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 | 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...
