Payments and Collections

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Rental data: Expanding financial access and inclusion...

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 ove...

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

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....

Read More What is SEPA 2.0? Three things it might (or might not) be
Personal insolvencies fall to pre-recession levels but...

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...

Read More Personal insolvencies fall to pre-recession levels but who is still vulnerable?
5 key take-aways from the 2014 Credit Risk Summit...

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...

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It’s not just account number checking – 3 extra benefi...

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...

Read More It’s not just account number checking – 3 extra benefits of bank account validation
3 things to be learned from the UK as Faster Payments ...

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...

Read More 3 things to be learned from the UK as Faster Payments go global
Back office legacy challenges facing new banking entra...

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....

Read More Back office legacy challenges facing new banking entrants
3 occasions when validating bank account data isn’t en...

When I joined Experian almost four years ago I remembered struggling to understand the difference between bank account data validation and verification  – weren’t they both checking that bank account numbers were correct? You may be interested in: I now realise there are important differences and good reasons to...

Read More 3 occasions when validating bank account data isn’t enough
7 day account switching – from both sides of the fence...

I recently decided to take a well-known bank up on their offer of a current account with an attractive set of perks – and so I began the much publicised 7 day account switching journey. As someone with a little knowledge of the payments industry I studied the process...

Read More 7 day account switching – from both sides of the fence