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Transaction Banking

A community for discussing technology trends, views and perspective in global transaction banking

Bob Lyddon

Bob Lyddon Consultant at Lyddon Consulting Services

Crummy CReM code offers no comfort to UK payment fraud victims Part 1

This is the first of 8 blogs on the Contingent Reimbursement Model code (or “CReM”) that has been finalised by an offshoot of the UK’s Payment Systems Regulator called the Authorised Push Payments Scams Steering Group. The PSR announced the unveiling of the final version of the CReM with the usual fanfare. This is the code, a year or more in the pr...

/payments /regulation

James Sinclair

James Sinclair 

7 Trade Finance Leaders share the biggest themes for 2019

Amongst all the doom and gloom about trade wars, protectionism and economic uncertainty over the past 12 months, Trade Finance Global (TFG) spoke to leaders in trade about the positive news stories and things to look forward to in 2019. Pledges to fully digitalise Trade Finance Enno-Berghard Weitzel at Commerzbank AG said: “Commerzbank has pledged ...

Bob Lyddon

Bob Lyddon Consultant at Lyddon Consulting Services

Pay.uk’s Byzantine organisation promises longevity for New Payments Architecture programme

The Byzantine Empire is deemed to have emerged in 476 A.D., its being based on the residual Eastern Roman Empire at the point at which the Western one collapsed. The Byzantine Empire survived for nearly a thousand years, until brought to an end by the sack of Constantinople by the Ottomans in 1453. Pay.uk’s project to build a New Payments Architect...

/payments

Bob Lyddon

Bob Lyddon Consultant at Lyddon Consulting Services

UK’s New Payments Architecture fully live by 2030, indicatively

Pay.uk have issued their February 2019 NPA Programme Industry Newsletter, entitled “Enabling a vibrant UK economy”, NPA standing for New Payments Architecture. The title should have had “…in the 2030s” appended to it, since that is the timeline inferred by the newsletter’s content, if not by its form or wording. There is a beguiling diagramme, show...

/payments

Bob Lyddon

Bob Lyddon Consultant at Lyddon Consulting Services

Cheques to be excluded from UK's New Payments Architecture

Once again cheques in the UK are facing their demise, this time as a consequence of their being excluded from the New Payments Architecture project, or "NPA". This time it will be a slow and lingering death over a 10-15 year period, as investment is channeled into other services and the cheque service withers on the vine. Ten years ago a ...

/payments

Bob Lyddon

Bob Lyddon Consultant at Lyddon Consulting Services

Project Carlton research - a stock take on the PSR and PSF 2014-2018 and the cupboard is bare

Project Carlton has been conceived as a stock take of the efforts to reform the UK payments business since 2014 and to evaluate the case for a change in direction. The reform efforts have been spearheaded by the Payment Systems Regulator and its creature the Payment Strategy Forum. They have involved a supporting cast of hundreds, including several...

/payments

Retired Member

Retired Member 

Cash Management: The change is here

Cash Management has been around since the beginning of trade and business – it is basically a simple concept – Making sure that your cash is optimally utilized and ensuring that it is at the right place at the right time. It has all been about finding ways to optimize the receipts and stretch out the payments so that the organization enjoys maximu...

Bob Lyddon

Bob Lyddon Consultant at Lyddon Consulting Services

Phase 2 of Project Carlton on UK payments landscape: submerged by paper mountain

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...

/payments /retail

Bob Lyddon

Bob Lyddon Consultant at Lyddon Consulting Services

The curious incident of company No. 11536954 - Pay.uk Limited, founded three months ago

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...

/payments

Bob Lyddon

Bob Lyddon Consultant at Lyddon Consulting Services

Request to Pay: challenges for the Treasurers of Creditors, but bonanza for the Treasurers of Debtor

“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...

/payments