More than half of SMEs failed payment transactions are never recovered

9th April 2026 Commercial Credit Management | #business payments

More than half (55.8%) of failed payment transactions among UK SMEs are never recovered, according to new research by Access PaySuite. The survey of 250 UK SME finance and payments decision-makers found that 3.4% of transactions fail on average. Nearly 50% of SMEs experience checkout abandonment, with an average rate of 7.8%. Whilst almost one…

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Criminal sentenced after running smishing scam across messaging platforms

9th April 2026 Consumer Lending | #fraud

A criminal from London has been sentenced at Southwark Crown Court to four years and five months in prison after defrauding customers of potentially up to £500,000 over 19 months. The sentencing follows investigation and arrest by a specialist banking industry-sponsored police unit, the Dedicated Card and Payment Crime Unit (DCPCU). Between October 2022 and…

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Average amount of unpaid invoices owed to SMEs increases by 10%

9th April 2026 Commercial Collections and Recoveries | #late payments#unpaid invoices

Increasing numbers of businesses are seeking protection against bad debt as they navigate tough trading conditions, according to SME funder, Bibby Financial Services (BFS). BFS’s latest SME Confidence Tracker reveals that the average amount SMEs are owed in unpaid invoices is £66,770 – a 10 per cent increase year-on-year – and 30 per cent have…

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