Industry News

SEPA Instant Credit Transfer
SEPA Instant Credit Transfer Scheme – What You Need To Know
Starting in November 2017, the Single Euro Payments Area (SEPA) Instant Credit Transfer scheme – SCT Inst – will allow businesses and consumers to make instant transactions of up to 15,000 euros in real time to any bank account within the EU. Transactions are guaranteed to be completed within ten seconds. The scheme came about […]
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Brazilian flag
Visa ‘Ring’ the Payment Changes at the Rio Olympics
As a forward-thinking payment service provider we love keeping a close eye on the FinTech space to see what’s around the corner. In recent years, contactless technologies – including radio-frequency identification (RFID) and near-field communication (NFC) – have revolutionised point-of-sale payments, and it seems safe to assume that we haven’t seen the end of innovation […]
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Changes to payment culture
How Payment Culture Will Change Over the Next Decade
Technology has progressed rapidly over the past decade, changing both the ways in which we interact socially, and how we conduct our financial transactions. Far more payments are made online, via debit and credit cards, or via non-traditional payment services such as PayPal, while it’s becoming more and more unusual to pay for something by […]
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New record for direct debit
INFOGRAPHIC: BACS Smashes Daily Record for Payments Processed
Bacs Payment Schemes Limited (Bacs), formerly known as Bankers’ Automated Clearing Services, was founded in 1968 to facilitate and maintain the integrity of the clearing and settlement of UK automated payment methods – Direct Debit and Bacs Direct Credit. Since then, Bacs has processed more than 110 billion transactions. As a Bacs-approved bureau, we were […]
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The future of SEPA post-Brexit
Where Does SEPA Stand After Britain’s Vote to Brexit?
Back in March, we wrote about some of the potential consequences for payment processing and financial services if Britain were to vote to leave the EU in the June referendum. Now that we know how the country voted – if not necessarily what will happen next in terms of parliament actually implementing the decision – […]
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