by Robert Tripp | Nov 24, 2018 | Articles, Channels, Gateways to the Banking Industry
The Problem Authorised push payment fraud is when a fraudster tricks an individual or business into sending them an electronic payment. This is usually done by using social engineering techniques and may also involve gaining access into an individual’s email and then...
by Robert Tripp | Sep 6, 2018 | Articles, Gateways to the Banking Industry, General
There is no peace for the wicked! Much as big UK banks would like to focus on digital transformation and customers, products and services, the icy hand of past failings will continue to use a large proportion of the IT, Operations and change resources for the next few...
by Robert Tripp | Aug 22, 2016 | Articles, Gateways to the Banking Industry, General
Different arms of Government are driving change in UK banks whose co-incidence in time looks very hard for banks to handle; • Her Majesty’s Treasury and the Finance Select Committee are driving Ring Fencing changes in banks, due for completion by 31/12/2018. •...
by Robert Tripp | Aug 21, 2007 | Articles, Gateways to the Banking Industry
The bottom line is that implementing the PSD will be a significant programme for a UK bank over the next couple of years. Terms and Conditions Time to get the cheque books out for the lawyers. In general the PSD requires banks to change the terms and conditions...
by Robert Tripp | Aug 21, 2007 | Articles, Gateways to the Banking Industry
Good News for Banks The PSD creates the concept of the “unique identifier” for payee. The payer’s PSP should state what is the unique identifier it requires to be able to carry out a transaction (BIC and IBAN, to be able to carry out a transaction (PayPal) etc) in its...
by Robert Tripp | Aug 21, 2007 | Articles, Gateways to the Banking Industry
Execution Cycle The PSD has the concept of day “D”, which is the day that the payment instruction arrives at the Payer’s PSP (e.g. a credit transfer instruction or a credit card payment request). The PSD aims to minimise the delay between the time taken between D and...
