People who do not have access to a bank account pay an extra £485 a year for everyday bills and services, research from an account provider suggests.

More than 1.2 million Britons do not have a bank account, so miss out on discounts reserved for those who pay bills by direct debit, said Pockit.

This ramps up the cost of energy bills, broadband and phone contracts, it said.

"For many of us, having a bank account is a basic fact of life," said Pockit boss Virraj Jatania.

Award-winning global payments company, Ixaris, has bolstered its senior team with the hire of a new Chief Legal and Compliance Officer and Commercial Director. The company welcomes Georg von Brevern and Sean Ashton as part of a wider expansion plan, following the company’s continued success and 75% year-on-year growth.

Trace Software International announces the launch of the latest version of the archelios™ suite, the software solution to manage the entirety of a wide range of PV projects such as rooftop photovoltaic installations, large solar power plants, grid-connected PV power or self-consumption systems.

Digital payment solutions provider, MeaWallet, today launches a new payment tokenization solution that delivers Mastercard, Visa and American Express tokenization services through a single connection.

Commerce Bank has promoted Paul Steiner to Corporate Controller and Chief Accounting Officer of Commerce Bancshares effective immediately.

New data released today by Adyen, the payments platform of choice for many of the world’s leading companies, highlights the value of unified commerce to retailers. Its report The Unified Commerce Index analyses data across its global payments platform, which processed €159 billion in transactions in 2018.

Allied Wallet, a globally leading provider of mainstream online payment processing, is now compatible with Nganluong, Momo, and VTC Pay in Vietnam to support its growing e-commerce market, ranked as one of the top ten fastest growing in the world.

Value Walk listed Vietnam as the #6 fastest growing e-commerce market in the world with an annual growth rate of 32%. It’s currently worth €2.3 billion and highly influenced by the incredible e-commerce growth in China.

We are seeing an unprecedented shift in consumer spending habits. One in five global transactions are now ‘digital’, with online commerce growing at over six times the rate of in-store sales. But this rapid growth is introducing new challenges. Fraud is rising, yet merchants are under pressure to deliver the seamless payment experiences that consumers increasingly demand.

Customers give out payment details over the phone even when they aren’t confident or haven’t considered whether the information will be stored safely, new research by Ultracomms has found.