Profile

Location

London

Member since

2003

Writes about

Payments Regulation & Compliance Sibos Retail banking Wholesale banking

Barry's blog archive

2018 (1) 2017 (1) 2015 (2) 2012 (2) 2011 (2) 2010 (1)

Barry Kislingbury

Lead Solutions Consultant at ACI Worldwide

Message Posts: 10 Comments: 25

Bio Senior Principle Solutions Consultant at ACI Worldwide for Universal Payments. Career History Currently at ACI as the Senior Principle Solutions Consultant for Universal Payment. Initially at Lloyds Bank, then ACT Financial Systems on market data systems, fund management and securities trading. Then Misys as the Global Solutions Manager for payments.

Blogs

Innovation in Financial Services

Real-Time payments are at the heart of the new global payments landscape: 10 Trends in 2018

16 Feb 2018

2018 will certainly feature in the annals of the history of immediate payments: 3 major schemes – Real Time 1 (EBA RT1) for the processing of SEPA Credit Transfer Instant in Europe, The Clearing House (TCH) Real Time Payments in the US, and the Australian New Payments Platform (NPP) – went live within a month. These schemes will enable real-time

UK Faster Payments

Hierarchy of Payment Needs: The True Value of Immediate Payments

07 Nov 2017

Immediate Payments must be part of an open banking strategy. The question that most banks are asking themselves, as real-time payments schemes gather pace in different markets around the world, is, “How do we enable real-time, digitally-enabled payments in the best possible way?” To answer that question, banks need to consider FAST payments in the ...

UK Faster Payments

How can you realise instant payments?

18 Oct 2017

This is the question on everyone’s lips across the payments industry, and nowhere more so than in Europe, where the looming deadline for PSD2 (January 2018) has some scrambling to catch up. But how can payments players ensure success for their immediate payments plans within this short timeframe? What is the best recipefor instant payment success?...

Payments strategies 2015-2020-2030

How can we handle settlement for cross-border immediate payments?

18 Sep 2015

Global real time interoperability is in our sights – immediate payments plus the industry consensus that ISO 20022 is the standard ‘de jour’ are paving the way towards a harmonised digital banking future. The first draft of the ‘rule book’ was launched earlier this year by the ISO 20022 Real-Time Payments Group, outlining the correct flows and lan...

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Barry is Commenting on

Why the World Class Payments Project is good news for the UK

Couple of observations Richard, peronally I think the love affair with Direct Debits is not as hot as made out to be, consumers like them for certain thinks such as regular fixed payments (rent), but not so much for variable payments. If an alternative was available like e-invoicing then DDs would drop of over the next several years. Also many banks find DD simiply causes lots of customer complaints causing bad customer experieince and cost. As for batches, surley any bank that wants to survive in the digital age has to get rid of batches and batch processing systems. I agree corporates will keep batches for now, payroll, etc., but that is no reason for banks and indeed the schemes to keep antiquated batch systems, Faster Payments already via Direct Corporate Access (DCA) takes in corporate batches and processes them as individual faster payments. It would not be hard to put same day or even scheduled payments through FP too.

22 Jun 2015 Reply Read article

Swift bids to drive ISO20022 harmonisation

It’s great to see that ISO 20022 is now accepted as the way forward, however I am concerned at the number of ‘schemes for harmonisation’ that are now appearing. First back in January 2015 EACHA published their study on Interoperable Immediate Payment Schemes, the EBA responded to the ECB and ERPB call to action with their Instant Payment Forum, and as recently as the end of April the ISO 20022 RMG convened a very inclusive and independent roundtable to discuss and make a plan for Global Interoperability of Real Time Payment schemes, which SWIFT, market infrastructures, associations, vendors and the press were invited to. Now we hear that SWIFT, not including all interested parties, has also held a meeting to cover the same topic. I have three main concerns with this:- There are now so many of these interoperable schemes or working groups which are expensive for the industry to resource, surely this is what the ‘International Standards Organisation’ is there for, are they not best placed to bring all the parties together to create a single way forward? Did SWIFT take an all-inclusive approach? Possibly not as they now compete commercially with some stake holders, unlike the ISO and the EBA. Other parties, including vendors see the good and the bad with standards as we work with them all the time, we have valuable insight and experience and are willing to share. Following on from the above, you have to question if SWIFT is truly an independent standards organisation any longer? There is already scepticism in the industry, especially as it is developing the Australian NPP immediate payments scheme. I would encourage SWIFT to make the output public as do the EBA and ISO, including details of participants and key discoveries, so all stake holders in the industry can benefit.

20 May 2015 Reply Read article

Banks rethinking business models as PSD2 looms - Finextra research

I agree with both Tom and Rik, yes this is a difficult time for banks, immediate payments and PDS2 will change the fundamental nature of financial services. This is a massive opportunity for banks to take back the central role in financial services, which for many they have already lost. But it requires action, they need to embrace these changes and engage with partners on their terms, not just regulatory compliance. The alternative is rather obvious.

14 May 2015 Reply Read article

Did we solve a payments problem that no longer exists?

Ripple may well offer an alternative global solution, and it would be nice for once for a real global standard to emerge, but will the ever so conservative finance industry adopt such a novel idea? ISO 20022 is tagged as such a global standard, but unfortunately the majority of modern payments systems adopting ISO 20022 seem to be using the standard in a slightly different manner, we will never learn? There is hope that the ISO 20022 RMG may look into this, so crossed fingers. Also, given SEPA is just about complete, the world has moved on and we are now all talking real time or immediate payments with many countries doing or building these new infrastructures now. This is why the EPC is concerned that if all Euro countries build their own real time payments system using ISO 20022 differently, we could lose the benefits of SEPA before it even beds down.

19 Jan 2015 Reply Read article