
The Bank of England will extend CHAPS operating hours, introducing a voluntary early‑morning settlement window that begins at 01:30 GMT instead of the current 06:00 start. The change takes effect in September 2027 and is designed to enable earlier sterling settlement, improve liquidity management, and boost operational resilience. It also seeks to better align UK settlement cycles with global financial markets. A further consultation on additional reforms is slated for spring 2026.

The episode explains Certainty of Fate (CoF) – the need for clear, timely confirmation of success or failure for UK account‑to‑account (A2A) payments – and why it’s vital for merchants, consumers and payment providers. It outlines key challenges, including legacy...

The episode commemorates the 20‑year anniversary of mandatory CHIP and PIN in the UK, explaining how the shift from signature to chip‑and‑PIN cards dramatically cut fraud and set a global benchmark for secure payments. It highlights the liability shift that...

The episode examines Midland Bank's 1984 decision to eliminate fees for cheques, statements, and standing orders, effectively making personal banking free in the UK. It explores how this bold move reshaped the competitive landscape, prompting other banks to adopt similar...

The episode examines how U.S. Congressman Wright Patman reshaped banking regulation, turning banks from passive cash conduits into active gatekeepers tasked with monitoring and reporting suspicious activity. It contrasts the pre‑Patman view of banks as mere plumbing with the post‑Patman...

The episode announces Tom Ilube CBE as the new Chair of LINK, the UK’s cash access and ATM network, highlighting his extensive background in technology, finance, education, and philanthropy. Ilube emphasizes the importance of maintaining cash access for millions as...

In his keynote at the Payments Regulation and Innovation Summit, David Geale, MD of the Payment Systems Regulator, outlined how the FCA and PSR are steering the National Payments Vision by focusing on system trust, resilience through choice, and upcoming...

In this episode, host Mike Chambers sits down with Richard Ransom of Bottomline and Mike Hutchinson of The Regular Payments Marketing Company to trace the half‑century history of direct debit, examining current transaction volumes, value trends, and the evolving supply...