Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre.
Please read our Privacy Policy.

Accept
Channels
Profile
Location
Ipswich
Member since
2014
Chris Meggs

Chris Meggs

Advising Consultant at Chasm Management Limited
Posts: 0 Comments: 6

Chris is Commenting on

Faster Payments a factor in switching bank accounts - survey

  Interesting. My belief, however, is that the reason to switch is based on faith in the institution and the services it uses. FPS gives a faster response for the account holder to verify that a transaction has taken place, successful or not. BACS on the other hand gives a three to six day transaction cycle with confidence in the success of the transaction increasing over the period. No nonrepudiatly, if such a word exists.

12 Aug 2018 Reply Read article

UK Government issues call to action on bank APIs

  Oh the security aspects of this leave me reeling!

03 Dec 2014 Reply Read article

BofA Merrill Lynch lets firms use mobile numbers to pay customers

  So, the use of a proxy database using mobile numbers or email addresses has hidden benefits, the outcome of the law of unintended consequences. Could, at a stretch and in modern parlance be called an application of tokenisation. Who would have thought!?

01 Oct 2014 Reply Read article

FCA examines move to full bank account portability

  Well, step aside and let loose the cannon of the law of unintended consequences! Chasm Management Limited recommends a utility bank approach whereby a bank-neutral service is provided to process current accounts. The consumer interfaces directly with this service. The service in turn interfaces with each financial institution. What this actually means is that the consumer is not tied to any one financial institution anyway, so no need for account portability.

01 Oct 2014 Reply Read article