Financial Services

IPSO is the representative industry body for the Irish payments industry and the strategic interface with all payments stakeholders. IPSO engaged Bayberry to prepare the industry’s response to the European Commission’s consultation on the New Legal Framework for Payments.

Dublin, Ireland, 14th March 2011 – Bayberry Consulting, a Dublin-based business strategy and marketing consulting firm today announced the completion of its project to advise on the delivery of a Payments and Reconciliation Solution to the Department of Social Protection. The Department is the largest issuer of payments in Ireland, processing more than 84 million

Two important new EU directives are encouraging new and significant competition in consumer payments. Both the 2nd E-money Directive and Payment Services Directive are lowering the barriers to entry for non-banks such as high street retailers, mobile operators and, in fact, any other organisation that wants to offer payment services. The e-money economy is growing exponentially. According to the European Central Bank, €2.6 Billion of electronic money was in circulation across Europe as of January 2011. This is up from €645m in January 2008. Navigating this regulation and understanding how to leverage its benefits is a challenge for many firms. You need to establish if your business needs to be regulated as an e-money institution or a payments insitution or even both, and establish the benefits to your business model.

Two important new EU directives are encouraging new and significant competition in consumer payments. Both the 2nd E-money Directive and Payment Services Directive are lowering the barriers to entry for non-banks such as high street retailers, mobile operators and, in fact, any other organisation that wants to offer payment services. The e-money economy is growing

We were invited to provide a systems and process review to help this thriving savings and loan institution to prepare for the introduction of electronic funds transfer services

The first of its kind in UK or Ireland – We advised the Association of British Credit Unions Ltd on the business case, design, creation and delivery of a centralised current account service for its member credit unions

Zapa is a leading European provider of contactless payments and loyalty solutions. Bayberry provided Zapa with advice on strategic options for growth, product offerings, risk assessment and banking regulation consultancy

Our client is one of Europe’s largest point of sale payment networks providing Prepaid Mobile top-up, utility bill payments, debt and credit card, and travel payments. We were appointed to provide new insights for their business model and to develop new market opportunities.

Our client is one of the world’s largest merchant acquirers operating across USA, EMEA and Asia. Bayberry was engaged to complete an evaluation of the company’s multi-vendor Point of Sale (PoS) network business. We were asked to examine options for consolidation, growth, and innovation

St. Paul’s Garda Credit Union is one of Ireland’s largest credit unions. Bayberry was appointed to deliver a solution for Electronic banking services and payment cards at St. Paul’s.