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 | Nov 22, 2006 | Articles, Banking Product Engines, Channels
What is a merchant Acquirer? The average Retailer wishes to accept credit and debit cards from a number of card schemes. A Merchant Acquirer is (normally) a bank who will provide the following services to the retailer. Provide a single interface to the scheme for all...
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...
