Payments and Collections

We really won’t wait!

Posted on Jan 28 2015 by

A recent survey by Interparcel.com1 was reported in the Telegraph on 27th Jan (click here), this showed just how impatient the UK public are – we’re really not willing to wait for anything! 

Bacs strengthens Paperless Direct Debit verification requirements

Posted on Jan 08 2015 by

In December 2014 Bacs issued the latest version of rules for the UK Direct Debit scheme. This update has re-iterated the requirements for originators to verify both the identity and bank account data of payers when using paperless Direct Debits. In terms of the depth and breadth of verification required the key phrase is: “Prior […]

SEPA 2015 – 3 predictions for corporates

Posted on Jan 07 2015 by

This time last year adoption rates for SEPA, particularly for direct debits were still woefully low and an extension to the end dates was about to be announced. A year on and the end dates are firmly behind us and despite the late scramble, adoption seems to have been largely achieved.  For corporates, many who […]

Rental data: Expanding financial access and inclusion

Posted on Dec 15 2014 by

Despite new technologies and widespread innovation in financial services, there are still a lot of people who are ‘underserved’. Lenders and society alike could be missing out on a huge opportunity if this population continues to be overlooked.

What is SEPA 2.0? Three things it might (or might not) be

Posted on Dec 10 2014 by

I’m not entirely sure we all agreed on what SEPA 1.0 was, but now talk has turned to SEPA 2.0. From the recent e-mails I’ve received and articles I’ve read there are several different angles as to what constitutes SEPA 2.0.

Personal insolvencies fall to pre-recession levels but who is still vulnerable?

Posted on Dec 10 2014 by

New figures published by Experian, illustrating where and for whom UK personal insolvencies are most prevalent, reveal the number of people being declared insolvent has fallen to pre-recession levels, with some towns showing markedly improved rates compared to the same period last year. Despite these findings, the figures also highlight the vulnerability facing young families.

5 key take-aways from the 2014 Credit Risk Summit

Posted on Nov 28 2014 by

At the 2014 Credit Risk Summit, leading thinkers tackled the challenge of staying relevant to customers in the digital era. View our key take-aways report…

It’s not just account number checking – 3 extra benefits of bank account validation

Posted on Nov 27 2014 by

Bank account validation is not is not just account number checking. This week our experts take a look into 3 extra benefits our customers are getting from bank account validation.

3 things to be learned from the UK as Faster Payments go global

Posted on Nov 17 2014 by

In the UK the Faster Payments system has been up and running for 6 years. We’ve become used to sending and receiving money, if not quite in real-time then much faster than previously; in an increasingly rushed and hectic world the ability to send money quickly and easily offers convenience to consumers and businesses alike. 

Back office legacy challenges facing new banking entrants

Posted on Nov 14 2014 by

Setting up a bank in the UK is costly, time-consuming, heavily regulated and not easy.  As a result, the dynamic, start-up culture that drives innovation in many other sectors is less prevalent within banking and financial services. My article outlines some of the key challenges facing new banking entrants. You may also be interested in: […]