At UK first Global Fraud Summit, HM Treasury plans to introduce legislation, only to apply to suspicious Authorised Push Payments executed within the UK in sterling. The proposed statutory instrument amends the Payment Services Regulations 2017 and allows PSPs to delay the execution of an outbound payment transaction by up to four business days fr...
15 March 2024 /payments /regulation Innovation in Financial Services
EU mandatory regulations for instant credit transfers within the Single Euro Payments Area (SEPA) are right on the money. The key requirement is verification of payee. Today this is absent in the UK, apart from ten mandated banks plus a few more. IBAN (International Bank Account number) is being supplemented to identify the actual owner of the ac...
21 February 2024 /payments /regulation Banking Strategy, Digital and Transformation
Brilliant start to the year with HSBC head of wealth announcing a new Foreign Exchange (Forex) app to take on Wise (1). The app is for existing and new customers wanting to make foreign exchange transactions instantly. This activity fully supports the 695th Lord Mayor of London Lecture on “Harnessing Entrepreneurship to Build a World-Class Economy...
05 January 2024 /payments /markets Banking Strategy, Digital and Transformation
Banking Strategy, Digital and Transformation
The future of Payments in Europe
Kirk AndersonMD at EFTPOS Central
Kate PohlMD at Senior Advisory
Darren ThomasMD at IHS Markit
Anna MazzoneMD at MetricStream
Alastair RutherfordMD at ASCENDANT STRATEGY LTD
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