Payments and Collections

Loading...
Age verification exceeds expectations with a pass rate...

Shoreditch was keen to find an efficient and suitable solution to verify that its customers were adults. The new legislation was very clear - it was no longer sufficient for users to simply tick a box and say that they were over-18. The business opted to adopt our Prove-ID......

Read More Age verification exceeds expectations with a pass rate of nearly 90 per cent
One in three people prefer to deal with debt online...

People struggling with debt prefer to create their repayment plans online to help manage their borrowing commitments. The latest research from Experian highlights a growing trend for individuals who want to settle their debt without having to talk to anyone they owe money to. This is, in part, to...

Read More One in three people prefer to deal with debt online
What is Fake Invoice Fraud?...

Fake invoice fraud occurs when fraudsters submit an invoice, or other request for payment that is not genuine in the hopes that your business will pay...

Read More What is Fake Invoice Fraud?
Do you need to check your business customers’ bank acc...

In a previous blog I discussed the case for checking the ownership of business bank account details when setting up and paying suppliers. But what if the businesses you are paying are not suppliers but beneficiaries? Who does this affect? There are a number of reasons why you might...

Read More Do you need to check your business customers’ bank account ownership?
Three reasons why you should check your suppliers’ ban...

It is now possible to check the ownership of business bank accounts, here are three reasons why you should check the bank account data of your suppliers: You don’t want to become a victim of invoice fraud Invoice fraud, sometimes called procurement fraud, occurs when a fraudster impersonates a...

Read More Three reasons why you should check your suppliers’ bank account data
Our top 5 payments blogs in the last 12 month...

Over the past year our Payments blogs have proved to be very popular. And while we now have quite a library of payments blogs these are the 5 that have received the most visits: In at number five is “What is a BIC used for?” following on from our...

Read More Our top 5 payments blogs in the last 12 month
Data analytics helps housing associations...

With the shift in housing benefit payments being made to individuals, coupled with recent welfare reforms and the rising cost of living, the risk of missing a rent payment has never been greater. Data analytics can help harness the power of your data to help you predict and safeguard...

Read More Data analytics helps housing associations
The Changing Face of Collections...

Good collections practices are an opportunity to combine sensible business with compassion – and it’s easier to be compassionate when you’re well infor...

Read More The Changing Face of Collections
Choose the optimal collections action for each custome...

It is essential for businesses to design and deliver collection strategies that find the balance between the needs and preferences of the customer and the needs of the...

Read More Choose the optimal collections action for each customer