Optima and PCL form strategic alliance creating Europe’s leading source of cards and payments expertise
Optima today announced a strategic alliance with PCL (Piran Consulting Limited), formalising the long-standing relationship between the two companies built over many years.
The new partnership brings together complimentary areas of expertise in the rapidly moving payments landscape. The combined practice has vast experience with key brands in the payments ecosystem including issuers, acquirers, payment networks, PSPs, retailers and mobile operators.
Download Full News Article PDF | Published: March 2016 | Author: PCL
Over 400 Payment Providers Could Fail to Take Advantage of ''Faster Payments''
New analysis from Piran Consulting Ltd (PCL) finds many payments providers, including challenger banks, may not be able to provide consumers access to new payment methods like Zapp because of a lack of direct access to the Faster Payments network.
The Faster Payments consortium has 10 participants who connect directly to the service, while a further 400 payment providers access the service indirectly by using a sponsor bank. Despite the service planning to open up wider direct and indirect access, PCL’s analysis indicates that non-members may not, or cannot invest, in the significant IT costs and resources to take advantage of direct access.
Download Full News Article PDF | Published: February 2015 | Author: Piran Consulting
Mobile-To-Mobile Business Payments Tanatalising Close But Practical Problems Remain
The rapid adoption of mobile-to-mobile payment systems and platforms (such as Paym and Pingit) means payments providers are looking to harness the same infrastructure to target B2B payments. This market is huge and can be monetized in a way that consumer payments cannot.
In a recent analysis based on our work at the Payments Council we identified 3 practical problems that need to be resolved before widespread launch. Recent history shows that unless the first experience in mobile payments is easy, secure and simple the customer will not try again.
Download Full News Article PDF | Published: February 2015 | Author: Piran Consulting
25% of UK Co-Branded Credit Card Programmes Forecast to Close in the Next 2 Years
Piran Consulting Limited (PCL) have conducted a piece of proprietary analysis into the future of co-branding in the UK. The analysis suggests that due to a number of regulatory changes, and the lower relative value of credit cards to Banks, that up to a quarter of programmes are at risk of closure in the next 2 years.
Banks have traditionally co-invested and funded rewards programmes. In addition they have paid commission to the partners based on the number of cards issued and a percentage of what a customer has spent. Banks can”t, or won”t, be able to support the same amount of investment going forward.
Download Full PDF News Article | Published: January 2015 | Author: Piran Consulting