Tag: payments

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PSD2 – what is it and what changes can we expect...

PSD2 is about to shake up banking payments services – what is it and what changes can we expect? New European Union rules governing how payment service providers operate are about to shake up the banking industry thanks to PSD2, but what do the changes actually m...

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What PSD2 is, is largely unknown, yet it could bring s...

The way millions of customers across the UK make payments through digital banking services is about to undergo a significant transformation thanks to a set of new rules about to be rolled out for financial businesses, namely...

Read More What PSD2 is, is largely unknown, yet it could bring significant changes to how payments are made
PSD2 and open banking: what is the impact for your org...

With the recent announcement from the Competition and Markets Authority (CMA) ordering a number of British high street banks to ‘open up’ and adopt the new principles for open banking and the impending implementation of PSD2, banks, including challenger banks, will soon face a new data revolution – cementing...

Read More PSD2 and open banking: what is the impact for your organisation over the next 18 months?
What is credit management and how can your business ha...

Credit management is often a juggling game. You want to be able to make sure that your debtors pay you on time but on the other hand, you don’t want to ruin relationships by continuously chasing them for payment or using the wrong methods to do this. It can...

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SMEs feel strain on working capital during summer mont...

Many businesses thrive on the peak of Summer sales, for others these are the months when business dips due to school holidays and families jetting off to make the most of the sun. The challenge with the decline in revenue is the effect this has on cash flow and...

Read More SMEs feel strain on working capital during summer months
UK freelancers are increasingly struggling with late i...

UK freelancers are increasingly struggling with late invoice payments, with around half admitting they considered quitting freelance life because of the continued struggles and worries over continued late payments, according to a recent study from Ormsby Street. The survey of 1,002 freelancers and sole-traders revealed that 46 per cent...

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Drop in County Court Judgements but what does this mea...

There has been encouraging statistics to show that the number and total value of County Court Judgements (CCJs) issued against businesses in England and Wales fell sharply during the first quarter of 2016. However the specific figures for SMEs within these statistics are still a cause for worry. Not...

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Treat the cause of late payments, not the symptoms...

Late payments is a big problem for many organisations in the UK and its impact on those with fewer than 50 employees are typically twice as likely as large corporates. Many SMEs don’t manage or pay close enough attention to their payments until it’s too late and the payment...

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Advantages of the business owner...

Are you proud, inspired or feel fortunate to own your own business? A survey by AXA PPP Healthcare has revealed 70 per cent of 500 small businesses are. In addition 58 per cent said they appreciated the flexibility that comes with running their own business and 37 per cent said...

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