9 Results
Patrick Bermingham CEO at Adflex
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
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
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
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
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
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
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
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
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
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