What Is Banking as a Service (BaaS)?
Have you ever wondered what Banking as a Service is (BaaS for short)? Banking as a Service (BaaS) is a business model that allows non-financial companies to provide banking services to their customers through APIs. In other words, BaaS enables businesses that are not traditional banks to offer banking services
10 Of The Biggest Challenges For E-commerce Businesses
The growth of e-commerce has been exponential in recent years, with online shopping becoming increasingly popular worldwide. This was further accelerated by the global pandemic which has meant a decade worth of online buying behaviours rapidly changed. While the benefits of e-commerce can be numerous, there are also a lot
Pay by Bank
One of the newer financial terms used today is Pay by Bank and it’s an alternative payment mechanism that facilitates immediate transfers of funds in a highly secure environment. The Alternative to Credit and Debit Card Use Online Credit cards and debit cards continue to be popular payment options
The Benefits of Buy Now, Pay Later (BNPL)
With more and more retailers relying on their e-commerce sales, it comes as no surprise that financial products to support online retail have pivoted to accommodate buyer needs. Buy Now, Pay Later (BNPL) is one payment method that is proving invaluable to merchants. This interesting payment method allows consumers to
How does Pay by Bank via Open Banking Work?
Pay by Bank via Open Banking is a new payment method responding to today’s digital needs for customers to pay for goods or services online. By using Open Banking, customers don’t need to disclose their banking information – instead, at the checkout stage, they connect to their mobile banking
5 Benefits of BNPL (Buy Now, Pay Later)
If you’re an online retailer and you’re wondering whether you should introduce Buy Now, Pay Later (BNPL) to your checkout page, you may want to read about the benefits. There are so many advantages – particularly for merchants, and there are plenty of benefits for consumers too. In fact,
What are the Benefits of BNPL for online businesses?
Buy Now, Pay Later (or BNPL) is one of the newer forms of payment for goods online. It provides consumers with greater flexibility when paying at an online checkout by allowing them to pay for items in instalments over a period of weeks or months and most providers don’t
Why Offer BNPL To Your Ecommerce Customers?
As an online business, giving customers the best possible experience is likely one of the highest priorities. It’s not just about their journey on an e-commerce website – when they reach the checkout page, customers want to enjoy a fast, safe and secure process. They also like plenty of payment
How Does Buy Now, Pay Later Work?
If you’re unfamiliar with how Buy Now, Pay Later (BNPL) works, then this piece will help you. Buy Now, Pay Later is a relatively new method of obtaining very short-term credit for online purchases. It works by allowing buyers on e-commerce websites to purchase something and pay it off
What Are Variable Recurring Payments?
Variable Recurring Payments (VRPs) allow consumers to connect payment providers with their bank accounts, authorising them to make payments on their behalf. They’re easier to manage, more convenient, and safer than traditional direct debits. What’s more, they’re growing in importance in today’s digital world. What Can
Pay by Bank (Open Banking) Payments Versus Other Payment Methods
How does Pay by Bank compare to other methods of payment (debit/credit cards, bank transfers, etc)? Open Banking Pay by Bank is proving an efficient method of payment for goods and services online. The benefits are extensive for the consumer, but also for the e-commerce merchant. There’s no
What are the Benefits of Open Banking Payments for Businesses?
Today, many UK businesses are adopting Open Banking because the system allows for better financial management as well as improved administration . Here, we’ll explore the benefits of Open Banking for businesses and you’ll find out what this could mean for you.
The Benefits of Open Banking for Consumers
More and more consumers are taking advantage of the many powerful benefits of Open Banking. Financial Services is rapidly growing as a sector which is no surprise - it is one of the largest industries in the world. Billions of people hop online to shop, book services and manage their
Why Is Open Banking Good for Consumers?
Open Banking can be used to facilitate payments that allow online buyers to perform transactions securely, without needing to key in personal information. Not only does it facilitate safer online transactions, but there’s another key aspect of Open Banking that’s proving very effective and efficient. Due to the
Open Banking and Open Finance – What’s the Difference?
Two terms that are easily confused in the world of finance are Open Banking and Open Finance. In this piece, we’ll explore the differences between them. Open Banking has been in existence in the United Kingdom for 6 years, first appearing in 2016 and endorsed by the FCA (Financial
What is Open Banking?
Open banking is a new technology that banks, building societies and other financial institutions use to securely share and exchange consumers' financial data. Open banking can be implemented by a payment service provider into their checkout solution (using an Open API - application programming interface), to allow a merchant to