The Payments Business Daily Update

Over the weekend we heard from Boris who outlined at a very high level his plan for exiting the lockdown.  He stressed (and it’s been reinforced this morning in the media) that at the core is common sense.  So although we can return to work, we should do so safely, we can meet up with family in a park, but we should distance ourselves from each other to stay safe.  This is a deadly virus – don’t let it win!

In the Spanish Flu epidemic, 5million people were killed in the first wave, the second wave killed up to 50 million.

John Doyle, Managing Director, The Payments Business


We welcome the news that Mansion House Consulting, led by Gerard Kenny, has become a partner of The Payments Business.

Mansion House is a leading consultancy in the payments and program management areas.   They have a long tradition of delivering positive outcomes to their Tier 1 clients.  They provide many different services:

MHC’s specialist practices have been built to support our clients’ need for extensive transformation within financial services. Our established practices around Ecosystem Monitoring, Cyber Security, Payments, Delivery Assurance, Technology Infrastructure and Treasury allow us to drive value for our clients from the digital synergies within these practices.

Visit their website and explore how they can help you.  Read this interview with Gerard Kenny, CEO, on what drove him to build the business from scratch with no investors, loans or debt.

Would you like to partner with The Payments Business; if you would like more information please contact Eliot Charles Heilpern who’ll be happy to discuss the benefits of partnership with you.  In the meantime, if you’re not a member of The Payments Business, join us.


“Direct Debit 101, An Anthology” by Don Hollingum, a free download from Northey Point.

With 4.5 billion payments processed each year Direct Debit is the UK’s pre-eminent collection payment method.

For consumers, Direct Debit is the safest and most cost-effective method of paying regular or occasional commitments.

Direct Debit is the simplest way for organisations to collect regular or occasional payments from their customers – both business and consumer.

Direct Debit saves time, reduces the costs of collections and enables cleared funds to be available directly into the bank account of the beneficiary, the collecting organisation.

This short guide covers six aspects of Direct Debit, each article has previously featured on Northey Point’s website

For your free download of “Direct Debit 101, An Anthology” subscribe to the Payments, Payments, Payments newsletter – subscribe now


Latest Payment Headlines

View all these on our on our website; today’s guest contributor is The EBA.

EBA
  • EBA launches updated college collaboration platform
    The European Banking Authority (EBA) launched an updated version of its online collaboration platform enabling the joint work and sharing of information between authorities involved in supervision and resolution of cross-border banking groups. Thanks to its enhanced functionalities, the updated college platform facilitates the operation of the colleges and ensures high security standards.
  • EBA welcomes EU Commission launch of AML/CFT action plan and stands ready to provide support
    The European Banking Authority (EBA) welcomed today the EU Commission’s action plan on anti-money laundering and counter terrorist financing (AML/CFT), and stands ready to support the Commission’s considerations through the consultation, whilst continuing to fulfil its recently strengthened mandate to prevent ML/TF and use new powers to lead, coordinate and monitor the EU financial sector’s […]
  • EBA proposes framework for STS synthetic securitisation
    The European Banking Authority (EBA) published today its proposals for developing a simple, transparent and standardised (STS) framework for synthetic securitisation. This proposal, which is limited to balance-sheet securitisation, includes a list of criteria to be considered when labelling the synthetic securitisation as ‘STS’ and provides the pros and cons of a potential differentiated capital […]
  • EBA publishes updated calculation tool of liquidity coverage ratio
    The European Banking Authority (EBA) published today its updated calculation tool of the liquidity coverage ratio (LCR) with the aim to provide additional support for reporting institutions. This excel-based tool takes into account the amendments in the liquidity coverage requirement introduced by Commission Delegated Regulation (EU) 2018/1620 that applies from 30 April 2020. This tool […]
  • EBA publishes final Guidelines on Credit Risk Mitigation for institutions applying the IRB approach with own estimates of LGDs
    The European Banking Authority (EBA) published today its final Guidelines on credit risk mitigation (CRM) in the context of the advanced internal ratings-based (A-IRB) approach. These Guidelines, which are part of the EBA’s regulatory review of the IRB approach, aim to eliminate the remaining significant differences in approaches in the area of CRM, which are […]

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