Direct Debit Best Practice – 5 Tips for Better Cash Flow
If you’re using Direct Debit to collect payments, membership fees, charitable donations or any other contributions, you’ll no doubt be aware of the cash flow benefits of this ever-popular payment method.
Direct Debit gives you the power of knowing exactly when and how you’re getting paid, helping you to plan and forecast cash flow for your organisation.
A Quick Overview of the Innovation in UK Payments
Bacs, Direct Debit, Faster Payments, Chaps and Cheques
In the UK today, we use various payments and collections systems to pay for goods and services incurred. As times change, and consumer and business needs evolve, payment systems once well suited to their function require innovation to ensure they continue to meet user requirements for years to come.
To meet the requirements of twenty-first century consumers and businesses, The Payments Strategy Forum has launched a new strategy aimed at overhauling the UK’s payment systems, with a target date set for 2020.
Over the last twelve months we have witnessed many ebbs and flows, a few unexpected events and several twists in the tale.
Even if you ignore Brexit and Trump (we can all try) and the aftermath that followed, 2016 was a mixed bag for the banking, payments and financial services ecosystem. A year we are certainly not going to forget in a hurry.
Nevertheless, we’ve all made it through safe and sound, and here at AccessPay we are certainly feeling positive about what 2017 has in store.
Christmas is almost upon us, but it’s not always a time of festive cheer between businesses and their customers – especially when it comes down to paying bills.