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From analogue to digital

The changes in the way we pay for the goods and services that we consume is no different to the digital transformation we are experiencing across all aspects of our life here in the UK.

This Payments:Unpacked podcast explores how we can choose who we pay, when we pay and how we pay in an increasingly less cash, digital society.

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City Payments Trip

In a break from the Payments:Unpacked podcast series here is a walk around the City of London reflecting on my career in payments.  

Recollections may, of course, differ but the City's 'my word is my bond' is a constant throughout.

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Also, make sure you subscribe to the free Payments:Unpacked newsletter at www.payments-unpacked.com

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Unpacking Variable Recurring Payments

In this Payments:Unpacked podcast we are joined by Sean Devaney from CGI - Sean helps us unpack the new Open Banking initiative called Variable Recurring Payments (or VRP's).

Unpack Variable Recurring Payments with Sean as he explains:

- Are VRP's the end of Open Banking?

- What is a VRP?

- What do the banks need to do to introduce VRP's?

- Will VRP's be chargeable?

You'll find the Payments:Unpacked blog on VRPs here: Sweeping possibilities with Variable Recurring Payments

Don't forget to subscribe to the Payments:Unpacked podcast in your favourite podcast app (and it's be great if you could rate us as well!)

Also, make sure you subscribe to the free Payments:Unpacked newsletter at www.payments-unpacked.com

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Unpacking Confirmation of Payee

In this Payments:Unpacked podcast we are joined by Paul Simpson from SurePay - Paul helps us unpack the UK's new Confirmation of Payee (CoP) overlay service.

Unpack Confirmation of Payee with Paul as he explains:

- Why Confirmation of Payee is so important.

- The phased roll out process adopted by the UK.

- Considers a non bank use case study.

- Outlines SurePay's plans for future development of Confirmation of Payee.

- Explains why a 'partial match' and a 'no match' are just important as a 'match'.

For more make sure you visit Sure Pay's website.

Don't forget to subscribe to the Payments:Unpacked podcast in your favourite podcast app (and it's be great if you could rate us as well!)

Also, make sure you subscribe to the free Payments:Unpacked newsletter at www.payments-unpacked.com

Get full access to Payments:Unpacked at northeypoint.substack.com/subscribe

Unpacking card payments

In this Payments:Unpacked podcast we are joined by Ciaran Savage from Card Industry Professionals - Ciaran helps us unpack card payments.

Ciaran explains: 

- What are the noticeable shifts / trends within payments at a SME / SMB level.

- Ciaran's view on what to expect over the next 12 - 18 months in the payments market.

- Why is there now a need and an acceptance for digital payment tools.

- What are the key benefits to business owners adopting digital payment tools.

Don't forget to subscribe to or follow the Payments:Unpacked podcast in your favourite podcast app (and it's be great if you could rate us as well!)

Also, make sure you subscribe to the free Payments:Unpacked newsletter at www.payments-unpacked.com

Get full access to Payments:Unpacked at northeypoint.substack.com/subscribe

ISO 20022: A single standardisation approach (methodology, process, repository) to be used by all financial standards initiatives

In this Payments:Unpacked podcast we are joined by Nancy McCaw from Org - Nancy helps us unpack the ISO 20022 message standard and explains how this global initiative will impact the UK's payment schemes.

Unpack ISO 20022 with Nancy as she explains:

- What is ISO 20022.

- What payments will be affected and when.

- What changes are there in the message format.

- What should organisations be doing now to prepare for the changes.

Don't forget to subscribe to the Payments:Unpacked podcast in your favourite podcast app (and it's be great if you could rate us as well!) 

Also, make sure you subscribe to the free Payments:Unpacked newsletter at www.payments-unpacked.com

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Back in July 2012 the then shadow chancellor Ed Balls said: “You’re more likely to be divorced than to change your bank account.”

Speaking to the BBC’s Andrew Marr, he said: “It’s very difficult to change bank accounts. People do it every 26 years. You’re more likely to be divorced than to change your bank account, and that’s partly because it’s difficult.”

In 2013 this all changed and, the now familiar, Current Account Switching Service was launched….

It was a privilege to be responsible for the ownership and operation of CASS for the first 4.5 years of its operation (about 50% of its current existence) - because finally the process of switching a current account between banks and building societies simple, reliable and stress-free.

In this podcast we explore the latest Current Account Switching Service data released by Pay.UK - covering the service itself and the winning / losing banks.

- Blog: Current Account Switching Accelerates

- Newsletter: Payments:Unpacked

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With analogue (cheque) payments representing just 1.5% of the total Bacs, CHAPS, Faster Payments and Image Clearing System volumes is it the right time to join the Bahamas and decide to donate the humble cheque to that vast imaginary museum - the Museum of Curiosity?

The podcast from Mike Chambers at Northey Point explores:

• A 17th Century Alternative To Cash


• Peak Cheque


• A steady but profound decline


• Just 1.5% market share


• Our payment habits have changed


• The content of our pockets has changed


• The end of the cheque that never was


• It’s not just a British thing


• After a long and illustrious career

After a long and illustrious career let’s send the humble cheque off into retirement and let our payment habits truly reflect the digital society we live in.

Get full access to Payments:Unpacked at northeypoint.substack.com/subscribe

Do you find it difficult to keep up with the UK's changing payments landscape?

Our mission is to unpack the UK's changing payments landscape with the Payments:Unpacked podcast from Mike Chambers at Northey Point.

Use the links below or search "Payments:Unpacked" in Apple Podcasts, Spotify, Anchor or Overcast then listen and subscribe.

- Spotify: https://open.spotify.com/show/2JC8f1K0lkmKoW63JnS5hD

- Apple: https://podcasts.apple.com/gb/podcast/payments-payments-payments/id1526994791

- Anchor: https://anchor.fm/michael-chambers3

Also, why not subscribe to Mike Chambers' free Payments:Unpacked newsletter at: www.payments-unpacked.com/subscribe

Get full access to Payments:Unpacked at northeypoint.substack.com/subscribe