This addition to the Transaction Banking Compass series explains the key operating, strategic and commercial issues created by the new faster payments service. It will help you unlock the potential benefits and it will help you to manage the risk.
The UK Faster Payments service is a self-regulatory response to the threat of regulation in the UK Payments market.
Launched in May 2008, the service is set to exceed 2.5 billion transactions by 2018 and is also set to revolutionise the UK Payments market by:
This creates a number of challenges for Payment Service providers:
Not only does this create complexity and risk for operational areas, the Payment Services Directive will allow new competitors to access the benefits of the collective infrastructure to achieve reach, achieve speed to market and provide services in a way that has only been considered remote to date.
Our team of experienced practitioners includes people who directed the development, wrote the rules or helped implement the change. They can give you an inside track to the potential pitfalls and acieve a sustainable strategic response. They can help you increase revenues and reduce cost. They can help you to reduce your risk too.
|Oct 2010||Thiriving in the new transaction banking ecosystem|
|Sep 2009||Faster Payments: Tomorrow happened yesterday|
|Sep 2009||Custody: A business at the crossroads|
|Sep 2009||Understanding the corporate treasurer: Banks need to put themselves in their customers' shoes|
|Apr 2009||Kill two birds with one stone: Less risk more value|
|Jan 2009||E-invoicing: Now is the time to act|
|Jan 2009||Regulation dominates the transactions agenda|
|Jan 2009||Transaction banking takes off|
|Jan 2009||Come in number 27, your time is up|