Published on 12 October 2018
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 […]
Published on 26 September 2018
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 […]
Published on 31 August 2018
The sponsor of Project Carlton has signed off on the initial research and endorsed that it be shared for validation with five or six interested parties.
You can get a sneak preview of the Preface in the inset within this blog.
The research plots the ministrations towards the UK payments landscape over the […]
Published on 29 August 2018
New Payment System Operator (“NPSO”), the organisation charged with delivering the UK’s New Payments Architecture (“NPA”) and the “End User Needs” services dependent upon it, seems to be backing away from its sense of responsibility towards “Confirmation of Payee”, or “CoP” for short.
The CoP service is where a payer confirms that […]
Published on 20 July 2018
Two weeks ago, in a blog on Finextra, we stated that our company had obtained initial funding and support for a project to design a new suite of UK payment services, to set against those being implemented by the UK’s New Payment System Operator (“NPSO”).
This project now has a name – […]
Published on 11 July 2018
Lyddon Consulting has sent the third and final call in its series to the Wolfsberg Group, this time regarding the “Country Risk – Frequently Asked Questions” that Wolfsberg issued in March 2018.
The call asks Wolfsberg put into the public domain the Competition Law advice it has taken about its governance and […]
Published on 4 July 2018
The UK’s New Payment System Operator is well adrift of the problems facing UK payment service users (e.g. lack of access to free ATMs, high fees on card payments for merchants, dwindling cash collection services) but it continues to build up its elephantine governance structure, with committees popping up right, left […]
Published on 4 June 2018
We have today called upon Wolfsberg Group to make major changes to the section in the Wolfsberg Group’s Payment Transparency Standards 2017 on “On behalf of” payments.
The guidance is far from complete. In our view it has the effect of giving a clean bill of health to a range of services […]
Published on 18 May 2018
We have had a paper published by Bruges Group setting out the extreme difficulties in which the Eurozone finds itself, after years of economic stimulus totalling over 3% of GDP per annum and the build-up of both the ECB’s Asset Purchase Programmes and the loans within the TARGET2 system.
These imbalances are […]
Published on 1 May 2018
In a shock announcement BACS and Faster Payments are being run, as of today, by a company controlled by a single private individual. This must be a first for a critical UK national infrastructure.
New Payment System Operator issued a press release to this effect this morning.
“Operational responsibility for the Bacs and […]