Open Banking and Payments APPG

1: face-to-face banking services and free access to cash. The Government recognise that banking and ways of - Speech Link
2: agree that the increasing lack of face-to-face banking services, particularly in rural areas, not only - Speech Link
3: go down to 20% by 2026. As I say, the way that banking is carried out is changing. However, we recognise - Speech Link
4: of the framework agreement with post offices on banking services is that 99% of personal financial services - Speech Link
5: such as capping payday loans—those egregious payments. The Financial Conduct Authority has looked at - Speech Link
6: review of and consultation on cash and digital payments in the new economy. That is precisely the type - Speech Link

1: misalignment of incentives between individual banking institutions seeking to shed their costly physical - Speech Link
2: ensure more free cash machines supported by the banking system, which I hope the Treasury will take on - Speech Link
3: wholesale cash infrastructure, to make digital payments an option for everyone and to ensure joined-up - Speech Link
4: digital options; they are scared of using phone banking, and sometimes do not have the mobile signal that - Speech Link

1: House has considered fraudulent accounts and the banking sector.It is an absolute pleasure to serve - Speech Link
2: fraud across payment cards, remote banking and cheques to banking customers and share- holders was more - Speech Link

1: place a duty on major high street banks to provide banking services in post offices; to make associated provision - Speech Link

1: see the dilution of ATMs? A filling station might open with an accompanying shop and ATM, but the ATMs - Speech Link
2: would leave one in 10 people struggling to make payments, and would shut many consumers out of local shops - Speech Link
3: past six months? Moving to contactless payments or online banking is not an option available to them. - Speech Link
4: ban ATM charges and protect access to cash, the Banking (Cash Machine Charges and Financial Inclusion) - Speech Link
5: protecting access to cash and reducing charges, the Banking (Cash Machine Charges and Financial Inclusion) - Speech Link
6: Fillans, who was told to “nip to Perth” to do her banking. That is a journey of 50-plus miles that would - Speech Link

1: direct debits et cetera—are cheaper than cash payments. I am afraid that this assertion is wrong. Non-cash - Speech Link
2: progress. That system works far better than leaving it open for someone to pounce on a vulnerable person, who - Speech Link
3: retailers become more comfortable with contactless payments. I am not decrying the advantages, relating to - Speech Link
4: the doors are closed.So how do you break open the doors and bring about a change in somebody’s - Speech Link
5: just concluded a consultation on cash and digital payments in the new economy. Perhaps the Minister can tell - Speech Link
6: a position of extreme disadvantage when making payments. The advantages of direct debit, of not having - Speech Link

1: Many of my comments calling for banks to remain open are therefore very much inclined towards the time - Speech Link
2: to financial services and advice, alongside the banking services that he described, is particularly important - Speech Link
3: people. It is a lifeline. It is fair to say that banking habits have changed and the Loanhead branch, like - Speech Link

1: certain accounts and prevent continued access to banking for known illegal migrants. The 2016 Act also delegated - Speech Link
2: accruing savings and not for day-to-day transactional banking, but which may provide some of the functionality - Speech Link
3: held in those accounts. Information about regular payments into accounts above a threshold of £200 has been - Speech Link

1: supposedly there to compensate the victims, to minimise payments and perpetuate the cover-up. Incredibly, our system—our - Speech Link
2: whose business went under through the Lloyds Banking Group. He has mentioned public bodies, including - Speech Link
3: I do agree. The sector is so far away from the banking sector that we need that fundamental reform is - Speech Link
4: building of several houses. He maintained his payments and fulfilled the terms and conditions of the - Speech Link
5: all the terms and conditions and maintained his payments, yet he has no recourse. I take the point about - Speech Link
6: Sally Masterton, a senior risk officer at Lloyds Banking Group, on the instructions of her line manager - Speech Link
7: but it chose not to. Why it chose not to is an open question.The basic assumption of this review - Speech Link

1: has already delivered on initiatives such as the banking protocol, which prevented £38 million falling into - Speech Link
2: be introduced later this year for larger payments and payments where the banks think that there is a risk - Speech Link
3: it seems that it is too easy, in some cases, to open a bank account. That account is then emptied instantly - Speech Link