LATEST ANALYSIS · WERO
The EPI blinked on Wero’s disputes model
It moved the “when,” not necessarily the “who,” that carries the risk. The merchant milestones are real, July’s concession moved the dates, and the harder compromise is still to be designed.
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27 JUL 2026 · 10 MIN READ
Recent analysis
Every piece verified against primary sources: rulebooks, regulator decisions, scheme documentation.
LATEST INSIGHT
27 JUL 26
10 MIN · 4 SOURCES
06 JUL 26
7 MIN · 5 SOURCES
05 JUL 26
9 MIN · 6 SOURCES
05 JUL 26
6 MIN · 3 SOURCES
The EPI blinked on Wero’s disputes model
The merchant milestones are real, and the disputes model is the sticking point.
27 JUL 2610 MIN · 4 SOURCES
Open banking payments finally have a price. That was the hard part.
Inside UKPI’s cVRP scheme, and the January pricing decision that unlocked it.
06 JUL 267 MIN · 5 SOURCES
Under Wero, a mature payouts capability deepens the moat already there
What happens on the return leg when a scheme cannot reverse a payment.
05 JUL 269 MIN · 6 SOURCES
Wero is the scheme that never touches the money
The EPI keeps the rulebook and the brand, and externalises settlement to SEPA Instant and TIPS.
05 JUL 266 MIN · 3 SOURCES
AN ESSAY ON MONEY · THE LONG TRACE
Money began as a ledger. It is becoming one again.
A 5,500-year history of how value moves, told in eight eras, with an argument that the card era, and not account-to-account, is the anomaly.
ADVISORY
Independent advisory on alternative payments strategy
Consulting engagements, talks and workshops, and board and advisory roles for fintechs, PSPs, schemes and investors.
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PRINCIPAL
Alternative payments architecture, one continuous trace
Lead Enterprise Architect, Alternative Payments, Global Payments (heritage Worldpay). MBA with distinction, Warwick. Based in the UK.
The full CV