Content written by Jonathan Williams

2015 Payments Trends – Establishing the need for Real Time…

My earlier blog on the top 5 payments trends in 2015 listed the second key trend over the past year as related to real-time payments. It’s worth understanding why and where we are in the process:...

Blog - Dec 2015
2015 Payments Trends – Blockchain moves out of the shadow…

My earlier blog on the top 5 payments trends in 2015 listed blockchain as being a key theme over the past year, here’s a little more...

Blog - Dec 2015
The top five payments trends we’ve seen in 2015

2015 was a busy year in the payments industry with the introduction of new initiatives and concepts. It was a year of new ideas and innovation. We can see the world of payments is changing and...

Blog - Dec 2015
SEPA UK – why multi-level validation of bank account data…

With SEPA coming to the UK for Euro payments we take a look at why it is necessary to validate information at both the IBAN (International Bank Account Number) and BBAN (Basic Bank Account Number)...

Blog - Oct 2015
What is a BIC used for?

In a previous blog we answered the question ‘what is a BIC’ (Business/Bank Identifier Code) but we didn’t delve into the detail about what a BIC is used for. As we saw in the last blog, a BIC...

Blog - Sep 2015
What does Straight-Through-Processing mean to you?

In the payments industry, efficiency is typically measured by assessing the level of Straight-Through-Processing, or STP.  That is, the percentage of transactions that are passed straight through...

Blog - Aug 2015
SEPA UK, the deadlines are approaching – what does this…

For the majority of the Eurozone, domestic SEPA (Single Euro Payments Area) became a reality by August 2014. For those Euro bank accounts not held in the Eurozone, SEPA deadlines are due to be...

Blog - May 2015
What is a BIC?

Most people wonder what a BIC is when they are asked to provide one when making a payment, usually a cross-border payment. However, when you dig a little deeper, the answer to the question: What is a...

Blog - Mar 2015
Direct Debit Guarantee – Where does the responsibility lie?

The Direct Debit Guarantee ensures that consumers can reclaim funds they have paid via the Direct Debit Scheme. Refunds happen when errors have been made either by the service user, for example their...

Blog - Feb 2015
Bacs strengthens Paperless Direct Debit verification requirements

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...

Blog - Jan 2015
SEPA 2015 – 3 predictions for corporates

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...

Blog - Jan 2015
What is SEPA 2.0? Three things it might (or might…

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...

Blog - Dec 2014