Payments and Collections

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
Age verification exceeds expectations with a pass rate of nearly…

Shoreditch was keen to find an efficient and suitable solution to verify that its customers were adults. The new legislation was very clear - it was no longer sufficient for users to simply tick a...

Blog - Dec 2015
One in three people prefer to deal with debt online

People struggling with debt prefer to create their repayment plans online to help manage their borrowing commitments. The latest research from Experian highlights a growing trend for individuals who...

Blog - Dec 2015
What is Fake Invoice Fraud?

Fake invoice fraud occurs when fraudsters submit an invoice, or other request for payment that is not genuine in the hopes that your business will pay...

Blog - Nov 2015
Do you need to check your business customers’ bank account…

In a previous blog I discussed the case for checking the ownership of business bank account details when setting up and paying suppliers. But what if the businesses you are paying are not suppliers...

Blog - Nov 2015
Three reasons why you should check your suppliers’ bank account…

It is now possible to check the ownership of business bank accounts, here are three reasons why you should check the bank account data of your...

Blog - Nov 2015
Our top 5 payments blogs in the last 12 month

Over the past year our Payments blogs have proved to be very popular. And while we now have quite a library of payments blogs these are the 5 that have received the most visits: In at number five is...

Blog - Oct 2015
How FinTechs disrupt retail banking and other financial services
Data analytics helps housing associations

With the shift in housing benefit payments being made to individuals, coupled with recent welfare reforms and the rising cost of living, the risk of missing a rent payment has never been...

Blog - Oct 2015
The Changing Face of Collections

Good collections practices are an opportunity to combine sensible business with compassion – and it’s easier to be compassionate when you’re well...

Blog - Oct 2015
Choose the optimal collections action for each customer

It is essential for businesses to design and deliver collection strategies that find the balance between the needs and preferences of the customer and the needs of the...

Blog - Oct 2015
What are the five types of Card Not Present Transaction?

Often when people think of Card Not Present transactions the focus is on the debit or credit card being in a different physical location from the merchant. This is not the full story, in a card...

Blog - Oct 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