Jul 03, 2019
Bacs, the Direct Debit system operator, has recently communicated to all service users to reiterate the rules surrounding advance notice. What is the advance notice? In Direct Debit terminology, the advance notice is the personalised communication to…
Technological innovation coupled with a surge in online shopping is changing the payments sector, exposing banks to fresh competition and consumers to greater security threats. In 2017 alone, unauthorised financial fraud amounted to a huge £732 million. This has prompted…
The UK payment industry’s leap towards a world-leading payment architecture and the introduction of initiatives such as Open Banking have had a boost, thanks to the favourable feedback received in response to the introduction of ISO 20022 compliant messaging. The…
Nov 20, 2018
Pay.UK, the leading retail payments authority, formerly known as the NPSO , has published a prospectus outlining its search and requirements for a strategic partner to work with to deliver the New Payments Architecture (NPA). The prospectus outlines…
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