7th January 2022 - Credit Connect

Online retailers warned over Strong Customer Authentication deadline

7th January 2022 Consumer Lending | #payments

UK Finance has warned that retailers with an online presence need to ensure they fully support Strong Customer Authentication (SCA) by 14th March 2022 or risk customer purchases being declined. SCA is a new set of rules from the Financial Conduct Authority (FCA) to help protect customers from fraud when they are shopping online. With…

Managing cashflow is key to business survival

7th January 2022 Commercial Collections and Recoveries | #late payment

The Office of the Small Business Commissioner (OSBC) has welcomed the clarity provided by a report from the Federation of Small Businesses (FSB) on payment problems faced by small businesses.The OSBC says that the current economic situation is causing increasingly difficult challenges for small businesses. Many are having to choose between paying their bills, in order…

IE Hub appointed to Crown Commercial Service’s debt resolution framework

7th January 2022 Arrears and Recoveries |

IE Hub has been appointed as a supplier of Crown Commercial Service’s (CCS) Debt Resolution Services (DRS) framework. Designed to bring together a range of debt collection and data services into a single commercial agreement, DRS framework has been built to provide a more consistent and integrated approach to debt resolution. It aims to improve…

Just appointed to Crown Commercial Service’s debt resolution framework

7th January 2022 Company News |

Just, the enforcement market integrator, has been named as a supplier on Crown Commercial Service’s (CCS) Debt Resolution Services (DRS) framework to provide Enforcement Services and Managed Enforcement Services. The framework can be used by central and local government departments to contract services for the enforcement of public sector debt. CCS supports the public sector…

Ecospend initiates £2.4bn of open banking transactions through ‘pay by bank’

7th January 2022 Company News |

Payments specialist Ecospend has announced that it has initiated £2.4 billion worth of open banking transactions through its ‘pay by bank’ services across its client portfolio. Ecospend’s open banking technology allows customers to bypass manual data input when carrying out online payments. As a result, customers can make instant payments directly from their bank account,…

Consumers using BNPL are much more likely to be struggling

7th January 2022 Alternative Consumer Lending | #BNPL

Consumers using Buy Now, Pay Later (BNPL) are much more likely to be struggling according to latest research by debt charity StepChange. In response to the HM Treasury’s consultation on how to regulate BNPL StepChange is pointing to clear evidence that BNPL products are being widely used by people experiencing financial difficulty. For example, consumers…

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