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A place to discuss and share information on the introduction of the UK Faster Payments scheme
Change always comes at a price, and VocaLink needs to change; and Marion is the price. It would be unkind and unfair to view her time as CEO as a failure because she made a huge difference at VocaLink...
There was a time when bank marketing departments offered well crafted products delivering genuine value for money, but that doesn't seem to be the case now. Advertising is dominated by savings account...
As the global economy slowly emerges from the downturn in what is becoming an ever more aggressive marketplace, organisations are seeking to gain that all important edge over their rivals; with many t...
Only last week, the consumer group Which? branded the UK’s Faster Payments scheme as unfair and confusing (BBC News, 11 June 2010). Apparently, ‘one in four credit card companies still cannot receive...
FastPayments.co.uk are undertaking a survey into the current state and progression of the scheme following its public launch some months ago. We are interested in understanding an industry view of t...
My previous blog on Faster Payments posed the question whether some/all UK banks were seeing Faster Payments as an opportunity or sideshow? Still an open question I believe. So it was interesting to ...
If you are going to delay a major financial sector initiative then six months is probably the minimum delay that makes sense. Anything shorter does not give institutions time to react, and anything mu...
The humble cheque seems to have some very keen supporters as Ian Benn's blog demonstrates, so I thought it was worth sharing some material extracted from the most recent MPIE Financial Sector Bulleti...
The initial target of the UK Faster Payments scheme seemed a simple concept to deliver - eliminating float (the three days gap between funds leaving the payee's account and arriving in the recipents) ...
Over the weekend I was ruminating as you do, with a glass of wine in my hand. The object of my rumination was, unlikely as it sounds, SEPA. I know, I know, I need to get a life – but bear with me. A...
See also Recovering Bank Charges - 1Recovering Bank Charges - 2Recovering Bank Charges - 3Recovering Bank Charges - 4Money Saving ExpertBBC Story Yesterday£100,00 fund to fight charges Good news! I ...
It seems appropriate to start blogging about UK Faster Payments (UKFP), the scheme to provide cheaper and easier "near real-time" via internet and phone banking, by a reference to the most ...