Payments UK, the trade association for the payments industry, has today (11 February 2016) published a second report in its World Class Payments series, titled: ‘How consumers around the world make payments’.
Payments UK, the trade association for the payments industry, has today (4 February) announced that two organisations have signed up to become full members, ipagoo and Prepaid Financial Services (PFS).
Trade association Payments UK has launched a directory designed to make it simpler for anyone making cross-border payments into Britain to check routing data.
A ‘retry process’ that helps bank and building society customers avoid unpaid payment charges has saved them at least £200 million in the 12 months since its use was extended across the banking industry in September 2014.
The UK's much vaunted current account switching service is beginning to look like an expensive white elephant, as fewer consumers transferred their business in 2015 compared to the previous year.
Nearly two months ahead of the 1 February 2016 regulatory deadline which will require Eurozone Payment Service Providers (PSPs) to process SEPA payments using only the IBAN - rather than the BIC and IBAN as they are currently - Payments UK has launched a new tool to help these PSPs when sending SEPA payments to the UK.
Maurits Lucas, Business Manager for inTELL, the Cyber Intelligence team at FoxIT, explains the three layers of cyber intelligence (strategic, tactical, and operational), and the difference between automated and hybrid attacks.
Craig Rice, Director of Security, Payments UK, discusses how the banks and government are managing cyber security risks, and outlines the differences between cyber risk and technological risk.
Maurice Cleaves, Chief Executive, Payments UK, speaks about the company’s transition from the Payments Council, the most concerning aspects of cyber security, and if startups have a higher risk of cyber-attacks.
UK financial sector trade associations the British Bankers’ Association, the Council of Mortgage Lenders, Payments UK and the UK Cards Association could be brought together to create a single umbrella organisation for the industry under proposals put forward by a bank-backed review body.
© Finextra Research 2016