Automic has been selected by Carphone Warehouse to be a part of its ‘Connected World’ initiative, as well as helping the largest independent mobile phone retailer in the UK achieve compliance with Single European Payments Area (SEPA) legislation.
Beyond the ‘Connected World’ programme, Automic is already helping Carphone Warehouse achieve SEPA compliance in advance of the February 2014 deadline by automating its entire direct debit collection process. This end-to-end solution is being delivered using Software As A Service (SaaS) and has given the Carphone Warehouse management team real visibility into the collection process. With automatic checks performed at every stage, Automic’s solution is targeting a reduction in direct debit failures of 90%.
“IDC’s research consistently identifies automation as a top priority for businesses that are trying to streamline complex business processes and make more efficient use of their IT staff and infrastructure,” states Mary Johnston Turner, IDC Research Vice President for Enterprise Systems Management Software.
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.