, so we learned that Pay.uk and its backers […]

Bank of England – roadblock to opening up UK payments

October 21st, 2018|Comments Off on Bank of England – roadblock to opening up UK payments

We learned on Thursday 18th October 2018, at the launch event of Pay.uk, that any renewal of the UK’s retail payments infrastructure will have to wait until after the renewal of the Bank of England’s payments infrastructure. This is by far not the first instance of the Bank of England […]

Pay.uk – our new “zaibatsu”

October 14th, 2018|Comments Off on Pay.uk – our new “zaibatsu”

New Payment System Operator Ltd (“NPSO”) has just changed its name to Pay.uk Ltd, a shatteringly unoriginal name and unfortunate in that NPSO was meant to signal a clean break from the previous power structure over the UK payments landscape.

Payments UK, the previous industry trade body, scarcely lies cold in its grave (or rather under […]

Lyddon Consulting submissions to the Treasury Select Commitee on “Confirmation of Payee” and APP Fraud

October 12th, 2018|Comments Off on Lyddon Consulting submissions to the Treasury Select Commitee on “Confirmation of Payee” and APP Fraud

Based on research we carried out for Project Carlton and communications via our constituency MP, we made a submission on NPSO’s proposed “Confirmation of Payee” service and on Authorised Push Payment Fraud, and into the Treasury Select Committee for their inquiry into the work of the Payment Systems Regulator.

You can download the submission here

Shortly afterwards both NPSO and the Payment Systems […]

Eurozone private banking system gearing up to replace Eurosystem Quantitative Easing

October 9th, 2018|Comments Off on Eurozone private banking system gearing up to replace Eurosystem Quantitative Easing

The Eurozone banking system will have to gear itself up this autumn to take over the supply of credit from the Eurosystem, as the Eurosystem’s version of QE – called Asset Purchase Programmes – is wound down.

The winding-down is in stages. There will be no new purchases to start with, and then the proceeds of maturing bonds will no longer be […]

Only days left for the Conservative Party to block Chequers Plan

September 26th, 2018|Comments Off on Only days left for the Conservative Party to block Chequers Plan

If you have ever tried to listen to a damaged 78 rpm record of Harry Lauder’s “Keep Right On To The End Of The Road”, Theresa May’s speeches since Salzburg will be familiar in both form, and content, and in their constant re-covering of the same ground as the stylus slides uncontrollably between the grooves.

It will be even more familiar if […]

Read all of my posts