A Closer Look at Safeguarding in Regulated Institutions

At Nuapay, all our GBP funds are safeguarded in real-time in accounts at a UK credit institution.   As soon as any funds are received into our accounts, we make an equivalent transaction moving the money into designated safeguarding accounts that are held with our clearing bank.  Given the nature of our accounts, this is done automatically as soon as the money is received. 

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Throw the card in the bin – mobile payments with open banking

Nowadays everything seems possible with technology.  Innovation has opened up a digital age and things like carrying around a wallet full of cards are becoming a thing of the past. As tangible wallets inch closer to ‘old fashion’, mobile payment solutions are becoming more common. 

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Nuapay and Felloh! team up to slash the cost of processing charitable donations by 50%

17.06.20 – Today, open banking pioneer Nuapay, a Sentential company, announces its partnership with Felloh!, UK-based startup with a mission to transfer £1bn in reduced payment processing costs to donations for charities and social enterprises. The partnership enables social enterprise Felloh! to premier its open banking payments button. The new solution will enable consumers to effortlessly donate to charities, with over 50% of beta testers finding it easier to use than PayPal.

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SCA – can I make the problem go away?

Strong Customer Authentication (or SCA as it is known) was introduced as part of the European PSD2 regulations.  The card schemes are implementing SCA with upgrades to their 3DS payment solutions.  The problem with this is that it requires additional implementation effort for most merchants and, as with everything to do with the card schemes, additional costs.

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Nuapay Appointed to deliver Payment Initiation Services to UK Public Sector

Leading provider of account to account payment solutions, Nuapay, today announces that it has been selected to join the UK Government Crown Commercial Service’s Payment Acceptance Framework. This will enable public sector organisations to benefit from accepting open banking payments through Payment Initiation Services for the first time.

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The powers of Open Banking for refunds and pay-outs

The benefits of Open Banking as a payment (pay-in) mechanism have been well spoken about – it provides merchants with a fast, secure and cost-effective option to accept funds from customers. Less well spoken is the potential for Open Banking to power outgoing payments...

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Sibos 2019: an exciting shift in dialogue around Open Banking

Nuapay is delighted to have attended the annual Sibos conference and exhibition in London. This year, the theme of the conference was “Thriving in a hyper connected world.” It demonstrated a specific focus on the capabilities of financial service providers to sustain...

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Nuapay to attend the Smarter Payments Summit

With less than one week to go, the countdown for the Smarter Payments Summit is on! The Smarter Payments Summit is a unique event connecting Senior Executives working within the Payments and Technology sector, and discussing the latest developments in FinTech and...

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Barclays: setting the pace of the Open Banking revolution?

Open Banking in the UK appears to have been slow to take off since it launched in January 2018. However, the pace of adoption is increasing month-on-month, with significant numbers of transactions now being processed every day. UK banks have been forced into adopting...

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Open banking: Are merchants ready? 

It is undeniable that Open Banking has been slow to take off since the launch of PSD2 a year and a half ago; yet we are starting to witness encouraging signs that the initiative is gaining momentum. The first edition of our 'Open Banking World Series’ report found...

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Open Banking and EBAday 2019 – what we learnt

“While innovation is important, implementation is key”. So said Wolfgang Ehrmann, EBA Chairman, as he kicked off this year’s conference, setting the tone for the days to come. Much of the discussion between the 1,000+ strong crowd of banking professions was centred on...

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Overcoming Open Banking Challenges for PSPs

Over recent years there has been much expectation that Open Banking combined with Instant Payments will dramatically change the payment landscape, particularly in the e-commerce space. However, it’s widely acknowledged that Open Banking has been slow to take off since...

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The Money 20/20 Countdown Begins

The countdown is now well and truly on for Monney 20/20, Europe’s largest FinTech event which will be held at the beginning of June in Amsterdam and sees over 6,000 attendees from more than 2,000 companies and 82 countries, representing every sector of the payments,...

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