by Robert Tripp | Aug 21, 2007 | Articles, Gateways to the Banking Industry, General
The diagram below illustrates the relation between the PSD and other initiatives such as SEPA , EC2560 and UK Faster Payments. As can be seen it is broader in scope than any of these ideas; indeed it forms the overarching legal framework for virtually all payments...
by Robert Tripp | Jan 22, 2007 | Articles, Banking Product Engines, Gateways to the Banking Industry
The article on the Current UK Cheque Clearing Process shows how lengthy a process it is getting a cheque cleared at the clearing banks, this article aims to highlight how much longer it takes for agency banks to carry out the same process. To help explain this the...
by Robert Tripp | Jan 22, 2007 | Articles, Banking Product Engines, Gateways to the Banking Industry
The UK Cheque clearing process is a fairly time consuming procedure and the following article will explain how cheques are cleared and why it is such a lengthy process. To help explain this the article has been broken down into several parts: Introduction Normal...
by Robert Tripp | Jan 21, 2007 | Articles, Banking Product Engines, Gateways to the Banking Industry
In November 2006, the Office of Fair Trading (OFT), a branch of the UK Government and APACS jointly announced changes to the UK Cheque Clearing System. Who will blink first, the OFT, the Clearers or the Agency Banks? To explain how we come to this conclusion we break...
by Robert Tripp | Nov 22, 2006 | Articles, Gateways to the Banking Industry
UK banks have to do quite a bit of work to support SEPA. Furthermore, they have some options which go beyond “complying” with SEPA to exploit it. To explain this we have broken this article into four parts: What’s SEPA? What do UK banks have to do as a minimum? What...
by Robert Tripp | Sep 25, 2005 | Articles, Banking Product Engines, Gateways to the Banking Industry
Introduction The OFT and the banking industry have agreed to create a new payments capability for the UK by the end of 2007. For standing Orders, internet banking transfers and telephone transfers between banks the movement will be near real time. Currently, there is...
