Which? The consumer champion has claimed that banks are failing to protect their customers and are “leaving customers wide open to spoofing fraud”. Their investigation found that high street banks representing over 60% of the UK consumer banking market had not taken...
How can Request to Pay fix poverty premiums? An Expert Panel Discussion Featuring Answer Pay As defined by Fair By Design, “poverty premiums” are the extra costs people on low incomes and in poverty, pay for essential products and services. In this...
Let me start by saying how much we welcome the Payment Systems Regulator’s (PSR) invitation for responses on their proposals to tackle Authorised Push Payment (APP) Fraud. Answer Pay has been fighting for more action against fraud and to that end released our own...
As the cost of living crisis increasingly bites many businesses are struggling to collect payments from their customers. Subscription numbers are declining and consumers are cancelling direct debits in favour of alternative payment methods that give them more...
Instagram launches payment service In case you missed it, Meta CEO Mark Zuckerberg recently announced a new “payments in chat” feature for Instagram. According to Techcrunch this means: “..users can purchase products from small businesses and track orders via direct...
Latest industry insights from FinTech North Future of Payments 2022 7 July 2022 } 5 min read Chloe Mumford On the 22nd of June, Answer Pay attended the FinTech North Future of Payments 2022, an event which provided insight into what’s hot in the world of payments. The...
How bill payments have transformed since the pandemic 17 June 2022 } 5 min read Ian Tomlin COVID-19 became a watershed moment in the bill payments industry, more by happenstance than design. In this article, we consider how the knock-on effects of a global pandemic on...
Where does Request to Pay go from here? 16 June 2022 } 6 min read Ian Tomlin Request to Pay (RtP) is the new messaging interoperability protocol being adopted across the UK to simplify bill payments. It’s been around for a couple of years now but—as this month the UK...
Answer Pay makes two key appointments to support the rapid Request to Pay growth opportunity in Europe 21st April 2022—Payments as a service provider, Answer Pay, has made two key appointments to bolster its plans to support the growth of Request to Pay across Europe....
Answer Pay tackles the growing bill payment crisis in Europe with SEPA Request to Pay LEEDS, UK—Answer Pay, a payment as a service provider, is connecting to EBA CLEARING’s R2P messaging system to offer SEPA Request to Pay bill payment services that aims to help with...
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