UK Faster Payments

A place to discuss and share information on the introduction of the UK Faster Payments scheme

John Cant Managing Director at MPI Europe Ltd

Cheque mate?

The humble cheque seems to have some very keen supporters as Ian Benn's blog demonstrates, so I thought it was worth sharing some material extracted from the most recent MPIE Financial Sector Bulletin (to receive a full copy of this bulletin each month just send an email containing the word subscribe to contact at mpi-europe.com) Over the last 10...

05 December 2007 /payments

John Cant Managing Director at MPI Europe Ltd

Faster Payments implementation pressures grow

The initial target of the UK Faster Payments scheme seemed a simple concept to deliver - eliminating float (the three days gap between funds leaving the payee's account and arriving in the recipents) - but as with most financial sector initiatives the implementation detail has been significantly more complex. Back in February this year when I fou...

24 June 2007 /payments

John Doyle Director at The Payments Business

SEPA Rules, OK!

Over the weekend I was ruminating as you do, with a glass of wine in my hand. The object of my rumination was, unlikely as it sounds, SEPA. I know, I know, I need to get a life – but bear with me. Although I understand the broad concept and aim of SEPA and am a big supporter, I’m no expert unlike Chris Pickles who regularly writes on the topic. ...

19 June 2007 /payments

John Doyle Director at The Payments Business

Recovering Bank Charges - 5

See also Recovering Bank Charges - 1Recovering Bank Charges - 2Recovering Bank Charges - 3Recovering Bank Charges - 4Money Saving ExpertBBC Story Yesterday£100,00 fund to fight charges Good news! I first made contact with the bank re: my charges on March 9th, this weekend I finally got my Data Protection release form to allow the bank, which hold...

11 June 2007 /retail

John Cant Managing Director at MPI Europe Ltd

Faster Payments on track

It seems appropriate to start blogging about UK Faster Payments (UKFP), the scheme to provide cheaper and easier "near real-time" via internet and phone banking, by a reference to the most recent APACS announcement. At face value it is reporting good news - the scheme is on track. However, there is the strong hint in the text that even t...

22 February 2007 /payments /retail