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Cambridge
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2017
Howard Elsey

Howard Elsey

Director at E-Pay Logistics Ltd
Message Message me Posts: 0 Comments: 5

Howard is Commenting on

FCA to define new rules about data ethics in evolution of Open Banking

  Agree Andrew Smith - consumer at the centre, consumer control and pull data from the data controller aka the consumer. 

29 Mar 2021 Reply Read article

Is VISA a colossus on clay feet?

  It'll work in the EU as the EU have had the schemes in their sights for some time - hence SEPA.  SEPA was a fundamental building block toward this and regulation (PSD2) helps their case. But there's where it then becomes difficult. Like it or not the card schemes are the only truly global networks. And yes, there were built on top of various bank networks but they joined them and provided a convenience and trust through their scheme rules. Tech is fallible but people are too and the rules address both.  That's why they are such huge global brands and all of these factors are huge - for the consumer - an interested party that wasn't mentioned in the article. Can Visa be toppled? Yes.  Will they be?  Well, a bit behind their competitor MasterCard, but they are trying.  They don't own rails as MasterCard do. They have tried to make significant acquisitions to help but have been thwarted.  So the jury is out but there'a long game to play and the consumer has a lot of sway.  They don't change habits or likes so easily.  The young can and do but will their new habits be life long?  And do they have the power of money in comparison to the more habitually entrenches older generations? 

08 Mar 2021 Reply Read article

4 Digital Transformation Lessons that Banks Need to Learn from Covid-19

  Thanks for this article.  A good summary of priorities.  I hope that the collaboration also includes the idea of collaborating with customers on their data from the stance of understanding it's the customer's data, not the banks and they can gain a broader view of customers if there is a fair exchange (quid pro quo) for having the privilege of access to such data. 

21 May 2020 Reply Read article

PayPal rolls out QR Code payments to 28 markets worldwide

  So that's a yes then?

20 May 2020 Reply Read article