Payments - SEPA for Corporates

The Top Payments News Stories in June, 2016

Jun

30

2016

Payments news stories in June 2016 were dominated by the usual themes – fintech initiatives, collaboration, bank branch closures, the move to contactless payments, cyber-security breaches and a couple of SWIFT stories. But there was one story that overshadowed all of these – Brexit. Firstly, the build up to the crucial EU referendum vote. Secondly, ...

List of the NCC – National Clearing Codes 18

Jun

20

2016

In the post a Simple Guide to the SWIFT MT101 Format there is reference to tag 57 – Account with Institution. On the whole, you should use 57A which requires the BIC value. But for some domestic transactions you need to use the 57C option, and must indicate the National Clearing Code. Sometimes if you wish ...

10 Epic Themes from the CB Insights Future Of Fintech Event

Jun

12

2016

I’m one of the 167,608 subscribers to the CB Insights Newsletter – a must read for folks interested in all things fintech. CB Insights provide industry led research, data and analytics covering a vast spectrum of topics from incumbent corporation investment strategies through to start up company trends, noteworthy economic, markets and investment analysis for ...

10 Lessons My Boiler Taught Me About Payments

Jun

7

2016

Over the last couple of years i have been busy renovating our house. It was on the market in a pretty bad state, but i loved it. I had ideas about this, that and the other and knew that i could make it our home. But the renovation is not the focus of this post, ...

The Top Payments News Stories in May, 2016 1

Jun

1

2016

Payments news stories in May 2016 were packed with reports about the SWIFT related hacks in Bangladesh, Vietnam and Ecuador. While there is just one line below, i dedicated a complete SWIFT related hacks post to the various goings-on. Elsewhere, mobile payments went from strength to strength with the continued roll out of Apple Pay, Android ...

“Sometimes it takes a crisis” – SWIFT CEO on Cyber Security 3

May

25

2016

You may have guessed by now that i am pretty interested in SWIFT, and was particularly keen to hear what the SWIFT CEO (Gottfried Leibbrandt) would cover in a speech he gave to a Financial Services Conference in Brussels yesterday. Following the revelations from the recent SWIFT related hacks there was a greater degree of ...

29 Epic Identity Tweets From the ID2020 Summit in New York

May

23

2016

Okay, so i didnt know anything about ID2020 until Friday night. I was browsing Twitter and one of my go-to people, Chris Skinner, tweeted “I believe i can fly”. The picture reminded me of the St. Michael statue outside of Coventry Cathedral – which is just outside of my home town. Before too long i realised ...

A News Bulletin Overview of the SWIFT Related Hacks 6

May

20

2016

By now most people are aware of the reports of a second third SWIFT related hack. I was reading about the various reactions to the hacks and it is pretty alarming stuff. The Vietnam hack involves a SWIFT Service Bureau which for many corporates is a scary prospect, because many of them are also using SWIFT ...

11 Things You Need To Know About SEPA Instant Payments 6

May

16

2016

Everyone wants everything instantly! Consumers are increasingly accustomed to instant payments through various mobile offerings, and there is a similar ‘instant’ expectation for non-mobile payments. In Europe that means SEPA Payments, hence the emergence of SEPA Inst Payments, or more officially the SEPA Instant Credit Transfer Scheme. Instant payments are clearly the flavour of the ...

The Best Tweets from Africa’s largest Fintech Event

May

9

2016

Last week there was a major fintech event in Africa – Dot Finance Africa. I heard about the fintech conference through various tweets, and was intrigued. Africa is a hot bed of innovation, the region is free from the clutches of legacy and is seemingly ready and willing to embrace new technology. Banks, payment service providers, mobile ...