What’s the current status of Open Banking in the UK?

spike

Open Banking provides an opportunity for merchants to offer a better customer experience at a lower cost. To achieve that, there are a few essentials you need to know about Open Banking vendors.

What’s the status of Open Banking in the UK?

Key takeaways

  • Working with an Open Banking provider that collect funds enables greater capabilities
  • To minimise reconciliation costs, merchants need batch settlement and detailed reporting
  • Choosing a provider that offers instant refunds will improve your customer experience
  • Only a provider with an in-the-flow-of funds collection model can support cross-border transactions

As consumer interest in Open Banking takes off

Read More

why banks must rationalise their card platforms

spike

With leading consultants predicting that as many as a quarter of today’s high-street banks could disappear by 2030, TietoEVRY’s Hans Sjölund advocates using Software as a Service (SaaS) models to modernise payment card platforms and deliver flexible, efficient card services that will improve customer service and enhance competitiveness.

Banks must rationalise card platforms

In our new white paper, we argue that retail banking is undergoing one of the greatest changes seen in its 800-year history.

The shift to digital banking, including biometric security, faster payments and mobile commerce, has led to a huge rise in customer expectations when it comes

Read More

Payments Cards & Mobile Jobs of the Week September 06

spike

As summer draws to a close (sad times), we’ll all start noticing changes. The weather, the kids back to school and so on.

Payments Cards & Mobile Jobs of the Week

These changes may inspire you to make some changes of your own – where your job is concerned of course.

September is notoriously a popular month for people looking for new jobs, and for companies looking for new talent. So now is the time to act if you are looking for an exciting new opportunity…

Business Development, eClerx

This role in the EMEA team is a unique opportunity that

Read More

PayPal allows UK users to buy and sell cryptocurrencies

spike

PayPal has announced that UK users can now buy, hold and sell cryptocurrencies through the payment platform for the first time, the service launched in the US in 2020.

PayPal UK users to buy and sell cryptocurrencies

The firm said it would allow customers to choose from four types of cryptocurrency – bitcoin, ethereum, litecoin and bitcoin cash – and that the service would be available via the PayPal app and its website.

A crypto tab will be added to the platform, showing real-time currency prices as well as offering educational content to help answer common questions and learn more

Read More