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Payment Workshop

Payment Workshop. Smartran Ltd 18/09/07. Payment Types. Direct Debit (& Standing Order) Credit/Debit Card On line bank payment On line e-payment Bill Payment (chq, cash or card at bank/PO) Cash Collection Retail cash or cheque. Product Purchase/ Retail Payment Cash Cheque

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Payment Workshop

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  1. Payment Workshop Smartran Ltd 18/09/07

  2. Payment Types • Direct Debit (& Standing Order) • Credit/Debit Card • On line bank payment • On line e-payment • Bill Payment (chq, cash or card at bank/PO) • Cash Collection • Retail cash or cheque

  3. Product Purchase/ Retail Payment Cash Cheque Debit/Credit Card Contactless EMV Pre-paid debit card On line e-payment e-purse (eg sQuid) Service Payment Bill payment by cash or cheque Credit/Debit Card Bank payment On Line e-payment Cash Collection Stored Value (eg Oyster, school meals) Cards Replacing Cash

  4. Cards replacing Cash Value High £10 Low Debit/ Credit Contactless EMV Cash Transport Pre-pay Local E-purse sQuid New Payment Method Flexibility High Low

  5. Bill Payment with Cash • Significant minority expected to continue to prefer paying living expenses by cash (cash economy) • Focus is on collection costs & convenience of paying bills with cash (rent, CTax, services charges etc) • Alternative service providers include: • Alliance & Leicester (via PO & Payzone) • AllPay (via PO & Payzone) • Cash Offices (where retained) • Co-op (via PO & PayPoint) • Pay Point direct • Post Office direct • Differentiators are location coverage, cost of cash collection and flexibility of associated card scheme

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