The Faster Payment Scheme Ltd, which operates the same-day payments clearing scheme in the UK among the country’s top banks covering phone, internet and standing orders, has a new managing director in Craig Tillotson.
Tillotson has worked for the last twenty five years as a board director and strategy consultant in the telecoms and technology industries with Vodafone, T-Mobile and McKinsey & Company. He joins the UK FPS in the newly created position of managing director from a position as associate director in management consultancy AT Kearney’s Communications, Media and Technology practice.
While at Vodafone, Tillotson was product management director responsible for creating and launching the Vodafone Live mobile internet service and the Mobile Connect Card, a precursor to the Mobile Broadband service available today. As strategy director at T-Mobile UK he oversaw the establishment of the Virgin Mobile Virtual Network Operation, the world’s first significant MVNO agreement, as well as the 3G spectrum auction in 2000.
He is a graduate in Computer Science from St Catharine’s College Cambridge, is married, and lives in Buckinghamshire. Regarding his appointment, Craig Tillotson, said: “I am delighted to have been appointed as Managing Director of Faster Payments Scheme Limited at a time when the scheme is gaining real traction with consumers. I am really looking forward to addressing the key strategic choices the scheme faces in the rapidly evolving payments landscape, particularly in the mobile space.”
By Neil Ainger