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.
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.
Two floor elevator ride
Last week, I was showing a friendly VC our pitch deck when a slide on routes to market made her pause and ask: “could you explain the benefits of Wonderful payments to a commercial prospect in ten words?”
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 are Open Banking payments?
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.
How to receive instant payments to your charity
Donations received in any form are great but considering that charities are managing a number of programs simultaneously and in real time, being able to receive donations to your charity via instant bank payments and have instant access to your funds can ensure there is no delay in receiving funds.