Pay by bank: Delivering instant bank payments for UK businesses
Future of online payments with Pay by bank and Open Banking.
Wonderful blog
The Wonderful team writes about Open Banking payments technology: from cost savings, security and settlement improvements, to third party integrations, fintech regulation and mobile apps.
Mobile phone POS is a key enabler that helps businesses adopt smarter processes for operational efficiency
Secure pay by bank payments for UK small business
Pay by bank is a revolutionary digital payment method that’s set to transform the online shopping experience for both customers and merchants.
Consumer Duty for Fintechs? It's our bedrock.
Our customers are at the centre of everything we do. We are committed to embedding their interests at the core of our activities. On the 31st of July 2023 new FCA rules came into force.
Payment Initiation Services: A game changer for UK businesses
Payment Initiation Services allow businesses to accept instant bank transfers from customers, transforming the checkout process and improving security.
UK retailers spent £1.2 billion processing card payments in 2021
Insights from the BRC's Payments Survey 2022: with cash use plummeting, businesses must address the rising cost of card payments.
How secure are A2A payments?
Here we take a look at the security features of A2A (account-to-account) payments, also known as ‘easy bank transfer’, ‘pay by bank' and 'instant bank payments'.
5 fantastic examples of A2A payments in action
A2A (account-to-account) payments are emerging as a fantastic alternative to card payments. Here we showcase some of the websites and apps already taking advantage.
Open banking: a secure and cost-effective alternative to card networks
Here at Wonderful, we were very pleased to see a joint statement issued by CMA, FCA, HM Treasury and PSR last Friday 25th March. Like us, it lauds open banking as a “secure and cost-effective alternative to using card networks.”
Better payments: the greatest opportunity for Open Banking?
Whilst Open Banking offers so much potential for innovation through the sharing of bank account data, the greatest advantage of this new scheme right now could be its ability to revolutionise online payments.
What is an open banking payment?
Open Banking technology promises to change how we pay for things and how we manage our money, but what exactly does it mean to pay using Open Banking?
HMRC embraces Open Banking for easier, safer tax payments
Today we saw a great indicator of just how important and promising Open Banking is: HMRC has awarded a huge £3 million contract to Ecospend.
Open banking for dummies: Everything you need to know
Feeling confused about what open banking is? Let us explain it in layman's terms so you can be clued up, impress your friends, and more importantly, make better financial decisions.