While 2010 was a year of continued uncertainty for the payments industry, 2011 is shaping-up to be a year of big developments…

In the UK, the industry will begin selecting and developing safe and appropriate alternatives to replace the cheque in 2018 and the UK Faster Payments Service is a contender to support this. However, with a recent LV= report* stating that payments fraud is on the increase, how will you ensure you have the right tools in place to verify your recipient before submitting a payment? And how will you ensure your settlement processes match the almost immediate nature of a Faster Payment?

Further afield, legislation on the SEPA migration end-date is finally expected, so if you’re hoping to take advantage of cost-saving opportunities within Europe, you will soon face the challenge of converting your customer, vendor and employee bank account information to ensure it is not only IBAN-ready within the required timeframe** but easily maintained going forward.

Whatever your payments challenge, Experian’s bank account validation, verification and payment processing solutions enable you to make and collect payments easily whilst controlling costs, improving customer service and reducing risk and fraud.

We can help you:

• Get more customers to sign up with you
• Reduce the cost of your payments
• Make sure your payments get straight through
• Minimise risk and fraud in your payments
• Take advantage of SEPA and international payments

To find out how, complete the form below and an Experian expert will be in contact shortly.

Experian. Helping you navigate the payments landscape.

* Finextra 23rd Nov 2010
** Pending adoption of the regulation, our best estimates for migration end dates are mid 2013 for SEPA Credit Transfer and mid 2014 for SEPA Direct Debits