Published on 16 November 2018
We have sent a response to the Payment Systems Regulator on their consultation regarding the Contingent Reimbursement Model draft code.
This is about reimbursing victims of Authorised Push Payments Fraud – or not.
You can download our response here
This is one of the worst documents we have come across in a very long […]
Published on 14 November 2018
We made a presentation on 8th November to Vendorcom’s Special Interest Group on Faster Payments about the vulnerability that fraudsters exploit in the Faster Payments system which enables Authorised Push Payments Fraud, and how none of the New Payments Architecture, Confirmation of Payee, or the Contingent Reimbursement Model will resolve it.
You […]
Published on 12 November 2018
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 […]
Published on 30 October 2018
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 […]
Published on 23 October 2018
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 […]
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 – […]