7 benefits of electronic invoicing

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Electronic invoicing is a form of electronic billing and is an invoicing method used by many trading partners, customers, and their suppliers. Traditional invoicing, like any heavily paper-based processing, takes a lot of manual labour and is prone to human error. This results in increased costs and processing lifecycles for companies. In simple terms, electronic […]

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The Brexit effect: what could happen to UK banks?

banks UK and Brexit

As the Brexit deadline draws closer, let’s take a look at the impact it may have on UK banks and financial services. The outcome Even though some are still wounded from the last financial crash 10 years ago, UK banks are being tasked with supporting businesses and consumers whatever the outcome of Brexit may be. […]

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How the implications of PSD2 have disrupted banking

psd2 implications

The implications of PSD2 have been felt across Europe since it launched in 2018. The second iteration of the Payment System Directive followed on from PSD which was implemented back in 2007. Since PSD2 was established, it has completely changed how payment systems in Europe work. One major sector that has felt the impact of […]

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PSD2 explained: What it is and the role it plays

psd2 explained

PSD2 stands for the second Payment Services Directive, designed by the countries of the European Union. It was created to regulate payment services and providers throughout the EU. The directive came into play January 2018, bringing in new laws to improve consumer rights. What is it? PSD2 followed on from the original Payment Services Directive […]

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Open Banking: what it is and what it offers customers

what is open banking

What is open banking? This is a question asked by many. It is a secure way for customers to share personal information. This information enables companies to offer better and faster payment methods.   The goal of open banking is to transfer the ownership of a banks details to the customer. This feature allows customers to know […]

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Who is the FCA and what role do they play in e-money?

FCA image

E-money is a regulated digital currency, governed by the FCA. Find out more about the role they play.  Who is the FCA? The Financial Conduct Authority (FCA) is a financial regulatory body that governs in the United Kingdom. The FCA operates independently of the UK government. The FCA’s aim is to provide services to consumers […]

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What is an e-wallet, how it works, and why you need one

what is an e-wallet

E-wallets are a must have for users completing transactions with electronic money. Find out why.  What is an e-wallet? An e-wallet can be thought of like an electronic card which grants you the ability to make transactions online through a computer, or via a smartphone. E-wallets have the same functionality as a credit/debit card and […]

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Overcoming money laundering risks within e-money

money laundering

Money laundering is a real risk in digital money. How is the e-money industry looking to overcome it?  What is money laundering? Money laundering is the process of washing money into legal currency. There are a variety of reasons why somebody might be laundering money. For one, they might be trying to avoid taxes. Another […]

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