Welcome to issue 85 of Payments:Unpacked, get to grips with the UK’s retail payments landscape with former Bacs CEO, Mike Chambers - exclusive payment insights, hot topic briefings and fundamentals unpacked.
Today, I am pleased to announce that I have been appointed as Answer Pay's Chairman….
Fintech company Answer Pay has made two strategic board appointments to support its growth plans.
Mike Chambers joins the company as chairman and Finbarr Joy as a non-executive director. Mike is a highly experienced board director with a wealth of experience in the payments industry. He was previously chief executive of Bacs and is also an ambassador for the Emerging Payments Association.
Finbarr Joy is an experienced chief technology officer (CTO) with senior roles at BT, William Hill, Lebara, and Superbet, among others.
We’re very excited to welcome Mike and Finbarr to Answer Pay. As Request to Pay gains momentum, we want to enhance our skills and experience to support Answer Pay’s continued growth. Both Mike and Finbarr are passionate about fintech and have managed services at significant scale; their support will be vital in the next phase of our development.
Peter Cornforth, Commercial Director at Answer Pay
Answer Pay connects payment services providers to Request to Pay services through a simple integration. In a series of firsts, Answer Pay launched the first certified Repository in June and performed the first live transactions in September.
I am delighted to become the Chair of Answer Pay at this exciting time for the UK’s new Request to Pay messaging service. Answer Pay is the UK’s first certified Request to Pay Repository and performed the first live Request to Pay transactions utilising their platform that empowers businesses and people through mutually beneficial, connected payments. I am looking forward to playing my part in ensuring that Answer Pays platform leverages the network effect of an interconnected payment ecosystem.
Mike Chambers, Chairman at Answer Pay
Request to Pay is the UK’s bill payment standard, reducing cost and improving cash flow for businesses whilst empowering consumers. Complimentary to existing payment methods, payment service providers and banks are adopting Request to Pay to differentiate their services and increase payment volumes.