How Your Business Could Benefit from Using a PISP
Employing a PISP for your business is a simple and secure way to take payments from customers via bank transfer, either as an alternative to card payments, or a way of automating and streamlining existing bank transfers. Equally, if you are an ISV, a PISP can help you to automate outbound payments for your clients, such as supplier payments.
Money in seconds – Open Banking Payments deliver cash in “real-time” to give merchants a helping hand
Open Banking is fast. For the fastest payments, the merchant received money in their account in as little as 4 seconds. That is, 4 seconds after the payer completed the authorisation, the money was sitting in the merchant’s account at Nuapay, available for them to use to move or make other payments. FOUR SECONDS! And that isn’t unusual – approximately 5% of payments arrive that fast.
OneBanks Announces Global Partnership with Nuapay to bring back human banking and financial inclusion
Effective immediately, OneBanks and Nuapay will deliver the future of payments reliably and securely – helping people to learn to trust digital payments by using simple, straightforward and reliable solutions for their everyday banking. People will be able to decide for themselves what they want to do and how they want to do it: cash, card, contactless, mobile, digital.
Nuapay and Cybersource team up to expand their offer in Europe’s growing subscription market
Nuapay’s end-to-end cloud environment for collecting recurring payments—covering payer sign-up through to managing money received—has been integrated into Cybersource’s payment gateway. This enables Cybersource’s existing customers to rapidly leverage Nuapay’s solutions,
10 things you should ask your Open Banking provider
Most clients understand the basic proposition of Open Banking – and its fast, frictionless and fraud-free benefits. But some aren’t sure what details they need, and how to ask the intelligent questions to make sure they get the right provider.
Gala Technology selects Nuapay to enable Open Banking payments
Nuapay is one of the only PISPs which offers a fully inclusive open banking payment initiation, webhook notification and payment account solution; which quickens checkouts, speed-up access to cash flow, reduces processing costs, and enables full reconciliation and batch settlements of transactions. Gala Technology’s customers now have access to new payment innovation and will be able to perform refunds or make instant payouts.
Nuapay brings Open Banking to 190M French accounts
Nuapay is now connected with 55 banks operating in France, enabling efficient and secure payments from 190 million French bank accounts. Nuapay’s French merchants will now be able to accept instant payments via Open Banking from customers, delivering merchants and consumers the benefit of a fast and secure payment method.
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.
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.
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.
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.
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.
Open Banking – Relief for businesses when they need it most
With COVID-19 leading to a significant economic downturn, holdbacks from acquirers are on the rise in sectors like airlines and travel. Despite their ubiquity, traditional payment methods like cards aren’t always the panacea for merchants. In fact, they come with some significant downsides…
PayGuard® Chooses Nuapay for Open Banking Payments
Fusion Telecom helps contact centers of all sizes interact with their customers by fusing leading contact and payment technologies. Its secure payments product, PayGuard®, enables companies to take payments over the phone or by instant message and set up recurring payments in minutes, all while ensuring compliance with security and data privacy regulations.
Elavon and Nuapay team on Open Banking
Nuapay is excited to announce a collaboration with Elavon, a global payments leader, to provide selected Open Banking solutions to Elavon customers. Under PSD2 regulation in Europe, open banking enables consumers to securely share their data and make instant payments...
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...
Open Banking used for safe, secure and instant charity donations
Through our partnership with the innovative technology company Thyngs, we are making Open Banking more widely available, while helping charities to increase their non-cash donations. Last week, Nuapay announced its partnership with mobile technology platform, Thyngs,...
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...
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...
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...