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Posts Tagged ‘UK’

We just assembled a group of UK retail bankers for a discussion on The Future of the Bank Account. Against the backdrop of the month-old implementation of the directive that bank switching be seamlessly completed in seven days , banks were keen to understand the implications of changing consumer needs and behaviors, evolving regulations, and […]

Oct 19th, 2013 | Filed under Banking, Corporate Banking

Wednesday saw the Government announce  ) its plans to overhaul UK payments. Regular readers of the Celent blog will know I’ve commented on this several times – here, here, and here. In short, the Government asked the industry, in a poorly formulated consultation, whether it wanted to be regulated or not; unsurprisingly, the industry said […]

Oct 11th, 2013 | Filed under Banking, Corporate Banking, Retail Banking

Yesterday Barclaycard launched a new service in the UK called Bespoke Offers. The website will feature a range of deals from some of the UK’s largest retailers, including Tesco, British Airways, Virgin and Starbucks. Participating merchants will be able to target offers to consumers, who will be able to select the offers they like via the […]

May 10th, 2013 | Filed under Banking, Retail Banking

We are all familiar with the power of a good headline – it grabs our attention and compels us to read the rest of the story. In the world of printed newspapers, front-page headlines are there to sell papers. And it seems that ability to write a witty headline is a pre-requisite to getting a job at any […]

Jan 17th, 2013 | Filed under Banking, Retail Banking

Another day, another interesting development in the mobile payments space. It was announced today that the European Commission “unconditionally approved” “Project Oscar”, a joint initiative between the leading UK telco operators to bring mobile payments to the UK. Earlier this year, the EC decided to investigate the venture’s plans citing competitive concerns. It’s clearly a […]

Sep 5th, 2012 | Filed under Banking, Retail Banking

In the last few months the UK mobile payments scene has really come alive. Assuming I have the right combination of phone/ card/ MNO/ etc., as a consumer today I can already sign up to and start using: Quick Tap, an NFC payments solution from Barclaycard and Orange PayTag, a contactless sticker from Barclays PingIt, […]

May 4th, 2012 | Filed under Banking, Retail Banking

There were two interesting announcements this week heralding the dawn of the bank account-based P2P payment era in the UK. The first announcement came from Barclays about the launch of a Pingit service, which allows consumers to send and receive money using mobile phone numbers. Five days later, the UK Payments Council announced that it […]

Feb 23rd, 2012 | Filed under Banking, Retail Banking
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