Paym Terms and Conditions
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Core Terms PRIVATE CLIENT
Core Terms PRIVATE CLIENT 234028395.indd 1 5/7/2021 4:44:30 PM Core Terms PRIVATE CLIENT Overview 1.4 If you do not have Sufficient Funds for a payment, ThesePrivate Client Core Terms form part of the we may treat a payment instruction as a request for Private Client Agreement between you (the client) an Unarranged Overdraft. and us (Coutts & Co). 1.5 If we allow the Unarranged Overdraft, you must: The following documents also form part of the Private Client Agreement: • repay the overdrawn amount on demand. • The Important Information booklet, which we • pay interest on the overdrawn amount at our have given you. Unarranged Borrowing Rate. • Our Private Client Banking Tariff (the Tariff) and 1.6 Our Unarranged Borrowing Rate, as detailed in the Interest Rates Notice, which we have given to you. Tariff, is set over the Coutts & Co Base Rate which • Each Application for an account, product or service. tracks the Bank of England Base Rate. We will • Any terms specific to an account, product or service. notify you of changes to the Coutts & Co Base Rate The Private Client Agreement Agreement( ) applies to by advertising the change after it comes into effect accounts, products and related services that we provide to you. in three national daily newspapers and on our If there is any conflict between any account, product or website coutts.com, or by telephone. We will also service specific terms and these Core Terms, the relevant display a notice of the change in our offices and account, product or service specific terms apply. -
Bank of Scotland Bank Account Switching to Us 1/4520768-6
Current Accounts Switching to us Switching your account The Current Account Switch Service makes switching your bank account easy. The Current Account Switch Guarantee means that we will: Take care of closing your old account for you. Transfer your balance from your old to your new account. Move any payments coming in, or going out of your old account to your new one. Switch to the new account on a date of your choice. Take ownership of your switch and getting this right. If you would like to switch a joint bank account, both customers need to allow us to do this. To find out more visit bankofscotland.co.uk/switch If your old account includes an overdraft you can switch this using the Current Account Switch Service. Speak to us before starting your switch, we will be able to advise if you’re eligible for an overdraft, depending on our lending criteria and your credit status. How the switch happens The switch begins. We request payment details from Days your old bank, once received your switch can start. Until 1-2 the switch date you can still use your existing account in the normal way. We set up your new account and move the payment Days arrangements across. For example direct debits and 3-5 your salary. We contact your old bank to transfer over your balance. Day If you have a debit balance on your old account you 6 need to make sure you have sufficient funds available on your new account to pay the balance off. Day Your switch is complete. -
Mckinsey on Payments
Volume 8, Number 21 May 2015 McKinsey on Payments Foreword 1 Gauging the disruptive potential of digital wallets 3 While they have established a solid foundation for growth, digital wallets are by no means a guaranteed success. They must continue to evolve if they are to have a truly disruptive impact on the payments landscape. Providers can improve their chances by focusing on six “markers” for success in payments innovation. New partnership models in transaction banking 11 A number of trends are leading to a fundamental rethinking of the traditional model by which banks offer transaction banking services to clients outside their established markets. Four distinct partnership models offer the best opportunities for banks seeking to succeed in an evolving landscape. Toward an Internet of Value: An interview with Chris Larsen, 19 CEO of Ripple Labs McKinsey on Payments sits down with the co-founder of Ripple Labs to discuss the nuts and bolts of the Ripple protocol, the implications for the correspondent banking model, and the emergence of an “Internet of Value.” Faster payments: Building a business, not just an infrastructure 23 A faster payments infrastructure is not an end in itself, it is an opportunity for banks to deliver innovative products and services in both consumer and corporate payments. To monetize this opportunity, financial institutions should focus relentlessly on design, customer experience, accessibility and convenience. Faster payments: Building a business, not just an infrastructure 23 Faster payments: Building a business, not just an infrastructure To date, most discussions about building a “faster payments” system have focused primarily on speed and “plumbing.” Even more important, however, are the innovative products and services that an enhanced infrastructure will allow financial institutions to bring to market. -
Quilter International Ireland Banking Details
Quilter International Ireland banking details This document was last updated in September 2021. Please confirm with your financial adviser that this is the most up-to-date document for your product or servicing needs. Please enclose a copy of receipt of your electronic payment with the application or use Quilter International Ireland’s Bank Instruction Letter. Your financial adviser will be able to provide you with a Quilter International Ireland Bank Instruction Letter. Banking details Sterling payments From UK banks (CHAPS* payments) From non-UK banks (SWIFT** payments) Sort Code: 56-00-68 Swift code: NWBKGB2147K Bank: National Westminster Bank, Sort code: 56-00-68 High Street, Southampton Bank: National Westminster Bank, Beneficiary: Quilter International Ireland dac High Street, Southampton Account number: 37519611 Beneficiary: Quilter International Ireland dac IBAN code: GB59NWBK56006837519611 Other currency payments (swift payments) Payments should be made to Quilter International Ireland dac’s accounts held with National Westminster Bank, London. Swift code**: NWBKGB2LXXX Bank: National Westminster Bank, 2 1/2 Devonshire Square, London, EC2M 4XB Beneficiary: Quilter International Ireland dac IBAN***: (select as applicable, see below) 1. US dollar IBAN – GB36NWBK60730140501418 7. New Zealand dollar IBAN – GB26NWBK60730167576141 2. Euro IBAN – GB26NWBK60720240501469 8. Norwegian krone IBAN – GB18NWBK60730166004012 3. Australian dollar IBAN – GB24NWBK60730166004195 9. Singapore dollar IBAN – GB53NWBK60730167598838 4. Canadian dollar IBAN – GB80NWBK60730167521916 10. Swedish krona IBAN – GB48NWBK60730140501493 5. Danish krone IBAN – GB43NWBK60730166004047 11. Swiss franc IBAN – GB74NWBK60730166004071 6. Japanese yen IBAN – GB87NWBK60730166004128 12. Hong Kong dollar IBAN – GB21NWBK60730166004152 *** CHAPS is an electronic bank-to-bank same day value payment made in the UK in pound sterling (£). *** SWIFT is an acronym for Society for Worldwide Interbank Financial Telecommunications. -
Report and Recommendations ERPB WG on P2P Mobile Payments.Docx 1/23 ERPB WG on P2P Mobile Payments
ERPB P2P MP 017-15 Version 1.0 (Final) 10 June 2015 Euro Retail Payments Board (ERPB) Report and Recommendations from the ERPB Working Group on Person-to-Person Mobile Payments ERPB Meeting 29 June 2015 ERPB P2P MP 017-15 v1.0 Report and Recommendations ERPB WG on P2P Mobile Payments.docx 1/23 ERPB WG on P2P Mobile Payments Contents 1. Executive summary and recommendations ..................................................................................... 3 2. Background ...................................................................................................................................... 5 2.1. Survey on P2P mobile payment solutions and issues or barriers preventing the development of pan-European solutions ................................................................................................................ 6 2.2. Existing or planned P2P mobile payment solutions ...................................................................... 6 2.3. Barriers that may prevent the development of pan-European solutions ....................................... 7 3. The vision ......................................................................................................................................... 8 4. The main conditions for the realisation of the vision ........................................................................ 8 4.1. Main conditions that need to be addressed in the cooperative space .......................................... 9 4.1.1. Governance ...................................................................................................................... -
Technical Report RHUL–ISG–2018–3 3 April 2018
Apple Pay: How different is it from other Pay solutions, what role does tokenisation play, and to what degree can Card not Present payment benefit from Apple Pay in future Marcel Fehr Technical Report RHUL–ISG–2018–3 3 April 2018 Information Security Group Royal Holloway University of London Egham, Surrey, TW20 0EX United Kingdom MARCEL FEHR Student Number: 130263579 Apple Pay: How different is it from other ‘Pay’ solutions, what role does tokenisation play, and to what degree can Card not Present payment benefit from Apple Pay in future Royal Holloway University of London Information Security Group Egham, Surrey, TW20 0EX United Kingdom Supervisor: Professor Kostas Markantonakis Submitted as part of the requirements for the award of the MSc in Information Security at Royal Holloway, University of London. I declare that this assignment is all my own work and that I have acknowledged all quotations from published or unpublished work of other people. I also declare that I have read the statements on plagiarism in Section 1 of the Regulations Governing Examination and Assessment Offences, and in accordance with these regulations I submit this project report as my own work. Signature: Date: Acknowledgements Acknowledgements Thanks to my partner Doris and her incredible patience, the University of London and all the people involved providing the lectures and those working in the background make the distance learning programme happen. It was and still is a great experience to be part of the distance learning program. i Abstract Abstract We are living in a world where smartphones follow us at every turn. -
How Mpos Helps Food Trucks Keep up with Modern Customers
FEBRUARY 2019 How mPOS Helps Food Trucks Keep Up With Modern Customers How mPOS solutions Fiserv to acquire First Data How mPOS helps drive food truck supermarkets compete (News and Trends) vendors’ businesses (Deep Dive) 7 (Feature Story) 11 16 mPOS Tracker™ © 2019 PYMNTS.com All Rights Reserved TABLEOFCONTENTS 03 07 11 What’s Inside Feature Story News and Trends Customers demand smooth cross- Nhon Ma, co-founder and co-owner The latest mPOS industry headlines channel experiences, providers of Belgian waffle company Zinneken’s, push mPOS solutions in cash-scarce and Frank Sacchetti, CEO of Frosty Ice societies and First Data will be Cream, discuss the mPOS features that acquired power their food truck operations 16 23 181 Deep Dive Scorecard About Faced with fierce eTailer competition, The results are in. See the top Information on PYMNTS.com supermarkets are turning to customer- scorers and a provider directory and Mobeewave facing scan-and-go-apps or equipping featuring 314 players in the space, employees with handheld devices to including four additions. make purchasing more convenient and win new business ACKNOWLEDGMENT The mPOS Tracker™ was done in collaboration with Mobeewave, and PYMNTS is grateful for the company’s support and insight. PYMNTS.com retains full editorial control over the findings presented, as well as the methodology and data analysis. mPOS Tracker™ © 2019 PYMNTS.com All Rights Reserved February 2019 | 2 WHAT’S INSIDE Whether in store or online, catering to modern consumers means providing them with a unified retail experience. Consumers want to smoothly transition from online shopping to browsing a physical retail store, and 56 percent say they would be more likely to patronize a store that offered them a shared cart across channels. -
Security of Mobile Payments and Digital Wallets
Security of Mobile Payments and Digital Wallets DECEMBER 2016 www.enisa.europa.eu European Union Agency For Network and Information Security Security of Mobile Payments and Digital Wallets December 2016 About ENISA The European Union Agency for Network and Information Security (ENISA) is a centre of network and information security expertise for the EU, its member states, the private sector and Europe’s citizens. ENISA works with these groups to develop advice and recommendations on good practice in information security. It assists EU member states in implementing relevant EU legislation and works to improve the resilience of Europe’s critical information infrastructure and networks. ENISA seeks to enhance existing expertise in EU member states by supporting the development of cross-border communities committed to improving network and information security throughout the EU. More information about ENISA and its work can be found at www.enisa.europa.eu. Contact For queries in relation to this paper, please use [email protected] For media enquires about this paper, please use [email protected]. Acknowledgements Romana Sachovà, Fraud Prevention Manager, CaixaBank Soralys Mario Maawad Marcos, Fraud Prevention Director, CaixaBank Hernandez Revetti, Security Consultant, GMV Legal notice Notice must be taken that this publication represents the views and interpretations of ENISA, unless stated otherwise. This publication should not be construed to be a legal action of ENISA or the ENISA bodies unless adopted pursuant to the Regulation (EU) No 526/2013. This publication does not necessarily represent state-of the-art and ENISA may update it from time to time. Third-party sources are quoted as appropriate. -
Account to Account Payments for Consumers
Account to Account Payments for Consumers Real-time coming to a merchant near you? December 2019 Lance Blockley, Managing Director David Ojerholm, Director Mitchell Hu, Senior Consultant 0 Account to Account Payments - Not new For many years, transfers between domestic bank accounts via Direct Entry, ACH or the equivalent have been the cheapest form of electronic payment, at a significantly lower price point for example than card-based payments. - Just slow These systems operated on a batch system and the batches were exchanged and settled infrequently – often once a day overnight, sometimes at several times during the working day, and seldom (if ever) on weekends and public holidays. Even if there are intra-day settlements on these payments, there is no guarantee that the recipient’s bank will post the funds to their account in real time or even on the same day. Hence these payments have been suitable for non-urgent payments, such as utility bills, school fees, programmed loan repayments, etc, but not for consumers buying something at the local store. - Yet still becoming more popular Nonetheless, the low price point of these payments has seen more businesses adopting them as a way to get paid by consumers. With the growth of consumers using online and mobile banking, now somewhat ubiquitous in, for example, Australia, more and more small businesses have been adding their BSB and Account Number to their invoices (and often surcharging card payments to promote the use of the account-to-account bank transfer). But this really only works for smaller businesses, due to the need to manually reconcile payments received into their bank account with the receivables sitting in their accounting systems (although some semi-automatic work-arounds have been developed), and the information coming along with the payment is limited, usually relying on the consumer having entered the correct invoice number. -
Something Old, Something
CASH & LIQUIDITY MANAGEMENT he UK’s payments landscape is product at Barclays. “This has a major impact their offerings with Paym. “We’ve been making evolving rapidly – but this evolution is on corporations, since many of their payments it easy for our customers who already use the Ttaking place in a number of directions are either business-to-consumer or consumer- Pingit app to link into the Paym infrastructure,” and across a number of different payment to-business payments.” comments Martin. “We see this as very instruments. While mobile technology is The topic of mobile payments is in itself a important; albeit Paym is seen very much in driving many of the most exciting innovations diverse area that covers everything from SMS the person-to-person space. To really drive in payments, other factors, such as regulatory payments to mobile point-of-sale offerings adoption, we believe that customers need to change and the rise of faster clearing, are also that allow customers to purchase goods in be able to use mobile payment methods in contributing to a dynamic and fast-changing person using their smartphones. a multitude of scenarios in order to facilitate market. Meanwhile, paper cheques are set “Mobile payments in Europe have been their daily lives.” to be overhauled through the proposed available for some years now and in various Developments are ongoing. Van der Poel introduction of cheque imaging. forms: text message, mobile app/browser, says that Zapp, which is due to be launched Where treasurers are concerned, efficiency, card near field communication, phone near later this year, has a role to play in helping costs and standardisation continue to be the field communication and, more recently, ‘pay merchants to encourage more Paym automated most pressing goals in the payments space. -
Payment Aspects of Financial Inclusion in the Fintech Era
Committee on Payments and Market Infrastructures World Bank Group Payment aspects of financial inclusion in the fintech era April 2020 This publication is available on the BIS website (www.bis.org). © Bank for International Settlements 2020. All rights reserved. Brief excerpts may be reproduced or translated provided the source is stated. ISBN 978-92-9259-345-2 (print) ISBN 978-92-9259-346-9 (online) Table of contents Foreword .................................................................................................................................................................... 1 Executive summary ................................................................................................................................................. 2 1. Introduction ....................................................................................................................................................... 4 2. Fintech developments of relevance to the payment aspects of financial inclusion ............. 6 2.1 New technologies ................................................................................................................................. 7 2.1.1 Application programming interfaces ......................................................................... 7 2.1.2 Big data analytics ............................................................................................................... 8 2.1.3 Biometric technologies ................................................................................................... -
HSBC Business Paym 3
HSBC Business Paym Terms and Conditions HB02608_PAYM T Cs.indd 1 23/10/2014 09:21 Contents Page . Summary of the Terms and Conditions 3 Terms and Conditions 4 1. Glossary 4 2. Registering to receive payments 4 using HSBC Business Paym 3. Abnormal and unforeseen circumstances 5 4. Suspension 5 5. Deregistration 5 6. Amending Paym Registration details 6 7. Changes 6 8. Miscellaneous 6 9. Your statutory rights 6 10. Governing law and language 6 About HSBC 8 2 HB02608_PAYM T Cs.indd 2 23/10/2014 09:21 Summary of the Terms and Conditions This summary sets out key details about HSBC Business Paym and makes it clear that you may only receive payments (not make them) using this service. The summary forms part of the HSBC Business Paym Terms and Conditions (Terms). You should read it carefully together with the rest of the Terms. Features of HSBC Business Paym HSBC Business Paym enables your customers or other third parties to send money to any of your eligible HSBC business bank accounts by simply using a mobile phone number that has been registered against it. See below for full details about registering accounts. You and we agree that HSBC Business Paym will be provided to you on these Terms and will include the Business Internet Banking (“BIB”) Primary User being empowered to act on your behalf in carrying out the actions as described in these Terms. Your BIB Primary User can register any mobile phone number in the UK, the Channel Islands or the Isle of Man to enable you to receive payments into an eligible HSBC business bank account using HSBC Business Paym.