Does PSD2 have to be complicated?

Does PSD2 have to be complicated?

Does PSD2 have to be complicated? There has been a huge amount written about PSD2 recently and much of it appears to be, with the greatest respect, over complicating the issue. Very fundamentally, to provide for all of the requirements of PSD2, we have three...
What will replace the card schemes?

What will replace the card schemes?

What will replace the card schemes? There has been much talk recently about how card payments will replace cash altogether in the future. I have talked previously about my opinion that the card schemes (Visa, MasterCard, Amex etc) are past their sell-by date and we...
A new payments network…

A new payments network…

A new payments network…for a brave new world As mentioned in my previous blog there is much that is wrong with the existing payment networks, but it is always easy to criticise what others have done and rather more difficult to provide a solution to a problem. Let’s...
We need new payment networks…

We need new payment networks…

We need new payment networks…but we’re looking in the wrong places “The current payment networks available to the financial institutions around the world are no longer fit for purpose.” I think that this is a statement that has been generally agreed by all those...
PCI is not the answer…

PCI is not the answer…

PCI is not the answer… In the early 2000s when the internet was still young, Visa, MasterCard and the other major payment card schemes had a choice. They could create a system that made using credit/debit cards on the internet safe, or they could rely on the...