Facebook launches UK mobile payments tool via Messenger app
The new feature will permit UK Messenger app users to transfer cash up to the value of £2,500 with a message, emoji or giff. more»
Money transfer
Number of UK firms using cryptocurrencies expected to double in 2018
A fifth of UK business owners will be using cryptocurrencies such as bitcoin to process payments in 2018, new research has suggested. more»
Bank cheque clearing will take just one day under all-new system
Under the new image-based system, average cheque clearing time will fall from “six weekdays” to “next weekday” according to The Cheque and Credit Clearing Company (C&CCC). more»
Is small export growth limited by traditional banks?
The grip of traditional banks on international payments has meant that for each cross-border transaction worth £1,000, small business owners overpay £55 on average. more»
Banks failing to meet foreign exchange needs of small firms
The foreign exchange needs of UK micro businesses are not being met by banks, with firms experiencing poor service, hidden costs and a lack of appropriate products when using banks’ currency transfer services. Research conducted by foreign exchange company World First amongst 1,000 small business owners found that 52 per cent felt that their bank did not understand their currency transfer needs more»
The new insurance challenges brought about by cyber crime
Macbeth's Ben Butler on the new difficulties businesses face with insurance, which have arisen from the rise in cyber crime and data theft. more»
