Head of business & innovation, Capita Payment Management
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With 17 years’ experience in the payments industry Andrew Davies champions the ‘Anytime, anyone and any place’ approach to payment solutions. Andrew and his team focus on making them quick, easy and available 24/7.
“The face of payments is changing with apps and bank transfers offering a real alternative to cards; schemes that potentially virtualise your debit or credit card and even new digital currencies. But what is around the corner? We are looking at wearable technology, the increasing dominance of smart phones and even realistic biometric authentication. Mix this with the evolution of digital signage and beacons and the opportunities are endless. With the convergence of these technologies, your wallet or purse and even the typical day to day payment interaction as you know it now, could soon be a thing of the past. It is an interesting and exciting time for our industry. The stability and resilience of payment networks is fundamental however, and given that in the UK there are around 7 billion transactions made every year (worth in excess of £75 trillion) security will always be key to ensuring consumer acceptance of new approaches."