Time for UK Payment Industry Participants to Act now! Part One
Eliot Charles Heilpern
International Relationship Banker, Payments Specialist, and Speaker on Social Affairs and Ethical Behaviours.
Businesses and consumers today are seeking to resolve an ever-increasing range of problems within tight deadlines and limited budgets; and simultaneously serve their customers in a speedy, low-cost and transparent manner. With the ever more complicated regulatory environment, together with the rapid growth in technology and FinTechs, the time has arrived for a more a robust, practical and integrated mindset within the UK Payments Industry, and offer a genuine transparent “joined-up” approach.
The need is for better working practices and a reduction in time, cost, and processing spent on end-to-end payment procedures. Ultimately, participants will need to adopt fresh ideas, utilise new offerings; and as a result, maintain and grow their market presence, and revenue.
How can the current payment providers and the new entrants do this, without still going over the same tried and tested industry solutions? The time has come to finally stop talking and act now!
More to come, so watch this space…….
Eliot Charles Heilpern