Payments and Collections

3 things to be learned from the UK as Faster Payments go global

Posted on Nov 17 2014 by

In the UK the Faster Payments system has been up and running for 6 years. We’ve become used to sending and receiving money, if not quite in real-time then much faster than previously; in an increasingly rushed and hectic world the ability to send money quickly and easily offers convenience to consumers and businesses alike. 

Back office legacy challenges facing new banking entrants

Posted on Nov 14 2014 by

Setting up a bank in the UK is costly, time-consuming, heavily regulated and not easy.  As a result, the dynamic, start-up culture that drives innovation in many other sectors is less prevalent within banking and financial services. My article outlines some of the key challenges facing new banking entrants. You may also be interested in: […]

3 occasions when validating bank account data isn’t enough

Posted on Nov 07 2014 by

When I joined Experian almost four years ago I remembered struggling to understand the difference between bank account data validation and verification  – weren’t they both checking that bank account numbers were correct? You may be interested in: I now realise there are important differences and good reasons to make the distinction. Validation is a […]

7 day account switching – from both sides of the fence

Posted on Oct 31 2014 by

I recently decided to take a well-known bank up on their offer of a current account with an attractive set of perks – and so I began the much publicised 7 day account switching journey. As someone with a little knowledge of the payments industry I studied the process with both my personal and professional […]

5 opportunities and 1 issue that corporate treasurers have with SEPA

Posted on Oct 23 2014 by

EuroFinance kindly asked be to moderate a conference session in Budapest  entitled “Beyond SEPA”. In harmony with the main conference themes of disruption and innovation the organisers had decided to run it a little differently and they asked me to run the first session in the new format in the main hall. You may be […]

Build the fairest, most effective collections strategy

Posted on Oct 23 2014 by

As the number of consumers struggling with debt continues to grow, institutions need collections strategies that treat customers fairly, deliver the best business outcomes and minimise operational costs.

Are regulators now set to turn their attention to anti-money laundering?

Posted on Oct 18 2014 by

Critical success of AML and KYC initiatives have to be underpinned by a combination of vigilance and due-diligence.

4 payments issues to watch out for after the SEPA migration

Posted on Oct 13 2014 by

EuroFinance has kindly invited me to moderate a session entitled “Open Spaces: Beyond SEPA” at their conference next week. Yesterday, in preparation, I was on a conference call with six treasury experts from businesses across Europe which highlighted issues and opportunities and so promises to make our discussion in Budapest very lively. You may be […]

5 reasons why you need to take care when using IBANs

Posted on Oct 06 2014 by

The move to global standardisation using ISO2022 XML has meant the adoption of the International Bank Account Number (IBAN) by many countries and organisations. This means the IBAN effectively supplants a country’s domestic bank account data, such as account number and sort code.  

Five things you might not know about IBAN

Posted on Sep 26 2014 by

Initiatives such as SEPA (Single Euro Payments Area) and the move to global standardisation using ISO2022 XML have led to the adoption of the International Bank Account Number (IBAN). Here are five things you might not know about the IBAN: