Payments:Unpacked @ Mike Chambers

In a month of political change, you've probably been getting your payments fix from The Rest Is Politics with Alastair Campbell and Rory Stewart. And with a new Premier Football season around the corner, you'll probably will be getting your football fix from The Rest Is Football with Gary Lineker and friends. Well, here's where you can get your payments fix. Host: Mike Chambers Support...

Before 2008 payments were a real pain - this all changed when Faster Payments entered our lives. Faster Payments has transformed who we pay, how we pay and when we pay - socks, last nights pizza and household appliances can now be bought within seconds via a smartphone. Remembering a time when payments could take days is like trying to recall what it was like to travel via a house and carriage. Jo...

While ISO 20022 is not new, it will soon become the de facto standard for sending financial messages between financial institutions and businesses.  The drive and industry development behind upgrading payment infrastructures, instant payments and cross-border payment capabilities make adopting ISO20022 paramount in its importance and urgency.  With such a transformational undertaking right at the...

From coins in 64BC, Knights Templar in the 1100’s to Reg Varney in 1967 it’s been a long journey for payments. In this episode we look at how a period of 300 years when ‘nothing’ happened in banking and payments was followed by 30 years of analogue innovation and 30 years of digital transformation which has fuelled our current payments age.

Mike Chambers discusses investing in Answer Pay and capitalising on Request to Pay with Peter Cornforth and Ralf Ohlhausen.

Simple, reliable and stress-free The subject of this special anniversary podcast shares its special day with: The Mayflower setting sail for America in 1620. The introduction of First Class stamps by the Royal Mail in 1968. The UK government suspending Britain’s membership of the European Exchange Rate Mechanism in 1992. All of these events happened on the 16th of September. The 16th September 202...

Rowenna is sharing her story about how she (nearly) got scammed in the hope that it might help others and to assuage her “total embarrassment by doing something positive”. UK Finance report that in 2022, criminals stole a total of £1.2billion through authorised and unauthorised fraud and scams. During 2022 criminals have continued to focus activity mainly on socially engineering their victims, usu...

Making it easy to issue and pay bills - when you want, how you want. Request to Pay  (RtP) is a messaging ecosystem that provides the necessary interconnecting communications required to make secure payment requests possible. It allows billers to initiate a payment request, and enables customers to choose when and how they pay. RTP can be overlaid on top of existing infrastructure, saving you cost...

Has the penny had its day? "In terms of the coins in your pocket, it's useless" - the National Consumer Council 1983 talking about the half penny coin in the 1980's. Like many of us over a number of years I had accumulated a bag full of Euro denominated coins so last week I took the opportunity of repatriating my bag full of Euro Cents by feeding a number of car park ticket machi...

A moment of decision is a noun defined as: A climactic, decisive or critical moment in an event or period. With the Payment Systems Regulator (PSR) stating in its recently published 2023/24 plan that it is keen to see progress on delivery “ without further delay ” and the potential for the white smoke of a vendor decision in the coming weeks it really is a moment of decision for the New Payment Ar...

Teresa Connors from Payment Matters joins us for our latest Payments:Unpacked video. In this episode Teresa unpacks the topic of Consumer Duty. Helpfully, Teresa provides this introduction: We’re at an inflexion point, as firms are becoming aware / coming out of denial / realising it’s not just a compliance thing and tackling the enormity of the task to embed and prove embedment of the FCA Consume...

Lee McNabb from NatWest joins us for our latest Payments:Unpacked video podcast. In this episode Lee unpacks: The current state of play of A2A payments and explores what expectations we should place on the future expansion of this new payment mechanism. Why the New Payments Architecture (NPA) is important to the future of payments for NatWest (and the wider market). What innovative features can we...

Nick Davey from the Payment Systems Regulator joins us for our latest Payments:Unpacked video podcast. In this podcast Nick answers questions that have been asked by readers of the Payments:Unpacked newsletter and Mike’s Linked In connections. Hear Nick’s answers to: ·  What are the biggest near-term challenges for New Payments Architecture? Teresa Connors, Payment Matters ·  During the...

Alex Preece from Tillo joins us for our latest Payments:Unpacked video podcast. Alex unpacks: - How rewards, incentives and gifts network for the digital age are transforming the gift card market. - How Tillo helps companies build loyalty, both attracts and retains customers and brings value to payments. - How the Tillo loyalty platform can integrated into banks (via API integration). - When the g...

Teresa Connors from Payment Matters joins us for our latest Payments:Unpacked video podcast.   If you have not met Teresa yet here is an endorsement from her Linked In profile:  “…simply superb, a wealth of experience in the financial services industry and with a huge network to call upon – a true payments professional with infectious passion, a practical approach, an authentic approach...

Jonathan Hughes from OneBanx joins us for our latest Payments:Unpacked video podcast. As OneBanx seek to create a sense of community, provide opportunities for everyday human interaction and to meet a community's every day banking needs Jonathan unpacks: - Why the OneBanx concept is more than just providing access to cash. - The benefits OneBanx can offer banks and how they can help address the 'b...

Ciaran Savage from Card Industry Professionals joins us for our latest Payments:Unpacked video podcast. Using customer use cases Ciaran explores: - The role of an ISO (yes, another TLA). - How Card Industry Professionals can make a real difference for a business that is already card payment enabled. - How Card Industry Professionals can enable a business to take card payments for the first time. M...

Peter Cornforth from Answer Pay joins us for our latest Payments:Unpacked video podcast. In this podcast Peter covers: - How might RtP and VRP’s co-exist to provide a better (or different) consumer focussed solution to Direct Debits? - How could regulators, billers and banks better empower consumers to choose how they pay, when they pay and who they pay? - What might a future OB entity look like a...