Regulation

For US issuers, acquirers and merchants, the reality is that EMV is coming. The challenge is to learn from the experience of migrating to EMV in other countries and transition to EMV with the minimum of fuss while maximizing the commercial potential of this new standard

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

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

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.

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

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.

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.