COMMUNITIES

Member-only insight, events and influence

Finance Community

Our industry is in transformation, the cost of handling payments and providing credit is escalating, and profits are under increasing threat.

Through the Finance Community, BRC members can understand these dynamics and maintain pressure on Government to reduce the cost of doing business.


Members

  • Finance Directors
  • Payment Architects
 
  • Senior Commercial Finance Managers
  • Insights/CX/UX specialists
 
       
  • Treasury/Payments/Compliance Managers
 

Goal

 

priority

     
Tackle cost and enhance control in payments and consumer credit; and share robust benchmarks and insight on wider market trends   The Payments System Regulator adopts a regulatory approach to reduce scheme fees

 Delivering for members 

  • Annual saving of around £500 million from the EU Interchange Fee Regulation (IFR) 
  • Raising card scheme fees up the regulatory agenda 
  • Hosting roundtables with key stakeholders on key issues (HM Treasury & the Bank of England on new notes and coins; card issuers, schemes and acquirers on PSD2; Open Banking on the Future of Payments)
  • Ensuring industry readiness members were ready for new notes and coins 
  • Benchmarking of cash and card costs 
  • Shaping future proposals for Mail Order Telephone Order (MOTO) transactions 
  • Quarterly roundtables with the Bank of England on economic conditions
  • Benchmarking and forecasting key industry metrics, including sales, prices, footfall and browsing activity

Community Managers

 

Andrew Cregan //
Retail Payments & Consumer Credit Policy Adviser

 

Rachel Lund//
Head of Retail Insights and Analytics

Andrew previously led public affairs for The UK Cards Association and Financial Fraud Action UK. He spent his early career in the European Parliament working for two MEPs and then as a consultant at a global PR and public affairs firm.

Contact Andrew by email or connect via LinkedIn

 

A macroeconomist by training, Rachel has worked in both government and consultancy, where she specialised in forecasting, scenario analysis and economic impact modelling.

Contact Rachel by email or connect via LinkedIn

 

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