Bill Payment Innovations
Industry insights | Latest news and articles

The world of bill payments is changing
Companies want to leverage digital payment innovations to get paid faster, lower associated costs, expand their customer base and serve under banked customers.
That’s where Request to Pay comes in.
Launched in 2020, Request to Pay (RTP) enables secure payment requests via your existing payment infrastructure. It allows companies to empower their customers to settle and manage their bills flexibly, all in one place.
Here you can find articles on the newest innovations in bill payments, curated to deliver insight that drives business transformation.


Send a Request to Pay with your Cloud Accounting Software
See how to send an invoice over the secure Request to Pay network with cloud accounting software Xero. Learn how Answer Pay's makes bill payments as easy as Request - Answer - Pay!In this demo, Ismail Bhana Head of Engineering at Answer Pay demonstrates how to use...

Latest industry insights from FinTech North Future of Payments 2022
FitTech North is the biggest UK industry event of the year. Read our brief summary of the insights shared by some of the event’s speakers.

How bill payments have transformed since the pandemic
The global pandemic became a watershed moment in the bill payments industry. We examine the knock-on effects that it’s had on the industry.

Where does Request to Pay go from here?
This month, in light of the Future of Bill Payments conference, we’re contemplating what the future of Request to Pay looks like.

Removing customer worry in 2022 with smarter bill payments
The rising costs of living are especially challenging for the financially vulnerable. How can smarter bill payments help us in 2022?

OneBanks Hub teams up with Answer Pay to offer vulnerable customers face to face bill payment services
OneBanks Hub, the shared bank branch innovator, is teaming up with Answer Pay to offer vulnerable customers face to face bill payment services

How to tackle APP fraud
The payment services regulator published a paper seeking feedback on its proposals to combat the rise in APP fraud. Here’s what we think.

Should you build or buy a digital banking platform?
Banks must decide how to embrace the digital platform-based business model. Should you use an established platform, or build your own?

What is an IAN?
IAN or Interactive Advance Notice, a new development from Pay.UK, will improve direct debit by improving the dialogue between biller and payer

European Payments Council SEPA RtP Second Version
With the release of the new version of EPC rulebook, SEPA Request to Pay (RtP) now provides competition to the domestic Pay.UK scheme.
- It’s expected that by 2023, 78% percent of UK adults will use mobile apps for payments and transactions. Global Business Outlook
- In 2020, 45% of Gen Z consumers made a digital or mobile wallet payment. Cybercrew
- Young people (aged 18 to 34) and those making less than $50,000 were the most likely to miss or partially pay one or more bills. McKinsey
- There were 3.5 billion payments made using credit cards, an increase of 7% over the previous year. UKfinance

Analysis

Bill payments are changing
Read our guide to RfP solutions
In a fast-changing payments industry, PSPs want to maximize their share of wallet, offer competitive transaction servicing rates (while maintaining high returns), and win more customers by offering services that billers need to serve today’s ever-changing business and consumer worlds. Above all, they don’t want to be left behind. Learn more…
Your request to pay options
Which Request for Payment solution?
In this article, we examine the rise of the secure request for payment messaging solutions and the options open to banks and Payment Service Providers to use it for themselves. Learn more…Switch on Request to Pay
Discuss your needs with a consultant and discover your ideal payment solution