What's New in Payments

UK charities leverage open banking to cut donation transaction costs

Open Banking Excellence QR code payments transfer solution

UK residents can now make charity donations using an open banking payments service that allows them to transfer money directly from their bank account to a charity’s bank account by scanning a QR code with their mobile phone, reducing the recipient’s processing costs and automatically enabling Gift Aid tax benefits on each donation... More




What's New in Payments

Bermuda trials digital stimulus token to distribute financial aid to citizens’ mobile phones

Bemuda's Premier David Burt using digital payment stimulus token

Residents and retailers in Bermuda are taking part in a pilot to test the viability of a “digital stimulus token”, which the Bermudan Government hopes to use to distribute financial aid more efficiently and to facilitate the purchase of food and other essential items during and beyond the Covid-19 pandemic... More