Tag Archives: payments

U.S. Bank and Sage Announce AP Optimizer to Streamline Invoice Payments

U.S. Bank (NYSE:USB) and Sage (LON:SGE) announced this week at Sage Summit 2016 in Chicago a new partnership that will benefit Sage customers in the U.S. and Canada. The partnership centers around the introduction of AP Optimizer, an application built by U.S. Bank that lives inside the Sage Live accounting platform. Its purpose, according to Bradley Matthews, head of Middle Market ... Read More »

Thousands of car finance payments could be hit by economic downturn, analysts warn

Thousands of drivers would be unable to keep up their car payments in the event of an economic downturn, analysts have warned, prompting concerns about a mis-selling scandal. With nearly 90 per cent of new cars sold using finance deals, the majority of which means the owner effectively leases their vehicle for three or four years instead of buying outright, ... Read More »

Twitter chief’s card payments company Square enters UK market

Business owners will be able to buy a Square reader for £39, and will pay a flat transaction fee of 1.75% for in-person payments. Photograph: Square UK/PA Square, the payments company founded by Twitter chief executive Jack Dorsey, is entering the UK market offering merchants next-day settlement and slashed prices compared to rivals. The company is taking on current market ... Read More »

Powa Technologies payments investigated by administrators

Administrators to Powa Technologies are examining payments the e-commerce firm made to offshore vehicles linked to the father and a friend of the founder of the company before it imploded. It is understood that Deloitte has looked at transactions between Powa, which was set up and led by Dan Wagner, and DBLP Sea Cow, a vehicle linked to Mr Wagner’s father, ... Read More »

Barclays payments glitch leaves scores of housebuyers in limbo

Scores of house buyers due to take the keys on properties were left in limbo today after Barclays suffered its second payment systems crash in six months. The bank has apologised for the glitch after customers reported that they could not make payments, including house purchases. Barclays profits plunge 25% in first quarter It is the second time the bank’s ... Read More »

Accelerate shift to electronic payments for more revenue

Financial inclusion initiatives have resulted in taking the total number of debit cards in circulation to over 620 million. Global studies have shown the cost of cash to be between one per cent and three per cent of a country’s GDP. Given this, we are encouraged by the Government of India and RBI’s collective resolve to move to a cashless ... Read More »