Andrew Hewitt is currently Director of Payment & Data Solutions at FIS and is responsible for creating new payments products and services in EMEA. Most recently this has involved bringing FIS Payments as a Service proposition to market for directly connected members of European payment schemes. Andrew is currently working on FIS NPA product, as well as Open Banking initiatives especially those relating to Variable Recurring Payments.
Andrew brings 20 years’ experience in the cards and payments sector to FIS having previously worked at VocaLink and TSYS. Whilst at VocaLink He was one of the founder members of the mobile payment scheme Zapp (now called Pay by Bank app). Andrew currently sits on the PSR Panel as one of the PSR’s ‘critical friends’, most recently being on the Digital Payments Initiative subgroup.
Where are the industry challenges & pain points in the Payments area? How can these be overcome?
Offering new digital payment alternatives to consumers with the right level of friction and the right level of payment protection. On friction, variability based on use case and consumer configurability are important. On payment protection, striking a balance between cost and use case is key. Consumer choice should also pay a part.
If we could grant you three wishes, what would they be?
– Extending allowed use cases for Open Banking VRP beyond sweeping, alongside a sensible commercial model which is competitive with debit card.
– A New Payments Architecture delivered soon that can compete with card based market infrastructures because of its functional richness and commercial attractiveness.
– Three more wishes.