David Birch

David Birch

Dave is Director of Consult Hyperion, the secure electronic transactions consultancy and is an internationally-recognised thought leader in digital identity and digital money. Named in Wired magazine’s global top 15 favourite sources of business information; rated one of the NextBank “Fintech Titans”; voted one of the European “Power 50” people in digital financial services and ranked Europe’s most influential commentator on emerging payments.

The Chinese were first with paper money, now first with paperless

The Chinese were first with paper money, now first with paperless

Written by on October 10, 2017 in Guest Blog with 0 Comments

The Chinese were first with the great transition from commodity money to paper money. They had the necessary technologies (you can’t have paper money without paper and you can’t do it at scale without printing) and, more importantly, they had the bureaucracy. “In 1260, Genghis’ grandson Kublai Khan became Emperor and determined that it was […]

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Payments are not the business of banks, nor are they compatible

Payments are not the business of banks, nor are they compatible

Written by on August 9, 2017 in Guest Blog with 0 Comments

Payments used to be a banking business. Now it is not, and the interests of the banks and the payments industry are no longer wholly coincident. The banks don’t own Visa and MasterCard any more, kids using Venmo neither know nor care whether it is a bank or not and there are plenty of non-bank […]

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Why Worldpay is great and banks are basically rubbish

Why Worldpay is great and banks are basically rubbish

Written by on July 21, 2017 in Guest Blog with 0 Comments

Wow. One of my very favourite companies has always been Worldpay. They have a very special place in my heart because many years ago, when they were first starting out, I was sent up to Cambridge by a client to go and meet them and assess what they were doing. As a junior deputy assistant under-consultant, […]

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We have number portability, why not bank account portability?

We have number portability, why not bank account portability?

Written by on July 4, 2017 in Guest Blog with 0 Comments

Another waste of money is around the corner for the UK banking sector. “Almost 1 million UK bank customers will be forced to have to use new six-digit sort codes… The change has been caused by the Vickers rules, which force banks to ringfence their high street operations from other banking activities.” Almost 1m UK […]

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The security problem with QR codes and the real role of NFC

The security problem with QR codes and the real role of NFC

Written by on June 21, 2017 in Guest Blog with 0 Comments

A decade ago I remember writing that one of the problems with QR codes is that there is no security. Some years later I wrote an article pointing out that NFC ought to be safer than QR codes because NFC included a standard for digitally-signing tags (although I did also note that no-one used it) […]

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With the advent of PSD2 will tech companies go direct to consumer?

With the advent of PSD2 will tech companies go direct to consumer?

Written by on June 9, 2017 in Guest Blog with 0 Comments

A payment scheme isn’t just a data switch that connects consumers, banks, merchants and retailers. If it was, there wouldn’t be any, because we’d all just use the internet instead. There are rules that need to be in place to make a scheme work in the mass market, to protect the participants and to fairly […]

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London, a fintech powerhouse that still needs a cheque book

London, a fintech powerhouse that still needs a cheque book

Written by on May 25, 2017 in Guest Blog with 0 Comments

You can’t say that London isn’t a fintech powerhouse and epicentre of the revolution that is forging a new financial services industry in the white heat of old technology. Wait, what? “The UK is to roll out an image-based cheque clearing system in October that will slash processing times from six ‘weekdays’ to one day” […]

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The cost of payments in Canada and why cash is so expensive

The cost of payments in Canada and why cash is so expensive

Written by on May 18, 2017 in Guest Blog with 0 Comments

As I was in Canada, I thought I might mention that a detailed investigation into the cost of payments at POS just released by the Bank of Canada shows (absolutely as I would have predicted given the scale and dynamics of the Canadian market) that Debit cards are the least costly in terms of total […]

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Cash is disappearing in Europe, one in five don’t carry it

Cash is disappearing in Europe, one in five don’t carry it

Written by on May 10, 2017 in Guest Blog with 0 Comments

Well, this is interesting. On the very day of Consult Hyperion’s 20th (yes, 20th) annual Tomorrow’s Transactions Forum to discuss the future of secure electronic transactions and much besides what should fall through the internet tubes but the fifth annual “ING International Survey Mobile Banking 2017 – Cashless Society“, which surveyed nearly 15,000 people across […]

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In payments, cards vs mobile may not matter if apps are the future

In payments, cards vs mobile may not matter if apps are the future

Written by on May 4, 2017 in Guest Blog with 0 Comments

There’s a lot of consumer frustration over mobile contactless payments, but that may not matter if apps, not contactless, are the future of mobile payments. How are mobile payments getting on in the UK? According to the most recent figures from Transport for London, mobile phones now account for about 8% of their contactless transactions, […]

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