Payments and Collections

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Contactless cards and theft – what’s the problem?...

Earlier this year we discussed a story that fraudsters with scanners can walk down the street and steal card data from contactless cards. This week a variation on this story has reared its head. This time it is claimed that thieves are using point of sale contactless scanners – the type...

Read More Contactless cards and theft – what’s the problem?
2016 Payments Trends – New banking providers get...

The final trend for 2016 is a significant development in the race to provide banking to consumers and small businesses in a new...

Read More 2016 Payments Trends – New banking providers get up and running
Millennials’ work-ethic underpinned by high expe...

The future’s bright in the eyes of Millennials with many willing to work hard, save carefully to get there and a clear idea of what they want out of life....

Read More Millennials’ work-ethic underpinned by high expectations, bold aspirations and increasing earning-power
2016 Payments Trends – Updates to internet security ca...

The fourth item on the list of payments trends for 2016 is not specifically a payments industry issue although it could have a significant impact if not properly...

Read More 2016 Payments Trends – Updates to internet security cause confusion and failures
Cash-savvy millennials out-saving their free-spending ...

New research from our Millennial Me & My Money report, reveals nearly half that (45%) of Millennials (18-34 year olds) manage to save at least a quarter of their disposable income every month - compared to just a third (34%) of their parents' generation (35-55-year-olds)....

Read More Cash-savvy millennials out-saving their free-spending parents
2016 Payments Trends – Electronic push payments ...

The third item on the list of trends for 2016 is the changing means of customer purchases.  The third item on the list of trends for 2016 is the changing means of customer purchases. Over the last few years, debit card transactions have increased significantly, overtaking cash by volume...

Read More 2016 Payments Trends – Electronic push payments start to stem the rise in debit cards
2016 Payments Trends – The customer/bank interfa...

The second item on the list of payments trends for 2016 is around the way that bank clients access payment and banking services. A key topic for a number of regulators is how to increase competition in the provision of bank account services. Some of the issues to be...

Read More 2016 Payments Trends – The customer/bank interface will be opened up
What is days beyond terms and how can you reduce it?...

Days beyond terms (DBT) is a commonly used business credit term that indicates how long a business has taken to pay its invoices beyond the agreed payment terms. Prompt payment of invoices is one of the biggest problems that SMEs face. Just over a half of UK SMEs have...

Read More What is days beyond terms and how can you reduce it?
2016 Payments Trends – Gearing up for PSD2 – str...

As the Second Payment Services Directive (PSD2) starts to get implemented in national laws, customer authentication is going to become a more fundamental aspect of the payments process: it will be needed more frequently and will need to be more robust using multiple factors for re-authentication. As part of...

Read More 2016 Payments Trends – Gearing up for PSD2 – strong authentication and identity management