New TransUnion Study Finds Smooth Digital Transactions “Essential to Business Survival” During and After Pandemic
- 3 years 6 months ago
- Covid-19, Transaction Banking, Security
A new global and UK study by the Economist Intelligence Unit for information and insights provider TransUnion has overwhelmingly found the key to whether or not companies go out of business hinges on providing consumers friction-right digital transactions. More than eight out of 10 executives, both in the UK and globally said they believe smooth transactions are “essential to business survival” rather than merely a competitive edge.
India Embraces Digital P2P Money Transfers During Pandemic, Fuelling 1M New Users on Paysend
- 3 years 6 months ago
- Covid-19, Money Transfers
Following coronavirus outbreak, Paysend facilitated more than double the volume and value of payments to Indian bank accounts.
TransferWise Waives Fees on $20 Million of Donations and Launches Covid-19 Vaccine Donation Platform
- 3 years 6 months ago
- Covid-19
Covid-19 remains one of the biggest global health issues we’ve seen in our lifetimes, and finding a vaccine is a cause that people all over the world want to support. But, when it comes to donations to international organisations, most banks and payment providers don’t exchange money using the mid-market rate (the rate you find on Reuters, and Google).
Bottomline Enables StepChange Debt Charity in the Launch of New Coronavirus Payment Plan
Bottomline (NASDAQ: EPAY), a leading provider of financial technology that makes complex business payments simple, smart and secure, today commented on the launch of the Coronavirus Payment Plan, a debt management program offered by StepChange Debt Charity, and created in consultation with the UK Government.
Chargebacks911 Provides Expert Mitigation Advice to Merchants Amidst a Storm of COVID-19 Chargebacks
- 3 years 6 months ago
- Covid-19, Management
Chargeback dispute management specialist, Chargebacks911, has today announced the launch of its latest ebook, “50 Insider Tips for Preventing Chargebacks”, which provides merchants with actionable steps to prevent chargebacks filed against their businesses.
PayDelay: Pandemic Signals the End of the Payday Splurge, With Money-conscious Brits Now Buying Big at the End of Each Month
Openpay, the UK’s latest next-generation, interest-free payment solution, has found that due to the pandemic, Brits now shun the payday treat - with nearly half (46%) now waiting until the end of the month to treat themselves after assessing finances. Almost two fifths (38%) said that the pandemic had permanently changed their outlook on spending.
SEON and Sun Finance to Explore How Consumer Risk Changed During the Pandemic in Emerging Markets
- 3 years 6 months ago
- Covid-19, Lending, Risk Management
SEON, the fraud fighters, is pleased to announce it has teamed up with Sun Finance, the fastest growing online lender in Europe, working with unbanked and underbanked customers, to explore the changes to consumer risk and how the digital lending industry has been forced to adapt during the pandemic.
NatWest and ITV Search for UK’s ‘Extraordinary’ SMEs in New Competition
- 3 years 6 months ago
- Covid-19, E-Commerce
NatWest and ITV have today announced the launch of a new competition where three of the UK’s brightest small businesses will win their own TV advert worth £150,000, produced by acclaimed London-based advertising agency Pablo, with guaranteed, tailored airtime on ITV and through NatWest’s owned channels.
COVID-19 Driving an Acceleration in Adoption of Identity Verification
- 3 years 6 months ago
- Covid-19, Digital Identity
Businesses in the UK and U.S. have been ramping up their identity verification processes in order to protect customers during the COVID-19 pandemic.
COVID-19 Has Forced More Than Three-quarters of Banks to Change Their Future Banking Strategy
Marqeta, the global modern card issuing platform, today released a report that examines how banks intend to change their strategies in response to the COVID-19 pandemic. According to the findings, COVID-19 has had a significant impact on almost all (96%) European banks, with over three-quarters (78%) planning to change their future banking strategy to adapt to changes in consumer behaviour, such as the accelerated adoption of digital banking... more
Pandemic Accelerates Digital Transformation in the UK According to Latest Study from Dell Technologies
- 3 years 6 months ago
- Covid-19
Dell Technologies’ third biennial Digital Transformation Index details how organisations are accelerating digital transformation projects amidst unprecedented uncertainty; 4,300 business leaders in 18 countries weigh in Story Highlights · Digital transformation seen as critical business driver for recovery
Cashfree Payments Set to Drive Small Business Recovery – Tyl by NatWest Reveals
Over a quarter, (27%)* of British SMEs have reported that all payments made to their business are already contactless as the UK adjusts to the rapid increase in e-commerce and online transactions, accelerated by the pandemic. When, if ever, do you think that all payments made to your business will be contactless? All payments to my business are already contactless
iwoca CEO: A Fully-Charged Fintech Sector Can Drive SME Growth After BBLS Closes
The CEO of iwoca, one of Europe’s largest business lenders, has outlined the need for the fintech industry to be strengthened so it can support the growth of small and micro-businesses after the Bounce Back Loan scheme closes at the end of the year.
Financial Institutions Are Set for a Once in a Generation Change
- 3 years 6 months ago
- Covid-19
The primary role of a traditional bank providing financing and capital is set to be challenged further in a post COVID-19 world by non-banks, according PwC’s report, “Securing your tomorrow, today – The future of financial services,” which predicts that alternative providers of capital are set to become an even more important part of the global financial system.
Frost & Sullivan Identifies Five Factors For Company's Growth After Pandemic
- 3 years 6 months ago
- Covid-19
Frost & Sullivan’s recent analysis, The Reshaping of Industries Caused by COVID-19, encompasses nine key trends that will emerge from industries reshaping as a response to COVID-19. With the pandemic’s negative impact on the global economy, immediate action is critical. Technology leaders must assess the emerging opportunities resulting from COVID-19 and provide technological innovations to build company, society, and consumer resilience.
