Published on 13 October 2022
The payment industry’s migration to the ISO20022 XML data format promises much, or rather the list of promises is long and the same as it has been for a long time, and is very promising: richer data, easier data mining, easier compliance-checking and harmonization (aka everyone else is going to use […]
Published on 6 October 2022
On 6th October 2022 the PSR published its Final Decisions on its major and multi-year ‘work’ on the costs of accepting card payments for merchants. Costs, in this case, focuses on the service fees paid by a merchant to its appointed merchant acquirer. The all-in costs include the deductions-from-face-value, which the […]
Blog published on 18 August 2022 based on an article published on www.facts4eu.org on 12 August 2022
A major change in the financial management of the UK is needed. The current upsurge in inflation may have been triggered by energy prices, but the seedbed for it has been in the creation since the Global Financial Crisis […]
First published on brexit-watch.org
Published on 14 February 2022
Doubts have recently been raised about the financial competence of those who manage the national finances on behalf of all of us. The Chancellor Rishi Sunak has – belatedly some would say – come under fire for the losses to fraud through his Bounce Back Loans scheme: the […]
This article as it appeared on CommentCentral on 4 August 2021
Published on 4 August 2021
A certain David Pitt, fresh from his triumphs as Chief Operating Officer of Test and Trace, has been appointed as Chief Executive Officer of Pay.UK, the company responsible for the UK’s main payment systems.
This is not a joke, although the timing […]
Title page of PSR’s latest emission on the scope and tendering process for NPA
Published on 30 July 2021
What started out as a Temple of Solomon to revolutionise the UK’s payment systems will now be reduced to a more manageable bungalow-sized development. Multiple layers collapse down to one.
The
UK’s Payment Systems Regulator (PSR), who started this show […]
UK Finance’s report on the future of UK payments
Published on 9 February 2021
We have compiled a comparison table between the plans for UK payments as foreseen by:
UK Finance’s “Future-ready payments 2030: a dynamic, purposeful and united agenda for the UK”, of February 2021; The Payment Strategy Forum’s “A Payments Strategy for the 21st century: putting […]