How Does Klarna Impact Merchants?
In recent years, Klarna has become a popular payment service provider for online shoppers in the UK due to the variety of payment options they offer customers to make shopping easier and more accessible. While this may seem like a win-win situation for both customers and merchants, it can actually have a significant cost impact […]
5 Ways That Open Banking Makes Taking Payments Safer
Businesses need to be able to provide their customers peace of mind that the payment methods they are using are safe. Fraud is a top concern for many businesses, understandably, as it can be costly to the company and negatively impact their reputation and level of trust with customers. As we discussed in our article […]
Introduction to Online Payments
People are turning to online payments more and more, especially since the pandemic. However, the world of online payments is broad and businesses need to understand the different methods and know which option is best for them and their customers. Here is an introduction to online payments. What are Online Payments? Online payments are the […]
Why Giving People Your Bank Account Details for a Payment is a bad Idea
One of the Trustist team was buying fish and chips one Friday evening recently. Not having cash on him since the COVID pandemic he assumed that the chippy would have a card machine. It didn’t, instead the owner of the chip shop said ‘just do a bank transfer, here are my bank account details’ and […]
Why Was Open Banking Introduced?
Open Banking is one of the biggest changes in the financial world in recent years. Here we discuss why Open Banking was introduced.
6 Ways Open Banking Can Help Your Business Save Time
Open Banking has a range of benefits for organisations. Not only is it a secure method of payment that is easy and flexible for customers to use, but it is also extremely secure. Using open banking APIs (Application Programming Interfaces) creates a high level of data protection and convenience for customers and businesses alike whilst […]
Is Open Banking Safe?
“Is Open Banking Safe?”. This is a common question as the safety of new technologies is paramount. People need to feel safe and secure with new technology, especially when it comes to their money. Whilst Open Banking is becoming an ever-increasingly popular method of payment and managing finances on both a personal and business level, […]
How Will The New Stripe Fees Impact Your Business?
One of the world’s leading online payment processing platforms, Stripe, has recently announced a major update to their fee structure which will come into effect from 10th April 2023. The change, which includes increases to the fees for both card processing and disputes, is set to impact businesses of all sizes across the UK (and […]
What Are The Benefits Of Open Banking For Businesses Of All Sizes
Open Banking is increasingly being used by consumers and businesses alike and this is only going to increase. There are many benefits to using Open Banking when it comes to making and receiving payments and it is not just something that will benefit a certain type or size of business. No matter if you are […]
Is It The End Of Direct Debits?
The increased popularity of Open Banking is making waves in the banking sector and changing the way we make payments. So, is it the end of Direct Debits? The New Payments Architecture The new payments architecture (NPA) is also known as interbank payments and is the new program used between banks in the UK. The […]
