Financial Services

The stage appears to be set for a contactless payments revolution but the challenge for the adoption of NFC in the retail environment, one that’s set to keep the payments industry thinking, is twofold. Firstly, how do you give enough consumers access to contactless payments and, secondly, how quickly and cost effectively can you roll out an acceptance infrastructure to allow them to use it

We look at how changes in the market, alongside the advent of new technology mean the banking industry needs to rethink its model.

We went along to Insomnia Coffee to see Zapa in action demonstrating payments and couponing for loyalty. You can see how it works in this video:

Recent press coverage on changes in the banking system have focussed on the ‘Vickers’ report and splitting retail banking from ‘casino’ banking in order to protect the taxpayer. It would be easy to think this was the main area of change. However there is also huge innovation happening in the supply of banking services with new channels such as mobile banking offering greater convenience for the consumer.

What will all this mean for credit unions? Come along to this workshop on Saturday morning to hear from Paul Kennedy, a partner at Bayberry Consulting. Paul will talk about global and UK trends in the card market, mobile banking and give us all a sense of what banking may look like in the future

In this video we talk to Donal McGuinness, COO of Zapa Technology, about the challenges facing the payments industry in getting NFC adopted by merchants and by consumers and how they’re addressing the problem

Bayberry, an advisory firm specialising in retail banking and growth strategy, today announced that its Visa Prepaid Card project for the Association of British Credit Unions (ABCUL) is now live

The UK Payments Council has abandoned its plans to get rid of cheques by 2018. It’s worth considering what the cheque offers right now as a benchmark for future payments innovation. More progress needs to be made with the development of alternative payments options

The Association of British Credit Unions (ABCUL) has just launched a low-cost prepaid Visa card for credit union members, following work by Bayberry to design and deliver the product

The Association of British Credit Unions appoints Bayberry Consulting as advisor to its Back Office project

The DSP is the largest issuer of payments in Ireland. A key business objective is the reconciliation of some 80+ million transactions each year through 29 banks accounts and 4 cash accounts with An Post