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John Bertrand

MD
Tec 8 Limited
Member since
03 Apr 2020
Location
London
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Followed by John Sims, Martha Boyle and 5 others you follow
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John's opinions

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John Bertrand

News on changes to APP fraud regulation

It was good news to hear that the regulators changed the ceiling of reimbursements to £85,000 from £415,000 and stopping the yellow journalism of all APP frauds would immediately rise to £415,000. The £85,000 level covers 90% of today’s APP scams. It’s important to match the ceiling on bank deposit compensation schemes world-wide. The new regulati...

06 September 2024 /payments /regulation The Payments Business

John Bertrand

Fraud is not just financial loss

Summary Should the movement to defer the Payment System Regulator’s (PSR) mandated regulations for a year beyond the proposed start date of October 2024 then, at the current rate, a million bank account holders will be scammed out of £480 million. The banks will lose £240 million and so will the victims every year until the situation changes. Frau...

02 September 2024 /payments /regulation The Payments Business

John Bertrand

Just implement the new regulations to prevent APP (Authorised Push Payment) fraud

The Financial Times last week reported strong industry resistance to the incoming mandatory reimbursement to bank fraud caused by authorised push payment (APP) fraud. This is understandable as banks since 2015 have not refunded 50% of the reported amounts scammed and now are mandated to refunding 100% of the customers money. A serious recurring an...

19 August 2024 /payments /regulation The future of Payments in Europe

John Bertrand

Bank Fraud is Colossus: what can we do?

Bank Fraud was examined in clinical detail at LexisNexis ‘Trust:Live 2024 Conference. Fraud represents 49% of UK Crime. No one knows how many scammers are out there. The scale of scam messages, over 1 billion sent over the telecom networks this year, suggests a significant number of digital fraudsters. The Dedicated Card & Payment Crime Unit ...

27 June 2024 /payments /crime Artificial Intelligence and Financial Services

John Bertrand

Greetings from New York City, where you can save money by paying in cash.

Watching a televised rugby game, Leinster playing Northampton, at an Irish pub, The Long Hall, NYC, the bill if paid in cash would be discounted. On $100, savings could have been $3.00. Incentives, in the US cash are plentiful, for example, the price of gas (petrol) is lower at the pump when cash is used. Also, at the point of payment, the cust...

12 May 2024 /payments /regulation The Payments Business

John Bertrand

Global Instant Payments - the next big thing

Answering the question “what is the next big thing” well it is Global Instant Payments. The importance of this is ‘Elon Musk’s X now has a Money Transmitter License in 25 US States and the goal is a self-contained financial ecosystem within the X platform. Musk was behind PayPal ranked second in a report of 10 Best Online Payment 2024. While more...

01 May 2024 /payments /retail The future of Payments in Europe

John Bertrand

Future of Payment Review – who will pay?

Future of Payment review published in 2023 on behalf of the UK Government, reflected the complexity of the current environment in the UK for instant payment. The review is clear that the UK needs to move to the next generation of instant payment with timely and accurate information. However, who will pay for that move? The Future of Payment Review...

26 April 2024 /payments /regulation Digital Bank Transformation

John Bertrand

Future of Payment Review – six-months on – APP Fraud

Joe Garner’s Future of Payment review published in 2023 on behalf of the UK Government reflected the complexity of the current instant payment UK environment. The situation has allowed the UK’s early leadership in global instant payments to decline. The UK is starting to fall behind in terms of person-to-person payments made by bank account transf...

18 April 2024 /payments /crime Operational Risk Management

John Bertrand

Future of Payment Review: six-months on – Digital Payment Infrastructure

Joe Garner’s Future of Payment review published in 2023 on behalf of the UK Government reflected the complexity of the current instant payment UK environment. The situation has allowed the UK’s early leadership in global instant payments to decline. The UK is starting to fall behind in terms of person-to-person payments made by bank account transf...

17 April 2024 /payments /regulation Banking Strategy, Digital and Transformation

John Bertrand

Future of Payment Review UK – six months on

Joe Garner’s Future of Payment review published in 2023 on behalf of the UK Government reflected the complexity of the current instant payment UK environment. The situation has allowed the UK’s early leadership in global instant payments to decline. The UK is starting to fall behind in terms of person-to-person payments made by bank account transf...

10 April 2024 /payments /regulation Banking Strategy, Digital and Transformation

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John writes about

  • payments
  • regulation & compliance
  • retail banking
  • cloud
  • financial inclusion
  • cryptocurrency
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John's opinion archive

  • 2025 (9)
  • 2024 (13)
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  • 2020 (2)

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  • The future of Payments in Europe

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