When it comes to creating a successful corporate travel payments strategy, staying up to date on emerging trends and streamlining your payments processes are critical.
At the end of June 2023, buried in the GOV.UK website, there was a Memorandum of Understanding (MoU) establishing a framework for financial services regulatory cooperation between the European Union and the United Kingdom. Mark Beresford (Director, London) has investigated what this could mean for the payments and fintech industry on both sides of the English Channel and could this be the start of a gradual reversal of Brexit for the financial services sector?
On the 22nd of June, Edgar, Dunn & Company (EDC) hosted a webinar that explored the potential of Open Banking and non-sweeping or commercial Variable Recurring Payments (VRPs) in the payments industry.
UK Finance has recently reported that Authorised Push Payment (APP) fraud was down in 2022 but it remains a persistent problem. Over £1.2 billion was stolen by criminals through authorised and unauthorised fraud in 2022. Could Open Banking introduce new avenues and potential risks that scammers could exploit and reverse the fall in APP fraud? Mark Beresford (Director, London) has asked the question - could Open Banking be an open door to more authorised fraud?
Elisabetta Nadal (Business Analyst, London) has invested in whether Variable Recurring Payments (VRPs) will be a turning point for Open Banking solutions in the UK. What are VRPs, what is available today, what are the benefits for consumers, and what can we expect in the near future?
European SMEs (Small and Medium-sized Enterprises) have historically been underserved by payment-related actors, often squeezed between consumers and corporates by financial institutions. In this article written by Louis Wapler, Manager in EDC’s Paris office, in collaboration with Gregoire Toussaint, Director and B2B Payments practice lead, they analysed the topic of SME payment cards, focusing on the key aspects such as existing pain points and unmet needs and how card related services SMEs to overcome them.