Why your favourite cafe takes card only, and what it costs them
Card-only tills trade a visible percentage fee for the hidden costs of cash, and the arithmetic now favours cards for most small…
Rachel Stone
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#Payments
Stories tagged “Payments”.
7 stories
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How contactless payments actually work
A contactless tap runs a full EMV cryptographic exchange over NFC in under half a second, and the £100 limit exists because of liability…
Amelia Hart
Open Banking for UK Businesses: Faster Lending, Smarter Accounting and Integrated Payments
Open banking lets UK businesses share financial data securely to unlock faster lending decisions, simplified accounting and modern payment…
Marcus Vale
What Is a Sort Code?
A sort code is the six-digit number that identifies the UK bank and branch holding an account. This guide explains what a sort code is, how…
Rachel Stone
Direct Debit vs Standing Order
Direct debits and standing orders both make automatic payments from your bank account, but they work very differently and offer different…
Rachel Stone
What Is a Standing Order?
A standing order is an instruction you give your bank to pay a fixed amount to someone on a regular schedule. This UK guide explains how…
Rachel Stone
What Is NFC?
NFC is the short-range wireless technology behind contactless payments, travel cards and tap-to-pair. Here is how it works, where you…
Liam Chen