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Token.io announced that chief product officer Charles Damen has been elected to the board of the UK Payments Initiative (UKPI), an FCA-backed, industry-led body advancing Variable Recurring Payments and Open Banking adoption in the UK.
New research from Pay with Bank Transfer, powered by American Express, shows security is a top priority for UK online shoppers.
The UK Payments Initiative is formed by 31 firms to enable variable recurring payments and will be set up before the end of this year.
TrueLayer’s chief operating officer Rob Kerrigan has joined the board of the UK Payments Initiative. The UKPI will roll out Variable Recurring Payments to support Pay by Bank adoption, with the first live payments expected early next year.
James Hickman and George Head have joined Currensea from Ecospend.
“Real-time access to business data and automation are critical for SMEs to save time and ultimately money,” said Brenton Charnley, vice president and head of Open Finance, Australasia at Mastercard.
The acquisition will creates one provider that integrates card payments, local methods, and bank payments into a single solution.
The Open Property Data Association said the proposals call for the introduction of trusted data and digital tools to allow consumers to complete tasks and track progress in real time.
Latvia-based Pats.lv is an accounting and invoicing platform for self-employed professionals and small businesses.
The new product enables companies to initiate multiple payments simultaneously, directly from their business bank accounts.
