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Comment on the SIBOS experience from a market participant who will remain nameless: "Don't you feel like you are in The Matrix here in Toronto? It's where it was filmed. No sign of Morphius or Neo but there are a fair few peeps at the conference who look like Agent Smith". Lol at that one

Suppliers of uncertain reputation/financial longevity used over the last month: Crystal Palace FC, supplier of mounting boards for training certificates in Worcester, supplier of kite surfing harness, Air Transat (to fly to SIBOS), Wizz Airlines (to participate in a choir festival in Krakow) etc etc. With a Mastercard I don't need a Dun+Bradsteet report on any of these outfits...  

Yes it's a re-spray of SEPA Credit Transfer, that staggeringly successful financial innovation. Hw are you to know, Mr Steve Robson sir, whether the merchant is reputable or not? Or maybe the buyer's bank should guarantee the refund, and open a warehouse where the buyer can return the goods?

This needs better branding, how about EBA Step3, or may Eleanor, or even e-payments-plus, just a few names picked out of nowhere?

Martin Wilson, then Head of Vocalink Ventures and now CEO of Luup, and Paul Taylor, now an SVP at Bank of America in London, were the main internal sponsors of this initiative, so it is unfair to mention Fred Bar and not to mention these others, since Fred inherited a situation that was already unpromising.

Is this a post from 1991 or 2011? 

This has a Churchillian ring - 'not the beginning of the end but rather the end of the beginning', but it is also reminiscent of the words of Magnus Pym, the lead character in John Le Carre's 'A Perfect Spy': 'this may be the end but from where I am sitting it really looks more like the beginning'. That's just before he goes into his bathroom and shoots himself. 

Do you mean the Fork Handle model?

One cannot be sure of that. What if an unscrupulous individual developed a form of reader that they could secrete inside their overcoat using battery power? Then, on a crowded form of public transport, they could innocuously place themselves adjacent to other passengers whereupon, when the device detected a contactless card about the person of their fellow passenger, they would be alerted by a bleep into an earpiece, and could charge off 22p per card - try that on the 17.25 Waterloo-Guildford with every third commuter having such a card (20 out of 60, if Visa are to be believed) and you would be well in the money.

Is that anything to do with the Four Candle model?