Credit, Collections & Insolvency News
The average SME online retailer could save an estimated £19,000 by reducing transaction fees associated with popular payment providers such as AMEX, Mastercard and Visa could through the adoption of Open Banking technology, according to research from Yolt. At present, small online retailers in the UK process approximately 217 sales a day – increasing by…
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The Government’s Digital Secretary Nadine Dorries has announced that fraud will be made a priority offence as part of the Online Safety Bill. Digital Secretary Nadine Dorries said” This government said it would legislate to make the UK the safest place in the world to be online while enshrining free speech, and that’s exactly what…
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StepChange Debt Charity and OVO Energy have announced a new partnership that will provide a package of support to the charity worth up to £2 million over the course of 2022 to support people facing financial difficulty. To help provide the immediate resource StepChange needs, OVO will be funding additional frontline services in 2022, worth…
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The TUC has warned that millions of low-income workers face a “perfect storm” this April with universal credit (UC) falling behind the cost of living as energy bills and taxes rise. The warning comes as new TUC analysis reveals that the number of workers on UC has increased by 1.3 million since the eve of…
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More than £4.3 billion of Covid loans that may have to be written-off by The Treasury due to fraud and highlighted by the recent resignation of Lord Agnew, could be eclipsed by businesses failing to repay their CBILs and BBLs Covid support loans according to new analysis by regional accountancy and business advisor, Azets. Azets…
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TruNarrative, a regtech platform in the financial crime and compliance sector and part of LexisNexis Risk Solutions has been appointed by Suffolk Building Society to enhance its financial crime and fraud prevention processes and digitalise its customer onboarding. With TruNarrative’s real-time financial crime decisioning and risk rating, the mutual will significantly improve the efficiency and…
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Skills Minister Alex Burghart MP will open the Trade Body Skills Summit as part of 2022 National Apprenticeship Week. The Minister’s speech will form part of the Credit Services Association’s (CSA) third Learning and Development annual event, which will be free of charge to attend and take place on Zoom from 10am on Thursday 10…
Read moreDebt purchaser, Lantern has received its third consecutive ‘gold’ award from customer experience experts, Investor in Customers (IIC). The ‘gold’ award means Lantern excelled at all four principle themes – understanding customer needs, meeting customer needs, delighting customers and engendering loyalty. The Lantern team took on board feedback from its first IIC assessment in 2018,…
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