Digital payment failures – we need a viable face-to-face banking model

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 digital payments industry seems to enjoy the […]

Digital payment failures – failed access to cash

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/

There has been much noise from the government […]

‘CAPTURE’ – a major new paper on the committees considering a UK Central Bank Digital Currency

UK payments have, over the last ten years, become increasingly digital and become the domain of a technocratic elite, working in tandem with Big Tech and the major payment card brands.

The UK’s ‘digital payments journey’ thus far has left an amount of damaging debris on the road behind it: Authorized Push Payment Fraud, inflationary Deductions-from-face-value […]

ISO20022 – The Great Leap Sideways

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 it so we should […]

The Payment Systems Regulator’s PS22/2 Card-acquiring market remedies: final decision = surrender

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 PSR has elected to […]

Apparatus for UK’s financial management is dead in the water

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 (GFC) of 2007/8. Policy formulation has receded into a […]