Recent developments in payments

In the past payments has been seen as a relatively quiet but profitable area for banks. In recent years this has started to change, not just through regulation such SEPA & Faster Paymentsas SEPA and the UKs Faster Payments initiatives, but also competition and innovation such as PayPal and mobile payments to pick out just a few examples. Banks are realising that the trends in payments are for faster, cheaper, increasingly transnational mechanisms that demand increased complexity not just to deliver the payment but also to ensure the appropriate fraud, risk and credit checks are performed. These become almost exponentially more difficult as the time between initiation and irrevocable settlement of the transaction decreases.

At the same time the banks are being asked to provide this increased complexity at a lower price point and cross border. Payments is no longer dull, but without careful management it may also no longer be profitable. Read more of our research material below to find out more:

For more details on our research findings or expertise, contact us More >>

Faster Payments Survey

January 2009 - A new survey carried out by MPI Europe on behalf of industry information site confirms that scheme members have successfully implemented this innovative payment method, yet there is still significant work required to realise the full benefits of Faster Payments, particularly in terms of widespreasd adoption of the scheme, as well as in the development of more effective security measures. More details will be published shortly on this site. In the meantime for more details please contact us.

More to explore

MPIE are actively involved in UK Faster Payments and SEPA. As an example of the diversity of our offerings we have run a number of Faster Payments courses with a partner organisation, giving training to major UK and European banks. We have also worked with partners to set up an industry information web site on Faster Payments which became a reference source for many banks including information on the central infrastructure run by Vocalink. Join our payments group on MPI payments group on LinkedIn to see discussions on the latest topics and keep informed of future updates.

Copyright © MPI Europe Ltd, All Rights Reserved
MPI MD John Cant named in 2017 Thomson Reuters Top Social Influencers in Risk, Compliance and Regtech   More >>
Latest MPI annual MiFID broker commission/unbundling survey report release shows strong market trend   More >>
Video - Highlights of Delivering Projects on Time webinar, modelling decisions and validate with data  More >>
Imagine a miniature financial crime fighter in every router - MPI blog on applying IoT to finCrime  More >>
MPI Europe and Castine Consulting form partnership for MiFID II solution  More >>
MPIs John Cant publishes series of blogs on how to address data issues on financial crime, AML, sanctions and fraud on Finextra   Part 1 >> and Part 2 >>
MPI annual CSA broker commission survey 2015 results announced   More >>
MPI Europe award - Most innovative financial sector consultancy   More >>
MPI analysis and solution for Financial Services Compensation Scheme/ EU Deposit Guarantee Scheme for wholesale banks announced   More >>