Digital Banking

Direct Debit is having a moment - but don’t call it a comeback

11 Mar 2024

Last week, when guest speaking on a webinar, I was posed with the question, “Direct Debit has been around for a while, but we’re seeing new uptake and new popularity. So, why is it making a comeback now?” Let’s start with this - Direct Debit has been here for years, so I don't call it a comeback. I would argue that Direct Debit has been consistent ...

Open Banking

All I want for Christmas is…an open banking entity that takes us into the next phase

20 Dec 2022

We may be just a few short weeks away from the end of the year, but things are far from slowing down. In fact, this week centres around the latest abbreviations in the open banking world - SWG and JROC. Back in March HM Treasury, Competition and Market Authority, Financial Conduct Authority and Payment Systems Regulator released a statement announc...

The role of open banking in the fight against rising payment fraud

01 Jun 2022

This is an excerpt from Finextra’s report, ‘The Future of Payments 2022: The cutting edge of digital payments’ According to new research by the Merchant Risk Council (MRC), the global cost of payment fraud has increased for a second consecutive year. Mid-sized organisations (those ranging from $5-50million in revenue) have been hit the hardest, wit...