payments

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
Current account switchers top two million within two years of…

More than two million bank customers have opted to use the seven-day account switching service within the first two years of the service's...

Blog - Sep 2015
Nearly a quarter of SMEs being pushed into financial crisis…

Recent research revealed that half of all invoices owed to small firms are overdue. Nearly a quarter of Britain’s small and medium sized enterprises (SME) are being pushed into a financial crisis...

Blog - Sep 2015
Trading online for SMEs

Online sales in the UK have increased by 16.2 per cent* since 2014, making it one of the top markets in Europe. The internet offers SMEs the largest customer base they could’ve ever imagined with...

Blog - Aug 2015
Dramatic increase in current account fraud

Current account fraud almost doubles due to extensive large scale organised...

Blog - Aug 2015
Experian launch 99 for £99 to help start-ups with late…

A record 50,000 companies are being created each month, with 587,000 being set up in the UK alone in 2014. Although the UK’s population of start-up companies is increasing at the fastest rate,...

Blog - Aug 2015
Is this the Tipping Point for banks?

Right now retail banking has reached a Tipping Point as more money than ever before is being invested into financial technology ventures. Analysis shows that challenger banks are currently seeing...

Blog - Jul 2015
New industry body will highlight the cost of fraud in…

The government’s fraud cost estimate set to be revived. UK’s only indicator on the total cost of fraud to be launched this...

Blog - Jul 2015
Current accounts become number one fraud target

Current account fraud has now surpassed mortgage application fraud, which until now had been the biggest target - 83 out of every 10,000...

Blog - Jul 2015
Plug into our interactive fraud data

There's a world of information available at your fingertips. Simply click on the links for a first-hand...

Blog - Jun 2015
Why safeguarding against a data breach is worth every penny

Despite dramatic rises in the number of data breaches, most businesses think they are protected but as it turns out many are not, with one in three (34%) without even a data breach response plan in...

Blog - Jun 2015
Heat maps highlight fraud hotspots

Our maps highlight the national picture of third-party fraud and the unrelenting impact ID theft has on consumers from all parts of Britain....

Blog - Jun 2015