Transform payment experiences to meet changing customer expectations
In today’s fast-paced digital world, customer expectations are evolving rapidly, especially when it comes to payment experiences. Customers now demand convenience, speed, and security when making transactions, whether it’s online shopping, bill payments, or money transfers. To meet these changing expectations, businesses need to embrace innovative solutions and technologies that enhance the payment process. In […]
The Future of Payments and how OrdoPay is leading the way
As technology continues to advance at an unprecedented pace, the way we make payments is also evolving rapidly. Gone are the days of carrying bulky wallets filled with cash and relying on physical cards to make purchases. The future of payments lies in the realm of digital transactions and cashless payments, revolutionising the way we […]
The JROC Report: A Summary
On 17 April 2023, the so-called Joint Regulatory Oversight Committee (JROC), comprising an alphabet soup of regulators: the Financial Conduct Authority (FCA), the Payment Systems Regulator (PSR), the Competition and Markets Authority (CMA), and HM Treasury (HMT), published its long-awaited report.
Cultivating positive mental well-being as a leader and fostering mental health awareness: Ted Lasso’s and Brené Brown’s lessons on overcoming stigma and embracing vulnerability
Building and leading a company or even a team can be exhilarating, but it can also take a toll on your mental health. As a leader, it’s essential to prioritise self-care and establish strategies for mental health awareness, maintaining positive well-being. In this blog post we’ll explore valuable tips and tricks for leaders, drawing inspiration […]
Unveil the Wealth of Variable Recurring Payments (VRP)
In today’s rapidly evolving digital landscape, variable recurring payments (VRP) have emerged as a powerful tool in the realm of financial services. VRP payments offer flexibility and convenience for both businesses and consumers, allowing for adaptable payment structures and low-cost transactions.
Revving up the automotive industry: how the Open Banking engine drives safer yet faster payments
The automotive industry thrives on innovation, consistently pushing technological boundaries to deliver cutting-edge vehicles. From electric cars to autonomous driving systems, the industry has revolutionised travel. Now, it’s time for the automotive sector to embrace the Open Banking engine for safer, faster payments. Find out why this shift is crucial for the industry’s future.”
Overcoming the 7 deadly sins of eCommerce payments with Open Banking
In the rapidly evolving world of eCommerce, payment solutions play a pivotal role in ensuring a seamless and secure transaction experience for both businesses and consumers. However, the realm of online payments is not without its challenges. The 7 deadly sins of eCommerce payments, including slow processing times, high fees, and lack of security, have […]
Money moves made simple: how Open Banking gives your business payments the edge
Discover the power of Open Banking and gain a competitive edge with our comprehensive guide, ‘Money Moves Made Simple
PropTech sector: unlock faster and safer payment journeys Open Banking
In the rapidly evolving digital landscape, the convergence of technology and real estate has given rise to the PropTech sector. With innovative solutions transforming various aspects of the property market, one area that has seen significant advancements is the payment journey. The integration of Open Banking Payments has revolutionised payment solutions in the PropTech sector, enabling faster, more secure, […]
Why are payroll and Open Banking as a Service a match made for the workplace? Find out how new financial technology can save your business time and money
Open banking will transform the payroll function of your business by providing best of breed and innovative business payment solutions
Ready to transform your business’s income collection cycle? Look no further than Open Banking Payments as a Service!
Transform your business’s income collection cycle with Open Banking Payments as a Service. Simplify payment processing and invoice reconciliation. See how
Payments Services Regulations: Review and Call for Evidence
Open Banking secure payment – better debt collection for energy companies
Open Banking is changing the way the utility company handles debt collection. And if energy companies want to stay on the right side of the regulator and truly do their best by their customers, they’re going to want to adopt Open Banking. By allowing for real-time payment, Open Banking can help streamline the debt collection process and improve the overall […]
Open Banking & VRP – Everything you wanted to know about this secure, instant payment method but were afraid to ask
What is open banking and what does VRP, the latest acronym in the immediate payment ecosystem, mean? Here’s the idiot’s run down to these payment systems that mean instant payment using the UK’s faster payments rails. If there’s anything still unanswered, get in touch with us and we’ll happily answer and include the info in […]
Unlock the door to acres of benefits in your enterprise business payment systems with Open Banking – it’s the new tech replacing business payment solutions
January saw the UK’s property market make a strong start, but the inevitable ups and downs of the property market will be assessed over the coming weeks as we head into Q2. With mortgage approvals decreasing resulting from increased borrowing costs following the mini-Budget, the housing market showed more robust activity since Christmas than was […]
Why credit companies and lending companies need to harness the power of financial technology and use Open banking
Learn about Open Banking and Open Banking as a Service and how this financial innovation is helping credit companies and lending companies excel
How can utilities win back customers’ goodwill, despite the rising electricity bill, and keep the regulators on side? Open Banking payments are the answer
Discover open banking as a service, and how open banking payments solutions can benefit utilities and energy companies and improve customers’ satisfaction
How to retain more of your revenue in these challenging times – Introducing account to account payments meaning instant payment every time
Apparently it’s money that makes the world go around, the world go around, the world go around (presumably via instant money transfer) and it’s funny to be in a rich man’s world. Whilst you may or may not agree that it is money that makes the world go around (whether by instant payment or not), […]
4 top tips for how business can help in a cost of living crisis and the human behaviour driving sweeping changes in Open Banking
Running a business is tough in the UK right now. There are rising costs in managing business coupled with strained customer finances meaning less spending. Should businesses pass their rising costs on and risk customers walking, or absorb those costs whilst wondering how sustainable that is? What is the impact of the cost of living […]
Sweeping – What is the No. 1 Open Banking solution that’s helping businesses today?
Open Banking payments include Variable Recurring Payments – repeated payments eg a smart direct debit or subscriptions. Sweeping payments – payments between accounts in the same name, are live now
VRP – How will your business collect recurring revenue this year?
Open Banking Variable Recurring Payments (VRP) is the new technology available for recurring payments ensuring businesses receive their recurring revenue. Sweeping is the first VRP use case live
How to get low cost payments in insurance, Use Open Banking
For insurers, cost control is crucial. Use Open Banking payment solutions to benefit from low cost payments without compromising service: instant payment and automatic reconciliation standard
JROC Open Banking Payments Critical Actions
Over the last five months the JROC SWG and its secretariat have gathered and documented avery wide range of views about the current challenges and needs of open banking payments fromacross the whole industry. Given that this process has not had as a starting point a universallyaccepted and clear vision and purpose for Open Banking, […]
VRP (Variable Recurring Payments) – The saving grace for the modern age and how to keep your subscription payments model intact despite customers cancelling their Direct Debit payments in droves
The Direct Debit was good for the 1960s, but VRP is the next generation for Subscription Payment and bills. Variable Recurring Payments are crucial for business surviving the recession.