Money for Nothing and your Cheques for Free - How banks process payments, from small transactions on your mobile to billion-dollar international transfers

Thursday, 06 January 2011 10:39

Book 1 of the Complete Banker Series


By Chris Skinner

Published: 27 September 2010

210pp paperback

ISBN: 978-1-907720-06-2

Price: £12/EUR14/$19 (plus p&p/VAT as applicable)

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If you think that money is important (and who doesn’t), then so is the ability to process money – in other words, payments. And that’s what this book is all about: from processing payments over the internet and on your mobile telephone; to payments via cards, cash and cheques; to massive international payments operations and the challenges faced by banks in these areas, including the continual vigilance needed to avoid money launderers and terrorists.
The Complete Banker series of books is based upon Chris Skinner’s influential blog.  The series provides the reader with all they need to know about banking and is split into key themes covering retail, commercial and investment banking and the way they are being changed by economics, politics, technology and society. For the amateur and the expert, the knowledgeable and those seeking knowledge, the economist and the politician, the banker and the banked, the Complete Banker series provides you with the truth about the banking.  Not just the truth, the whole truth and nothing but the truth ... but the Complete Truth.



Chapter 1    Payments innovation: the new frontiers
Payments in the cloud (2009)
Innovation in payments (Part 1) (2009)
Innovation in payments (Part 2) (2009)
Payment innovation (Part 3) (2009)
A real-time global pulse (2009)
Fragmented payments in a connected world (2008)
Payments: the next generation (2006)

Chapter 2    Mobile payments: a vision of the future
Mobile payments: the battleground of the future (2009)
Mobile money numbers (2009)
More about mobile money (2009)
First O2-RBS Visa Cards, now Nokia Obopay Money (2009)
Mobile payments in China (2009)
Mobile payment provider 'infuriates' banks (2009)
M-billing: a killer app? (2008)

Chapter 3    The Paypal story
Why PayPal et al REALLY matter! (2010)
Why PayPal et al don’t matter (2010)
PayPal does have competition (2009)
PayPal not so pally (2009)
PayPal’s 10th anniversary (2008)
Celebrating PayPal’s Centenary (2007)
PayPal’s future

Chapter 4    Remittances: where the money’s at
Remittances and the need for financial inclusion (2010)
More on remittances (2010)
Escape with Phones4U (2009)
More on remittances (2009)
A remittance strategy scribble (2009)
Remittances numbers (2009)

Chapter 5    Regulation: from SEPA to PSD, and beyond
What happens to SEPA, Chi-x etc if the euro fails? (2010)
A new PSD-approved Payments Institution starts business (2010)
This house believes that SEPA does matter ... or does it? (2010)
Are you taking the PSD? (2010)
40 days of the PSD (2009)
Full amount principle and charging options
More on the SEPA DD launch (2009)
Today is SEPA day, wa-hey! (2009)
PSD and SEPA research results (2009)
The total view on SEPA and the PSD (2009)
Quantifying people's views on SEPA (2009)
The danger that SEPA may not happen (2009)
SEPA and the PSD aren't broken ... just irrelevant (2009)
So what is the cost benefit of SEPA? (2007)

Chapter 6    Fraud and security matters
Why identity management is so complicated (2010)
Chip & PIN is broken (2010)
Eye, eye – the future of customer identity? (2010)
Forget payments, think value (2009)
We know who you are ... or do we? (2009)
How many cards are left in chip & PIN terminals every day? (2008)
This house believes our authentication and identification methods work (2008)
PINs and passwords: useful or useless? (2008)
Chip and PIN five years from now (2009)


Praise for Chris Skinner

“Chris has both the intellectual acumen as well as the drive and dedication to his industry which is so sadly rare in the business world today.” Steve Edwards MBE, Head of Fraud,  eBay Europe


“Chris is uniquely skilled in articulately painting a clear picture of the dynamics impacting our future.”  Deborah L. Bianucci, President & CEO, BAI, USA


“Chris successfully captures the pulse of the financial services industry, not from a European or American, but from a truly global perspective.” Emmanuel Daniel, Founder, The Asian Banker, Asia


About Chris Skinner

Chris has been providing independent, expert commentary on the key developments in banking for over a decade in his role as Chief Executive of Balatro and Chairman of the Financial Services Club.  He is now perhaps best known for his daily blog at, and his writing for other media, such as The Banker magazine since 2004.  He is also a key commentator on banking for prime time news channels including the BBC, Sky and Bloomberg.  Prior to creating his independent entities, Chris had key roles at management and board levels covering insurance, retail and investment banking across a range of consulting and technology firms.

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