Payments
- BusinessAOL
Bank glitch delays house moves
Thousands of property purchases were thrown into turmoil yesterday as the Bank of England system used to transfer hundreds of billions of payments between lenders was hit by a technical glitch. Home buyers and sellers were left in limbo, unable
4-min read - BusinessAOL
Britons 'miss £882m' bill payments
One in five people have missed an essential bill payment in the last year and one in 10 have been served with a county court judgment (CCJ) as a result, according to a survey. Britons have missed 15 million bill payments worth a total of £882
- BusinessAOL
FCA acts over payment breaches
Two firms are facing enforcement action after the City watchdog uncovered evidence that financial advisers and product providers were flouting new rules banning commission payments. The Financial Conduct Authority (FCA) is launching a crackdown
- BusinessAOL
Facebook piloting payments system
Facebook is working on a pilot system which could rival PayPal by allowing users to make mobile purchases using their log-in details. The social networking site has confirmed plans to test the new service which would reportedly enable shoppers
- BusinessAOL
Beware recurring payments and Continuous Payment Authority
Continuous Payment Authorities (CPAs) are a common mechanism used by a variety of businesses to take recurring payments from customers. For example, they are used by many publishers to take annual payments for magazine subscriptions. They are also
1-min read - NewsAOL
Phone payment scheme set for 2014
The UK's first industry-wide scheme to allow people to transfer cash to friends and businesses as easily as texting will be up and running from spring 2014, the payments body has said. Eight financial institutions, representing 90% of UK
- BusinessAOL
New rules over recurrent payments
The trading watchdog has announced new rules for firms who sign customers up to recurring payments for services such as insurance and gym membership, amid concerns that customers may be misled about their rights. The new set of principles are