Third Party Provider | Lyddon Consulting

Commentary on The Payments Association’s letter to Lord Johnson about the proposed widening of the coverage for victims of Authorised Push Payment Fraud (APPF)

Letter to Lord Johnson

Published on 10th July 2023

The Payments Association has sent a letter to Lord Johnson about the proposed widening of the coverage for victims of Authorised Push Payment Fraud (APPF):

Letter to Lord Johnson from The Payments Association

The letter raises three areas of concern, which could have unintended consequences:

1. Almost all consumers experiencing APP fraud will get their money back (unless they […]

HSBC rescue of Silicon Valley Bank’s UK arm DID have taxpayer support

SVB’s obituary

Published on 23rd March 2023

I have sent a paper to the Treasury Select Committee proving how the rescue of SVB UK by HSBC had taxpayer support.

You can DOWNLOAD THE PAPER HERE.The Governor of the Bank of England (Andrew Bailey) and the Economic Secretary to the Treasury (Andrew Griffith) are appearing before them on March […]

Review of the 2017 Payment Services Regulations – our response to the Call for Evidence

HM Treasury’s Call for Evidence

Published on 22nd March 2023

We have submitted a response to the Call for Evidence issued by HM Treasury in connection with the review of the 2017 Payment Services Regulations.

You can DOWNLOAD OUR RESPONSE HERE.

It was submitted just before the collapse of Silicon Valley Bank and the unedifying spectacle of UK government […]

Response of The Payments Association to our Open Letter on practices that facilitate financial crime

‘Project Financial Crime’ at The Payments Association

Published on 20th March 2023

The Payments Association responded to our Open Letter of 2nd February 2023 about practices common amongst non-bank Payment Service Providers that enable financial crime.

You can DOWNLOAD THEIR RESPONSE HERE.

It amounts to a ‘nothing to see here’.

You will notice our response on page two, which is […]

Financial Conducts Authority Letter on failings in the non-bank Payment Service Provider sector

FCA website section on eMIs and PI

Published on 20th March 2023

Here is the extraordinary letter issued by the Financial Conduct Authority on 16th March 2023 and addressed to the Chief Executives of nearly 300 non-bank Payment Service Providers.

These are Authorised eMoney Institutions, Authorised Payment Institutions, and some types of Open Banking providers.

It is a long […]

What are the lessons for Europe from the demise of Silicon Valley Bank?

As published on https://en.irefeurope.org/publications/online-articles/article/what-are-the-lessons-for-europe-from-the-demise-of-silicon-valley-bank/ on 13th March 2023

YOU CAN DOWNLOAD THE ARTICLE HERE

Cover of slidedeck issued on 8th March 2023

Silicon Valley Bank (SVB) has gone from hero-to-zero in 48 hours. From established bankers to start-ups in the tech, fintech, and biotech industries and to Napa Valley’s premium wineries on Wednesday 8th March to closed by […]

Open Banking Past and Present – is it a sham?

Cover of ‘Strateic Working Group’ report

Published on 22nd February 2023

Two reports have recently been issued from within the UK’s Open Banking ecosystem about the future ‘roadmap’ for Open Banking, both based on the assumption that there is unanimity about Open Banking’s status now. Both reports claim a high degree of market penetration for Open Banking […]

Digital payment failures – fraud and card deductions

Published on 7th January 2023

Our recent research paper on Britcoin examined several of the failures in the digital payments industry that have gone unresolved.

The paper is entitled ‘CAPTURE – BigTech and Digital Payment Giants dominate the committees evaluating the replacement of physical cash with ‘Britcoin’ – a UK ‘Central Bank Digital Currency’’.You can find a click-through to the full paper here:http://www.lyddonconsulting.com/capture-a-major-new-paper-on-the-committees-considering-a-uk-central-bank-digital-currency/

The new digital nirvana […]

Failures of Fintech – Open Banking and Authorised Push Payment Fraud

Published on 3rd January 2023

Our recent research paper on Britcoin examined several of the failures in the Fintech digital payments industry that have gone unresolved.

The paper is entitled ‘CAPTURE – BigTech and Digital Payment Giants dominate the committees evaluating the replacement of physical cash with ‘Britcoin’ – a UK ‘Central Bank Digital Currency’’.You can find a click-through to the full paper here:http://www.lyddonconsulting.com/capture-a-major-new-paper-on-the-committees-considering-a-uk-central-bank-digital-currency/

A major Fintech […]