Wonderful blog

Introducing One: Instant payments, in your pocket

Wonderful Payments, an FCA-authorised Open Banking provider, is delighted to announce the launch of a simple, user-friendly point-of-sale mobile app for UK businesses.

How can online businesses reduce payment processing fees?

UK merchants can strategically manage payment processing fees, potentially saving thousands of pounds each year. Here's how...

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.

Do wonderful things

As Wonderful Payments processes its first donations for Wonderful.org, founder Kieron James reflects on the platform's successes and exciting plans for the future.

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.

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.