5 Things You Need To Know About PSD2 – Payment Services Directive 67

Speculation over the much anticipated PSD2 – revised Payment Services Directive – has been gathering for quite a while now. Last week the European Parliament adopted the revised Directive on Payment Services (or PSD2), and with it the PSD2 reality got a little bit closer. PSD2 has been attracting quite a lot of attention, and ...

7 Insights Into The Causes of Payments Disruption

I spent more time than I should have over the weekend reading the Deloitte report Payments Disrupted – The emerging challenge for European retail banks. Payments disruption is a hot topic and this report provides an insightful overview of how regulation and technology are leveling the payments industry playing field. The Deloitte study has a ...

Payment Reason Codes, R-Transactions, R-Messages 18

Most corporates focus on getting their payments to the banks in a controlled, secure and efficient manner. Once at the bank, corporates want to ensure that their payments STP – Straight Through Process. The objective is firmly on the connectivity from the corporate to the bank, and then ensuring that the payments data and format ...

Valid XML Characters for your SEPA Payments 3

Understanding the list of valid xml characters for your SEPA Credit Transfer (PAIN.001) and SEPA Direct Debit (PAIN.008) formats is really important. I know that is stating the obvious, but often invalid xml characters or illegal xml characters are entered into the payments format and can cause either the single payment to be rejected or ...

The Benefits of SEPA According to PWC 2

PWC were assigned by the European Commission DG Internal Market & Services to analyse the benefits and opportunities presented by SEPA once ‘fully embraced’. The report released last year in January 2014, provides us with some interesting insights into the opportunities and benefits of SEPA. Some aspects of the report are very technical and theoretical, but ...

9 Bank Interface Questions All Companies Need to Ask 1

In the post Corporate to Bank Connectivity – 10 Questions YOU Need To Ask I suggest some high level questions to ask if you are considering an entirely new bank connectivity solution. The highlighted questions will help you get a birds eye view of your existing internal systems and banks. Now depending on the size of ...

The Top Payments News Stories in May, 2015 1

Cor blimey… Its June ! Here we go with a round up of the payments news stories from May 2015. In this month mobile payments news stories seemed to topped the bill, with plenty of cyber security and digital currency happenings too. There were a couple of developments in user authentication and I’m sure this is a ...

5 SEPA Preparation Tasks You Need To Do TODAY

A couple of months have passed since the post SEPA Deadline: 1st February 2016 – The Countdown Begins. Many of us are busy with other projects, and as a result putting back the SEPA preparation that needs to happen in order to ensure readiness for February 2016. In this post, I am going to make 5 ...

3 Awesome History of Payments Infographics 1

In and amongst all of the hype and talk about the future of payments, I started thinking and wondering about the history of payments! After all, it is often said that to understand the future you need to delve into the past. The following 3 payments infographics outline: The history of money and payments through ...

4 SEPA File Format Checks That Are Being Ignored… 1

Having gone live with various SEPA file formats last year, we’re starting to see some complacency by those involved in SEPA implementations. After all, last year many of us were managing multiple SEPA payments and SEPA direct debit deployments across Europe – so doing one here and there at this time should be easy, right? Well – ...