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Payments:Unpacked

Faster Payments Turns Eighteen

Published 27 days ago • 1 min read

Mike Chambers is joined by Richard Ransom, Head of Solution Consulting for Corporates at Bottom Line, for a wide-ranging conversation covering the most important topics in UK payments right now.

video preview​

Richard and Mike talk about…..

  • Faster Payments turning 18 — the bold decision to go real-time in 2008, the missed opportunity in B2B payments, and where it goes next.
  • Then Direct Debit — still processing billions of transactions after half a century, but what needs to change around the first payment to account, the processing cycle, the unlimited guarantee, and flexibility.
  • VRPs get a honest assessment — why momentum has stalled, why billers aren’t excited, and what the industry could learn from direct debit’s success.
  • The conversation moves to payment rails and new retail payment infrastructure — the competing forces, the standards challenge, and the danger of throwing the baby out with the bathwater.

And finally, resilience — why we need to nail the current systems before we introduce something new, and what corporates need to do to protect themselves.

Links to articles mentioned by Mike and Richard can be found at: www.payments-unpacked.com

Payments:Unpacked

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Payments:Unpacked

A refreshingly independent view on the payments niche we inhabit

"Mike's career at the heart of the UK's payments infrastructure and his wide perspective on the evolution of the space are invaluable to those of us developing strategies in the field." Dave Birch

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