Good Business Pays’ Post

It’s the MOST w̶o̶n̶d̶e̶r̶f̶u̶l̶ expensive ti(iii)me of the year. Perhaps unsurprising that direct debits in the UK fail at a consistently higher rate in January than any other month (source: ONS). Reducing cost is of course a welcome relief to anyone at 𝘢𝘯𝘺 time though – whether that’s saving pennies on sleigh top-ups for our rotund, rosy-cheeked, reindeer chauffeur, or simply paying your payments provider. Pay with Bank transfer, powered by American Express, allows an express check-out for customers at a low cost to merchants. Funds arrive in zero sleeps, even if you’re sending a refund. #𝗦𝗹𝗲𝗶𝗴𝗵𝘄𝗶𝘁𝗵𝗕𝗮𝗻𝗸𝘁𝗿𝗮𝗻𝘀𝗳𝗲𝗿  #𝗣𝘄𝗕𝗧  #𝗼𝗽𝗲𝗻𝗯𝗮𝗻𝗸𝗶𝗻𝗴

Cash use has increased, according to the latest British Retail Consortium Payments Survey https://lnkd.in/e9qvaW2R #cash #payments #consumerspending #cashtransactions #cardpayments #paymenttechnology

Why are smooth cross-border payments the key to successful business operations? 🤔💼 1. Enhanced Efficiency: Smooth cross-border payments streamline financial transactions, reducing delays and inefficiencies associated with traditional payment methods. ⏱️ 2. Improved Cash Flow Management: By enabling faster payment processing and settlement times, smooth cross-border payments help businesses optimize cash flow management.💰 3. Global Expansion Opportunities: Smooth cross-border payments empower businesses to expand into new markets and reach customers worldwide.🌐 4. Customer Satisfaction: In today's fast-paced world, customers expect seamless and hassle-free payment experiences.💳 At TransFi, we understand the importance of smooth cross-border payments for businesses of all sizes. That's why we offer innovative payment solutions designed to simplify international transactions and accelerate business growth. Don't let payment barriers hold your business back. Embrace the power of smooth cross-border payments with TransFi and unlock your business's full potential! #CrossBorderPayments #BusinessSuccess #GlobalExpansion #TransFi"

Some great insight in to the increasing importance of harnessing the power of payments for your Business. Based on a survey of 300 senior executives from UK businesses in the retail, food and beverage and hospitality sectors, along with insights from 6 expert interviews, including Ajit Ramachandran's, this report is packed with valuable insights.   Findings include: § Less than a third (27%) of businesses are confident they offer seamless payments experiences. § Almost two-thirds of businesses (59%) across Retail, Food & Beverages and Hospitality believe a good checkout experience offers the same competitive advantage as having the best products. § Customer preference is the factor most likely to influence businesses’ investment in payment technologies. § 71% say that if a customer doesn’t feel secure during a transaction, they’ll never return to a business – this rises to 75% for retailers § Three in five businesses see their payment gateway partner as a data and insight provider   If you, or are any of your clients need support with their payments needs, get in touch! Drew Henretty Client Development Manager   North East & Scotland T: 07795 452 437 E: drew.henretty@lloydsbanking.com Richard Humphries Melinda Roylett Clare Richardson Sharon Ellen Ian Collins

Are bad practices ruining the payments industry? Some companies are making it harder for honest businesses and hurting merchants through sneaky contracts and unfair fees. Let’s fix this together! Want to know what’s really going on and how we can do better? 👉 Check out my article in The Green Sheet https://lnkd.in/gqvXhKQB #PaymentsMadeSimple #MerchantServices #BetterBusiness

The Payments Service Regulator is planning a cap on cross-border card fees. The current rates post-Brexit cost businesses £150-200 million extra per year, as reported in Finextra.   Our co-founder and CEO, Laurent Descout believes that these cross-border fees and supply chain disruptions have negatively impacted UK businesses post-Brexit.    While it is encouraging that the PSR recognises the problem and is looking to introduce a price cap to protect UK businesses, more must be done to protect SMEs in an already challenging economy. Without a permanent regulatory solution, their bottom lines could be at risk.   Read more about the news here: https://lnkd.in/eANGvD5S   Find out more about how Neo can support your business with simplified cross-border payments: www.getneo.com   #CrossBorderPayments #CorporateTreasury #TreasuryManagement #SMEs    

There's a lot to learn from this Discover Global Network infographic. Like, how merchants are recognizing that payments can be used to help improve their business performance. Read more and find out how valuable payments providers can be. #DiscoverEmployee #Payments #BusinessGrowth #Valuable

There's a lot to learn from this Discover Global Network infographic. Like, how merchants are recognizing that payments can be used to help improve their business performance. Read more and find out how valuable payments providers can be. #DiscoverEmployee #Payments #BusinessGrowth #Valuable

Learn how Corvia’s payment solutions empower high-risk merchants with tailored strategies and dedicated support. #PaymentSolutions #RiskManagement #HighRiskBusiness

New research from FreedomPay, Lloyds Bank Business & Commercial, and FT Longitude reveals UK businesses must prioritise payment technology to build customer loyalty and stay competitive. Understanding what customers expect and want from a payment experience is fundamental to ensuring that customers keep coming back. Almost two-thirds of businesses across Retail, Food & Beverages and Hospitality believe a good checkout experience offers the same competitive advantage as having the best products. Read the full report to uncover more insights from 300+ senior business leaders across the UK: https://lnkd.in/dg_Dm9Rr #thoughtleadership #loyalty #banking #finance #retail #hospitality #RTS2024 #Hospitality #foodandbeverage #paymentstrategy #payments #fintech #conversion #customerretention #brandtrust #paymentstechnology #tech #NextLevelCommerce #RetailTechnologyShow