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Bob Lyddon Consultant at Lyddon Consulting Services
The last update we gave was that the sponsor of Project Carlton had signed off on the initial research and endorsed its sharing for validation with five or six interested parties. We did that, got very favourable responses, and have then: presented aspects of the research at industry events; used the research as a basis for a submission to the Tre...
12 December 2018 /payments /retail
Pay.uk Ltd was founded three months ago (on 25th August 2018) as a company limited by guarantee no. 11536594 and registered to 2 Thomas More Square, London. Is that a surprise to you? It might be. On 10th October 2018 it changed its name to NPSO Ltd, NPSO being short for New Payment System Operator Ltd. There already was an NPSO Ltd – a company li...
26 November 2018 /payments
“Request to Pay” or “RtP” is a new service planned for the UK by Pay.uk (formerly known as New Payment Systems Operator), and is likely to be adopted in some form within the Single Euro Payments Area as well. The basic concept is that an invoice for regular utility supplies – like water, gas, electricity, phone – is not collected via Direct Debit a...
21 November 2018 /payments
On 18th October 2018 Pay.uk - the re-branded New Payment System Operator - held a launch event and distributed brochures about their new service called Confirmation of Payee, or CoP. We have previously labelled Pay.uk’s approach to CoP as a “CoP-out” and so it has proved. CoP is the service that up to now was: Meant to solve Authorised Push Payme...
30 October 2018 /payments
On 18th October 2018 Pay.uk - the re-branded New Payment System Operator - held a launch event and distributed brochures about their procurement process for a strategic partner with whom to develop the New Payments Architecture - or "NPA" - for the UK's retail payments. The prospectus was entitled "Enabling a vibrant UK economy"...
23 October 2018 /payments
We learned on Thursday 18th October 2018, at the launch event of Pay.uk, that any renewal of the UK's retail payments infrastructure will have to wait until after the renewal of the Bank of England's payments infrastructure. This is by far the first instance of the Bank of England standing in the way of innovation, new competitors, new services an...
21 October 2018 /payments
[Sourced from the research behind Project Carlton] New Payment System Operator Ltd has just changed its name to Pay.uk Ltd, a shatteringly unoriginal name and unfortunate in that NPSO was meant to signal a clean break from the previous power structure over the UK payments landscape. Payments UK, the previous industry trade body, scarcely lies cold ...
14 October 2018 /payments
Scott Cutler Director, at Fortinet
The financial services sector is a high-value target for hackers, and therefore faces daily attacks that attempt to bypass defences protecting a growing number of attack vectors. A staggering 36 per cent of these attacks result in data loss. This growing risk comes at a time when financial services firms are turning their focus to innovating new
05 October 2018 /payments
New Payment System Operator (“NPSO”), the organisation charged with delivering the UK’s New Payments Architecture (“NPA”) and the “End User Needs” services dependent upon it, seems to be backing away from its sense of responsibility towards “Confirmation of Payee”, or “CoP” for short. The CoP service is where a payer confirms that the payee they a...
29 August 2018 /payments
NPSO Report & Accounts for the period from its foundation on 18th July 2017 until 31st December 2017 show Directors' Remuneration at £229,469, with the highest-paid director receiving £93,333. This seems like a very large bill for a board on which 6 out of 7 directors were non-executive. It is not even a bill for 1/2 of a year, but more like 1/...
15 August 2018 /payments
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