Latest opinions that Patrick Bermingham has shared on Finextra

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Patrick Bermingham

CEO

Adflex

Member since

23 Apr 2018

Location

London

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Patrick's opinions

Are we entering the era of “slower payments”?

For decades, the financial services industry has been racing toward faster payments. The UK’s pioneering Faster Payments Service began delivering Real Time Gross Settlement (RTGS) as early as 2008; in the US, the Clearing House launched its RTP network in 2017, the same year the European Union introduced SEPA Instant Credit Transfer (SCT Inst); an...

10 June 2025 /payments

What trends will dominate the B2B payments world in 2025?

The beginning of the end for Direct Debits and Card on File? In mid-2025, expect to see the first implementations of commercial Variable Recurring Payments (cVRPs) in the UK, beginning with regulated industries that already have strong consumer protections, such as payments to utility companies, governments and charities. Until now, VRPs have la

24 February 2025 /payments

The AI Act: what impact will Artificial Intelligence really have on B2B payments?

Visit any social media newsfeed and countless posts will tell you that AI means “nothing will ever be the same again” or even that “you’re doing AI wrong”. The sheer volume of hyperbolic opinions being pushed out makes it almost impossible for businesses to decipher between the hype and reality. This is an issue the European Union’s ‘AI Act’ (the ...

29 August 2024 /ai /payments Artificial Intelligence and Financial Services

What trends will dominate the B2B payments world in 2024?

In with the old, as good as new The first use of a commercial card for a B2B payment was recorded by the travel industry in 1937. Yet nearly a century later, commercial cards are still not a widespread B2B payment method. Why? They are often hampered by security concerns, supplier acceptance, and incompatibility with existing financial systems. As...

01 December 2023 /payments /predictions Trends in Financial Services

Virtual Cards for Business Payments: What’s the Hold Up?

From workforce expenses to high value transactions between buyers and suppliers, the market that supports the initiating and acceptance of card-based business payments is big and growing. According to Mastercard, Visa and American Express, commercial card payments hit a five year high of US $2 trillion[1] in 2018. Companies that cater to these typ...

16 September 2019

APMs for B2B payments...Buzzword or next big thing?

Despite delivering convenience, speed and a better user experience in the consumer payments market, alternative payment methods (APMs) feature less prominently in the world of B2B transactions. It’s high time this changed. To understand why APMs are become increasingly important in B2B payments, let’s first clear up some confusion: What are APMs? ...

01 July 2019 /payments Payments strategies 2015-2020-2030

Invoicing in the IoT: why connections are key to maximising business value

Start-ups and established companies alike are increasingly interested in the industrial internet of things (IIoT), but many are missing a trick when it comes to payments. Businesses face many challenges when designing and implementing their own IoT payments solutions, most notably serious security risks and a lack of interoperability - and just on...

17 January 2019 /security /payments Innovation in Financial Services

The gateway that opens new business for ISVs

Using an API-led integrated digital payments gateway brings new opportunities for Independent Software Vendors (ISVs) to capitalise on emerging business models and add value to existing clients. In today’s competitive commercial environment, innovation and disruptive ideas are changing the business model across many industries. A subscription-based...

28 August 2018 /payments Payments strategies 2015-2020-2030

Payments as a Value Creator in the B2B Supply Chain

Today’s digital payments tech is delivering far more than process and cost efficiency in the B2B supply chain, says Patrick Bermingham, CEO, Adflex – it’s also creating new value by changing how buyers and suppliers find and do business with each other. A surprising number of big organisations still rely on traditional paper invoicing and BACS to p...

26 April 2018 /payments Fintech