Pay by Bank Kiosks
Secure, Real-Time Bank Payments from Kiosks - No Cards, Instant Settlement for Businesses
Lloyds and Lolly Launch Pay by Bank Self-Service Kiosks
Lloyds Bank has partnered with hospitality technology firm Lolly to introduce a new Pay by Bank system for self-service kiosks. The solution enables customers to make secure, real-time bank-to-bank payments directly from kiosks—eliminating the need for card transactions and ensuring instant settlement for businesses.
At checkout, customers simply select Pay by Bank, scan a QR code, and complete the transaction through their mobile banking app. According to Lolly, this approach not only speeds up payments but also reduces processing fees for merchants.
Mark Prayel, Product and Platform Embedded Payments at Lloyds, said:
“We’ve had a lot of fun trialling Pay by Bank in our own head office cafeteria with colleagues, and we’re looking forward to seeing how this innovation evolves across the wider hospitality and retail space.”
The initiative marks a significant step in expanding frictionless, digital-first payment options across the UK’s hospitality and retail sectors.
Snapshot: Australian Payment Fraud
In 2024, the total value of card fraud on Australian-issued cards increased by 20 per cent to $913 million, driven by an increase in overseas CNP fraud.
Australian Payments Network
According to the 2025 Australian Payment Fraud Report, the total value of card fraud on Australian-issued cards increased by 20 per cent to $913 million in 2024, driven by an increase in overseas card-not-present (CNP) fraud.
Overall, there was a 12 per cent year-on-year increase in the overall payment card fraud rate, from 70.2 cents per $1,000 spent in 2023 to 78.8 cents in 2024, also driven by the increase in overseas CNP fraud.
Overseas CNP fraud increased by 25 per cent to $454 million in 2024 and occurred at a rate of $12.08 for every $1,000 spent. This rate of growth was well above the 15 per cent increase in spending overseas in the same period.
In contrast, domestic CNP fraud increased by 11 per cent to $362 million, but this rate was slower than the 21 per cent increase in domestic card spending. The domestic CNP fraud rate declined to a record low of 97 cents per $1,000 spent in 2024.
While only 3 per cent of the total card spend last year involved Australian cards used overseas, overseas CNP fraud accounted for 50 per cent of all card fraud and occurred at a rate more than 12 times that for the domestic equivalent.
Interbank Payment Schemes
Source: Pay.UK
Three key stats:
Bacs Direct Credit volumes have reduced by 4% YoY - organic migration to Faster Payments continues apace.
Faster Payment volumes have increased by 10% YoY - are we seeing a pre A2A and VRP scale up plateau in growth?
Cheque volumes have decreased by 16% YoY - just 85 million cheques are used in the UK every year!
Point Of View: Realising the benefits from regulatory reform
Justin Jacobs, Chief Policy and Engagement Officer at Pay.UK has published a Point of View on realising the benefits from regulatory reform - here’s a summary of Justin’s viewpoint:
Pay.UK supports the Government’s decision to abolish the Payment Systems Regulator (PSR) and transfer its responsibilities to the Financial Conduct Authority (FCA), recognising the need to simplify the UK’s complex regulatory landscape. While the PSR’s objectives—to promote competition, innovation, and consumer interests—remain important, the current system places unnecessary burdens on firms that must engage with multiple regulators. However, Pay.UK questions whether simply transferring the PSR’s powers to the FCA will deliver genuine improvements, arguing that meaningful reform must go beyond structural change to achieve tangible benefits for businesses, consumers, and the wider economy.
To maximise the success of this transition, Pay.UK believes that the new FCA regime must be underpinned by strong regulatory principles that are outcomes-based, proportionate, transparent, and future-proof. Regulation should focus on clear results, minimise prescriptiveness to encourage innovation, and ensure coordination between regulators to avoid duplication. Pay.UK calls for the FCA to clearly set out how it will apply these principles to payment systems regulation and to report annually on progress. Embedding these principles in practice, rather than merely replicating existing frameworks, will be crucial to achieving a streamlined, accountable, and innovation-friendly regulatory environment.
One year on: Impact of APP reimbursement on victims
Marking the first anniversary of the Authorised Push Payment (APP) reimbursement requirement, the Payment Systems Regulator (PSR) has shared its latest reimbursement data and key findings from its APP fraud survey.
Latest figures from the PSR dashboard show that in the first nine months following the introduction of the reimbursement policy:
£112 million was reimbursed to victims
97% of claims were resolved in 35 days and 84% of claims were resolved within five business days
Claim volumes are down – this shows that firms are stepping up and stopping fraud in response to the requirements
Next Monday Payments:Unpacked TV will feature Claire Simpson from the Payment Systems Regulator sharing her views on the performance of the APP fraud reimbursement provisions over the first 12 months.
For this weeks new subscribers…..
Why Every Business Needs a Payments Champion
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Switches, Scams, Summits
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