Dear Subscriber,

In this issue of the PaymentEye e-newsletter Steven Ufford, CEO of Trulioo discusses the increase in demand for merchant accounts from micro-merchants, and why there is a clear case for developing appropriate onboarding procedures and processes that facilitate financial inclusion and trust.

And in other news, SalaryFinance have announced a £40m investment and ATM fees have hit a record high for the 11th year in a row.

We hope you enjoy the issue.

Trulioo Chief Executive Stephen Ufford analyses why the ability to know exactly who you are doing business with is increasingly important, and why protocols need to be put in place to keep not only merchant acquirers safe but to also ensure the safety of everyone who transacts with the merchants.

Data privacy is driving the European Union’s General Data Protection Regulations (GDPR) in the UK, and yet it’s widely felt that banks and other financial services institutions have run out of time to find to comply with the requirements.