Peter Jones, Chairman, PSE Consulting Over the past 10 years, Europe’s cards business has suffered a tidal wave of regulation. Not only have regulators remodelled the cards operational framework, they have also launched an ambitious vision to redesign the shape of ‘Europe’s payments business through regulatory innovation. But have regulatory product designers made a serious […]
Read MorePeter Jones, Chairman, PSE Consulting Proposition Instant Credit Transfer (ICT) real time payments are becoming a real concern to cards business strategists. Some predict a perfect storm by 2022. By then the second IFR review will have been completed; there are rumours that consumer debit interchange may fall to zero, and credit to 0.1%; commercial […]
Read MorePeter Jones, Chairman, PSE Consulting Proposition With the coming of Instant Payments, many are questioning the capability of the EU cards rails to offer a competing real time service. Current EU acquiring platforms are predominantly dual message, batch based, slow and costly. Today clearing and settlement takes 36 hours for International Card Scheme (ICS) transactions. […]
Read MorePeter Jones, Chairman, PSE Consulting Bio: Peter Jones has over 40 years business and IT experience, four with a major European retailer (C&A Brenninkmeyer), 17 with a UK clearing bank (National Westminster Bank) and 26 as Managing Director and founder of PSE Consulting. He is from a processing and IT background and has led major […]
Read MoreBy Chris Jones, Managing Director, PSE Consulting There has been a flurry of excitement since the publication of the EBA’s draft Regulatory Technical Standards (RTS) on 23rd February 2017. While there is much to consider within its 153 pages, the focus of this blog is on Article 16 and the new Transaction Risk Analysis approach […]
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