Architect of Test and Trace turns to reorganising UK’s payment systems

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 […]

UK’s New Payments Architecture now to be a bungalow

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.

UK’s Payment Systems Regulator (PSR), who started this show […]

Comparison table of UK Finance Report – “Future-ready payments 2030: a dynamic, purposeful and united agenda for the UK”, February 2021

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 […]

The anti-cash lobby – Migrant Remittances and COVID-19

Published on 12 April 2020

While the anti-cash lobby are busy like performing seals applauding the supposed shift to digital payment means that COVID-19 will usher in, a concern that has gone under the radar is that it must be possible, during the pandemic, for remittances to flow, and quickly, and without massive fee deductions, from […]

The anti-cash lobby – Migrant Remittances

Recent extent of spread of COVID-19

Published on 11 April 2020

Migrant Remittances are associated with Money Services Businesses (“MSBs”), where the migrant in question delivers cover for the payment order in cash, and the MSB transfers the proceeds to the beneficiary, typically friends and family in the country that is home to the counterpart community of […]

The anti-cash lobby – national or international authorities as fellow travellers

Published on 10 April 2020

In a previous blog I cited, as fellow travellers of the anti-cash lobby, national or international authorities charged with enabling the meeting of UN Development Goals, and accepting that the way these will be met is through Fintech, rather than on the back of cash.

A prime example of such a national […]

The anti-cash lobby – principals

Published on 8 April 2020

It must be absolutely obvious who are the principals in the campaign to eliminate cash – it’s the card issuers and the card brands. Both have serious financial interests in play.

In the UK the major banks have reduced their branch networks and with it their ATM estates – to cut costs. […]