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Cashflows and Cardstream Partner to Advance Embedded Payments in Europe

ABC Staff
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Cashflows and Cardstream Partner to Advance Embedded Payments in Europe

Cashflows, a leading payments platform simplifying transactions for businesses, has formed a strategic alliance with Cardstream Group, the UK’s top independent fintech provider. This partnership will supercharge Cashflows’ embedded payments offering, bringing enhanced capabilities to ISOs, software platforms, ISVs, and PayFacs across the UK and Europe.

The strategy unites Cashflows’ expert acquiring capabilities with Cardstream’s market leading PFaaS infrastructure to dramatically simplify the launch and growth process for PayFacs, aspiring PayFacs, ISOs and ISVs in the market, by managing complex regulatory, compliance, and operational requirements on their behalf.

PFaaS is redefining how embedded payments are delivered, giving PayFacs the tools to deploy payment services rapidly and seamlessly, with Cardstream already achieving success in many markets. As Cashflows has identified similar demand in the UK and Europe for flexible, integrated payment experiences, deploying Cardstream’s PFaaS provides an end-to-end managed service that includes onboarding, compliance, merchant activation, and transaction processing—allowing the opportunity to monetise a payment facilitator model from the outset.

“Our collaboration with a best-in-class partner like Cardstream, helps us to remove the complexities of embedded payments for platforms and PayFacs by providing a modular approach that removes technical barriers while empowering them with greater control over their payments,” stated Hannah Fitzsimons, CEO of Cashflows. “By leveraging our in-house expertise, we’re enabling them to evolve, thrive and concentrate on what truly matters: innovation and growth.”

“As the embedded payments space continues to accelerate, we’re seeing Acquirers, Schemes, Platforms, and Financial Institutions increasingly having to choose either build, buy, or partner,” said Adam Sharpe, CEO of Cardstream Group. “Given the complexity, many are now turning to trusted, best-in-class partners with robust Fintech-as-a-services offering, such as those that Cardstream offers. This shift is driving significant growth in strategic collaborations across the industry.”

In a market where embedded finance is becoming a strategic priority, Cashflows and Cardstream’s combined expertise stands out by providing speed, compliance assurance, and commercial flexibility, without the usual infrastructure or licensing burden. Together, it sets a new standard for embedded payments—giving ISVs, ISOs, Platforms and PayFacs in the UK and Europe, everything they need to scale confidently in a highly regulated environment.

Employment Screening Standards Tighten as Background Checks Evolve in 2025

Claire James
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Employment Screening Standards Tighten as Background Checks Evolve in 2025

In today’s competitive job market, a background check for employment is more than a formality—it’s a critical step in building a safe, qualified, and trustworthy workforce. With 94% of employers conducting some form of pre-employment screening (according to SHRM), understanding the nuances of this process is essential. This guide explores the legal, practical, and ethical dimensions of employment background checks, offering actionable insights for both employers and job seekers navigating the U.S. hiring landscape.

1. What Is a Background Check for Employment?

A background check for employment is an investigative process employers use to verify a candidate’s history, credentials, and suitability for a role. It typically includes:

  • Criminal history (felonies, misdemeanors, pending cases)
  • Employment verification (past job titles, dates, responsibilities)
  • Education and professional license checks
  • Credit history (for roles involving finances)
  • Drug testing (common in healthcare, transportation, and manufacturing)
  • Social media and online behavior review

These checks help employers mitigate risks ranging from workplace violence to fraudulent credentials, ensuring alignment between a candidate’s claims and reality.

2. Why Employers Conduct Background Checks

Risk Mitigation: A single bad hire can cost up to 30% of the employee’s annual salary (U.S. Department of Labor). Background checks reduce liability for negligence in hiring.
Compliance: Industries like healthcare (HIPAA) and finance (SEC/FINRA) mandate rigorous screenings.
Reputation Protection: High-profile cases, such as Uber’s $10 million settlement over driver screenings, underscore the stakes.
Quality Assurance: Verifying skills and experience ensures candidates can perform as promised.

3. Types of Employment Background Checks

Employers tailor checks based on role requirements:

  • Criminal Background Checks: Searches at county, state, and federal levels.
  • Employment & Education Verification: 85% of employers uncover resume exaggerations (GCheck.com).
  • Credit Checks: Permitted for financial roles under the Fair Credit Reporting Act (FCRA).
  • Drug Testing: Federally required for transportation (DOT) and safety-sensitive jobs.
  • Social Media Screening: 70% of employers review candidates’ online profiles (CareerBuilder).

4. Legal Framework Governing Background Checks

Federal Laws:

  • FCRA: Requires employer consent, disclosure, and adverse action procedures.
  • EEOC Guidelines: Prohibit discriminatory practices (e.g., disproportionately rejecting candidates based on criminal history).

State Laws:

  • Ban-the-Box: 37 states restrict criminal history inquiries until later in hiring.
  • Salary History Bans: 21 states prohibit asking about prior pay to combat wage gaps.
  • Credit Check Restrictions: California, Colorado, and Washington limit credit checks to specific roles.

Penalties: Violations can lead to lawsuits, fines (up to $3,500 per FCRA violation), and reputational damage.

5. Step-by-Step Process for Conducting a Background Check

  1. Obtain Written Consent: Mandatory under FCRA via standalone disclosure forms.
  2. Choose a Screening Provider: Select a Consumer Reporting Agency (CRA) accredited by the Professional Background Screening Association (PBSA).
  3. Define Scope: Align checks with job requirements (e.g., driving records for delivery roles).
  4. Review Results: Cross-reference discrepancies and assess relevance (e.g., a decade-old misdemeanor vs. a recent fraud charge).
  5. Adverse Action Process: If rejecting a candidate, provide a pre-adverse action notice, a copy of the report, and a chance to dispute findings.

6. Interpreting Results: Common Red Flags and Responses

  • Criminal Records: Evaluate the nature, severity, and recency of offenses. A DUI may not disqualify an accountant but could bar a commercial driver.
  • Employment Gaps: Use interviews to clarify reasons (e.g., caregiving, education).
  • Education Fraud: 44% of employers report fabricated degrees (GCheck).
  • Negative References: Seek context—was the reference a personality clash or evidence of poor performance?

Best Practice: Adopt an individualized assessment model recommended by the EEOC to avoid blanket exclusions.

7. Candidate Rights and How to Dispute Inaccuracies

Under FCRA, candidates have the right to:

  • Consent to screenings.
  • Receive a copy of the report.
  • Dispute errors with the CRA within 30 days.
  • Receive a final adverse action notice if disqualified.

Dispute Process: CRAs must reinvestigate errors within 30 days. Candidates can also file complaints with the Consumer Financial Protection Bureau (CFPB).

8. Best Practices for Employers

  • Consistency: Apply the same checks to all candidates in similar roles.
  • Transparency: Clearly communicate your screening policy in job postings.
  • Training: Educate HR teams on FCRA compliance and bias avoidance.
  • Documentation: Keep records of consent forms and adjudication decisions for at least five years.

9. The Future of Employment Background Checks

  • AI and Automation: Accelerating turnaround times but raising concerns about algorithmic bias.
  • Continuous Monitoring: Real-time alerts for post-hire criminal activity.
  • Globalization: Remote hiring necessitates international criminal and employment checks.
  • Privacy Laws: Stricter regulations (e.g., California’s CCPA) requiring explicit consent for data collection.

Conclusion

A background check for employment is a balancing act—protecting organizational interests while respecting candidate rights. By staying informed on evolving laws, leveraging technology ethically, and fostering transparency, employers can build teams that thrive, and candidates can navigate the process with confidence. In 2023, the key lies in diligence, fairness, and adaptability.

Tips for Managing Credit Cards When You Have Bad Credit

Danielle
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Tips for Managing Credit Cards When You Have Bad Credit

Credit cards are a convenient way to make purchases and build credit. Swipe your card to get your item, and you don’t have to worry about the bill till later. While credit cards are an easy payment method, you have to use them responsibly. Using credit responsibly will keep you out of debt and help you achieve an excellent score.

Let’s review how to manage credit cards to increase your rating and avoid debt.

How your credit score is determined

Credit cards and credit scores go hand in hand. Credit scores are calculated by evaluating the data on your credit reports. A lot of the data comes from how you use your credit cards.

FICO (used by 90% of lenders) considers the following factors when calculating scores:

  • Payment history – 35%
  • Credit utilization – 30%
  • Length of credit history – 15%
  • New inquiries – 10%
  • Credit mix – 10%

You’ll find that many rules on how to use credit responsibly correlate directly to how your credit score is calculated.

Top tips for using credit responsibly

Spend within your means

The golden rule of credit card use is to buy things on credit that you can afford to pay for in cash. Do not use your card to buy things you can’t afford to pay off by the due date. Otherwise, you’ll be charged interest on your outstanding balance and can easily fall into debt.

Treat your credit card like a debit card. Only charge what you already have in your bank account. You’ll keep your credit utilization low and be able to pay your bill on time and in full every month. Prioritizing on-time payments and low utilization is the best thing you can do to improve your credit score.

Pay on time, every time

Making on-time payments is essential to achieving good credit. It shows lenders that you’re a reliable and responsible borrower. Even one late payment can damage your score.

Most credit card issuers let you set up automatic payments or will send you reminders. If you miss a due date, pay as soon as possible. Many issuers don’t report late payments until you’re

over 30 days past due. While you will probably have to pay a late fee, you can protect your credit score.

Many people struggling to pay their bills ask, Can you pay a credit card with a credit card? The short answer is no, but there are workarounds – a balance transfer card or credit card cash advance can do the trick.

Keep your utilization low

Your credit utilization rate is the percentage of your available credit that you’re using. The general rule of thumb is to keep your utilization under 30% of your limit. When building credit, use no more than 10% of your total credit limit.

For example, if your limit is $1,000, keep your balance under $100, no more than $300. A low utilization rate shows lenders that you aren’t overly reliant on borrowed money.

Pay more than the minimum

Paying only the minimum on your credit card bill keeps you in debt longer and increases the amount of interest you owe. Aim to pay your balance in full each month. Paying in full will help you maintain a low utilization rate and save you money on interest.

If you can’t afford the full balance, pay as much as possible. Even a small extra payment can reduce your balance faster.

Avoid maxing out your credit card

Maxing out your card signals to lenders that you’re overly reliant on credit. Relying too much on borrowing makes them fear that you won’t be able to afford your bill.

Keep your balances low and avoid the temptation to spend simply because you have available credit.

Pay your bill twice a month

One trick to help maintain a low usage rate is to pay down your balance throughout the month. Credit card issuers only report your activity at the end of the billing cycle. If you have a higher balance mid-billing cycle, you can pay it down before they report it.

Set aside a portion of each paycheck to pay your credit card bill. Since you’re making two payments per month instead of one, you can hopefully pay off your balance in full.

Review your monthly statements

Read your credit card statements each month. Reviewing your statement helps you identify areas where you’re overspending and figure out how to adjust. It can also help you catch fraud early on.

Read your credit card terms

Take the time to read the fine print so you know what fees to expect and how your card works. Note the interest rates, fees, grace periods, due dates, and penalty charges. Knowing when your bill is due, when you’re charged interest, and all potential fees can help you avoid costly surprises like late fees or sudden interest hikes.

Act immediately if your card is lost or stolen

If you lose your credit card, contact your card issuer right away to report the issue. They can freeze or cancel the card and issue a replacement. Prompt reporting limits your liability for unauthorized charges and helps prevent identity theft. Many credit cards offer zero-liability protection if you report the loss promptly.

Avoid credit card debt

One of the biggest mistakes people make with credit cards is getting into debt. Credit card debt is particularly costly because of the high APRs and compounding interest.

Do not fall for the minimum payment trap. Only having to pay 2% of your bill sounds nice, but it will cost you. You will have to pay interest on the remaining balance. The average interest rate, according to the Federal Reserve Bank of St. Louis, is 21.37% APR. Paying interest on a high APR is expensive. Most of the minimum payment goes toward the interest, which keeps growing, and barely makes a dent in the principal. Continue only to make minimum payments; it will take you years to get out of debt.

The best way to stay out of debt is to spend within your means. When you follow that rule, you can pay your balance in full each month. If you don’t carry a balance, you’ll never pay a dime in interest.

Final thoughts

Credit cards are a valuable financial tool for building credit and earning rewards. The right card can give you cash back or travel points toward your next vacation, and it will build your score.

To benefit, you have to use credit responsibly. Spend within your means, only make small transactions, and set up auto-pay. Over time, the on-time payments and a low usage rate will do wonders for your score.

FXIFY™ and WeForest Partner Again to Tackle Deforestation in 2025

Danielle
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FXIFY™ and WeForest Partner Again to Tackle Deforestation in 2025

Trading capital meets climate action as FXIFY launches its second reforestation campaign.

London, UK. May 29th 2025 – FXIFY™, the industry’s oldest broker-backed prop firm, is proud to announce the return of its Earth Day initiative in partnership with WeForest. After the overwhelming success of last year’s campaign — which resulted in 15,400 trees planted by over 5,000 traders, and the regeneration of 14 hectares of degraded land in Butiama Hills, Tanzania — FXIFY has once again committed to growth that goes beyond trading accounts. This year, the firm is aiming to plant a further 15,000+ trees as a result of their Earth Day campaign.

“At FXIFY, growth has always meant more than numbers on a screen,” said Peter Brown, Co-Founder of FXIFY. “We’re proud to support reforestation efforts that not only help the planet — but directly support the communities living in these regions.”

For every funded trading challenge purchased during the campaign period, FXIFY will plant a tree in partnership with WeForest — an international nonprofit focused on restoring threatened forest ecosystems through science-backed, locally led projects. This year’s planting effort will once again support the Butiama Hills region in Tanzania — an area deeply affected by deforestation and land degradation.

WeForest’s work in Butiama Hills aims to regenerate hectares of degraded land through assisted natural regeneration. The reforestation project provides clean water, improves biodiversity, and empowers local communities with sustainable job opportunities — including beekeeping and agroforestry training for women. The total reforestation goal for this region is 3,868 hectares.

Last year, over 5,000 traders participated in FXIFY’s Earth Day campaign, contributing to the planting of 15,400 trees, restoring 14 hectares, and storing an estimated 1,330 tonnes of CO₂ over 20 years. This year, FXIFY aims to match that momentum with an even bigger impact — both for traders and the environment.

“We’re incredibly proud of our traders for showing up not just for themselves, but for something bigger,” said Peter Brown. “This campaign proves that trading can do more than grow your account — it can help grow a better world.”

Chinese EVs Gain Ground in the UK as BYD Leads Market Growth

Danielle
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0
Chinese EVs Gain Ground in the UK as BYD Leads Market Growth
  • BYD Seal sees 200% jump in interest, reports The Electric Car Scheme

  • British drivers are turning to Chinese EVs thanks to lower prices and new launches

  • The Electric Car Scheme spotlights top Chinese models for 2025

Interest in Chinese-made electric vehicles is soaring, with The Electric Car Scheme confirming that enquiries for the BYD Seal have climbed 200% year-on-year. This comes as BYD outperforms Tesla in European vehicle sales—a first for the emerging EV giant.

Over the past year, Chinese EVs have gained a significant foothold in the UK market. The Electric Car Scheme anticipates a further 300% rise in orders for BYD models in 2025, as their affordability and advanced features continue to attract buyers.

BYD’s standout models—Seal, Atto (from £358 per month), Dolphin (£298 per month), and the Sealion 7 (£478 per month)—are at the forefront of this trend. Several other Chinese manufacturers, including Ora, Jaecoo, Omoda, Haval and XPeng, are also expected to make an entrance onto UK roads this year.

As EV adoption accelerates across the UK, 2025 is expected to see record numbers of electric vehicles on the road, with Chinese models spearheading this growth. The Electric Car Scheme has identified three Chinese EVs that are set to lead the charge in the coming months.

BYD Seal 

This Model 3 rival has seen a huge increase in interest already and is set to be one of the most popular EVs in 2025 and beyond. The range of up to 354 miles and 0-60 acceleration in just 3.8 seconds makes this electric saloon car a popular choice for families, especially with a spacious 402 litre boot. 

Available for £386 per month with salary sacrifice this is a model UK drivers are likely to see more of on the roads this year.

MG4

One of the most popular EVs available through salary sacrifice, the MG4 combines performance and affordability. From £255 a month and with a top spec range of 435 miles, it makes a great first EV for anyone looking to make the jump to electric. The MG4 impresses first-time EV drivers with its dynamic design and spacious interior, providing 363 litres of boot space and comfortable seating for five passengers. 

Omoda E5

The first SUV on this list is likely to make an impact with some stylish design and its size. Inside, the Omoda E5 features a high-tech cabin with a dual-screen setup that includes a 12.3-inch central touchscreen and a digital driver display. Advanced connectivity features like wireless smartphone mirroring, over-the-air updates, and a comprehensive suite of driver assistance technologies ensure convenience and safety. 

Available from £298 per month it is also one of the more affordable models around, which research from The Electric Car Scheme shows is the biggest consideration for 54% of potential EV drivers. 

The Electric Car Scheme CEO and Co-Founder Thom Groot commented:

“It is no surprise that Chinese EVs which are more affordable than rivals and equipped with modern and high spec technology are becoming more popular. It is true that Western models have taken a bit of a hit in terms of popularity over the past few months, but as much as anything else we see this as evidence of the rest of the pack catching up in terms of performance and quality. 

“We know that affordability is the biggest barrier to getting into an electric car for the majority of Brits so cheaper alternatives will be a welcome addition to the journey of reaching Net Zero and Zero Emission Vehicle goals. Whether it be a Seal, Dolphin or Sealion it is clear that these models are here to stay and play their part in the cars of the future.”

Bitcoin Dips to $106K After Hitting Record High

ABC Staff
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Bitcoin Dips to $106K After Hitting Record High

Bitcoin has seen a significant correction, retreating to $106,600 after hitting an all-time high of $112,000. The dip is largely driven by extended profit-taking amid weak market catalysts. Neither recent political developments nor institutional buying has been enough to shift momentum back into bullish territory. The current volatility mirrors the intense optimism of previous weeks and the growing uncertainty clouding crypto’s near-term outlook.

One of the events that caught the market’s attention was GameStop’s purchase of over $500 million in Bitcoin. This move, which might have triggered a bullish rally in the past, was insufficient to halt the decline. The weakened impact of positive news suggests that investors are adopting a more cautious stance, prioritizing profit-taking over following the accumulation narrative.

On the political front, a ruling by the U.S. Court of International Trade limited former President Donald Trump’s ability to impose tariffs. This decision generally boosted risk appetite in traditional markets. However, cryptocurrencies did not mirror this enthusiasm, showing a disconnect from other risk assets. The crypto market’s lukewarm reaction is partly due to uncertainty regarding the sustainability of such decisions, especially after the White House immediately filed an appeal.

In the background of this situation lies the expectation of more crypto-friendly regulation under a possible new Trump administration. Bills related to stablecoins have made progress, previously fueling market optimism. However, that same optimism has led to overbought conditions, now leaving Bitcoin vulnerable to deeper technical corrections.

During a recent conference in Las Vegas, Vice President JD Vance reiterated the Republican Party’s support for the adoption of Bitcoin as a geopolitical strategy against China. This approach seeks to position the U.S. as a leader in financial innovation. However, concerns over potential conflicts of interest between officials and crypto companies have raised questions about the transparency and true motives behind this support.

Adding to this scenario is the global macroeconomic environment, marked by ongoing uncertainty regarding interest rates. While speculation continues about possible Federal Reserve cuts in the second half of the year, the lack of clear signals has dampened investor sentiment toward volatile assets, such as Bitcoin.

In conclusion, Bitcoin is undergoing a phase of adjustment following a period of sharp gains and heightened political expectations. The lack of a positive response to events that would typically be bullish reveals market fatigue that requires new catalysts. As the political, regulatory, and economic landscape evolves, investors should proceed with caution and wait for clearer signals before anticipating a new stage of sustained growth for the world’s leading digital asset.

Zafir Rashid accelerates next-gen development pipeline with branded residences and wellness innovation

Josh Haines
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Zafir Rashid accelerates next-gen development pipeline with branded residences and wellness innovation

Teramir Group, led by internationally active developer Zafir Rashid, is advancing a flagship hospitality and mixed-use development into the final pre-construction phase. With building permits expected within the coming weeks, the group is preparing to move from completed horizontal infrastructure into vertical construction across a site representing over $1.5 billion in planned development value.

The development is anchored by branded residences and geared towards families with children.

The project builds on over a decade of acquisition, planning, and entitlement work. Located in a high-growth corridor, the site benefits from proximity to major transit, established infrastructure, and favorable demographic trends. Rashid’s long-term strategy has involved assembling parcels, managing regulatory milestones, planning and more.

“This is wellness-focused hospitality,” explains Zafir Rashid.

“It’s designed for multi-generational living,” Rashid adds. “We’re focused on real estate that serves as both a lifestyle upgrade and a secure, long-term asset.” The community is set to include family-oriented recreational zones, pedestrian-first pathways, and flexible spaces designed to evolve with the needs of future residents.

The master-planned project blends high-end living, immersive resort experiences, and next-generation infrastructure. The development includes character-branded accommodations, themed restaurants, water-based attractions, and a new hospitality concept tailored to health-conscious global travelers.

The team has focused on cultural and generational relevance, curating a destination that resonates with North American families as well as international guests. By blending themed attractions with curated lifestyle offerings, the development aims to deliver both experience and continuity. This development will become a place to return to year after year for many families.

“It’s the realization of a long-term vision that integrates lifestyle, culture, and economic growth,” said Zafir Rashid, Head of Development at Teramir Group. “We’ve laid the groundwork, physically and financially. We’re now entering a transformational phase.”

The residential offering will include fully managed, for-sale branded units that combine private ownership with resort-style services. Alongside this, the group is introducing a wellness-driven hotel brand that will offer alcohol-free environments, dedicated spas for men and women, and inclusive culinary programs featuring halal and kosher options, creating a culturally attuned hospitality experience unique to the North American market.

From entitlements to engineering and land assembly, every element has been aligned to allow for seamless execution once final approvals are issued.

Construction sequencing has been mapped to ensure minimal disruption, with a focus on long-term operability and phased delivery. Each phase is designed to be self-sustaining, allowing early components to generate activity and cash flow while final elements are brought online. “It’s about building momentum responsibly,” Rashid notes.

About Zafir Rashid

Zafir Rashid is a veteran developer and capital strategist with over 25 years of experience in global real estate. He leads Teramir Group’s development strategy, international partnerships, and investor relations.

About Teramir Group of Companies

Teramir Group is a privately held real estate development firm specializing in hospitality-forward, infrastructure-driven projects. Operating across North America and the Middle East, the company delivers high-impact master-planned developments designed for today’s global lifestyle and investment environment.

 

Digital Payment Platforms Evolve to Meet Rising Consumer Demands

Claire James
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Digital Payment Platforms Evolve to Meet Rising Consumer Demands

The world is swiftly moving towards digital payments. A Deloitte report projects that global digital payment transactions will hit 726 billion by 2020. As more of your customers adopt digital payments, having the right features in your payment app is crucial for driving engagement and transactions. 

In this post, we will discuss the top 10 must-have features you need to include in your digital payment platform in 2025 to delight customers.

1. Easy Account Setup and Management

The first step towards getting customers to use your payment app is removing friction from the signup process. 

Your app should allow creating an account within the least number of steps. Provide options like using existing social media accounts to register quickly. 

Offer easy login methods like passcodes, touch ID, face ID, etc. that customers are already familiar with. Allow them to reset these credentials easily whenever required.

You must also make it simple for customers to update their personal details or bank account information from within the app. The easier you make the onboarding and account management, the faster you will gain new users.

2. Multiple Payment Methods 

Today’s consumers use a variety of payment modes ranging from:

– Digital Wallet solutions

– UPI

– Credit/Debit Cards

– Net Banking

Your payment app must integrate all popular payment modes used in your target market. Offering multiple options in one unified interface adds convenience for customers.

You can also include global payment systems like Apple Pay or Google Pay to allow foreign transactions. As cryptocurrencies gain ground, that could be the next big addition to your payment app.

The more payment alternatives you offer, the more useful your app becomes for handling all types of transactions.

3. P2P Payments

Once customers have signed up, they should be able to instantly send or request money from other users on your platform. 

Allow users to transfer money to anyone in their contacts list or use a payment address/UPI ID. It should be as simple as sending a message on WhatsApp.

P2P payments enable use-cases like: 

– Splitting bills with friends

– Sending gifts or pocket money to family

– Paying a freelancer or home services

The easier you make P2P transactions, the more your payment app will get used regularly.

4. Bill Payments and Mobile Recharges

Managing recurring payments is another top requirement for your payment app.

Integrate the ability to pay bills from electricity to mobile, water, gas, broadband, etc. Send users automated reminders when a bill is due and provide one-click payments for registered billers.

Allow users to recharge their mobile, DTH connections, and data cards in a few taps. Synced biller accounts reduce the friction of manually adding a new biller each time.

Frequent bill payments and recharges will drive higher engagement with your app.

5. In-Store Payments  

For a payment app to truly replace a physical wallet, it has to work seamlessly for in-store purchases. 

Provide a tap-and-pay functionality using NFC so users can pay at retail chains and stores accepting contactless payments.

Additionally, allows the scanning of a QR code to make payments to small vendors or individuals. This should work even in offline mode without requiring Internet connectivity.

Facilitating in-store digital payments will make your app indispensable for customers.

6. Shopping and Offers

Since your payment app already stores the user’s payment instruments, extending it for in-app retail purchases is a natural fit.

Integrate a payment gateway so users can shop from within your app. You can earn revenue via merchant fees on these purchases.

To incentivize usage, partner with popular brands to offer exclusive deals to users paying via your app. Personalized cashback and coupons will delight customers. 

As the host platform, you can charge brands a promotion fee driving additional earnings.

7. Transaction History and Statements 

An essential need for a payment app is to track expenses and manage budgets effectively.

Provide an easy way for users to view their complete transaction history in one place. Allow them to search, filter, and tag payments for quick lookups.

Give users the ability to download statements in standard formats. You can also add a feature to email monthly statements as a handy summary of spending.  

Smart transaction management and insights will keep users engaged with your app.

8. Security

Security is an obvious concern when dealing with payments. Your app should implement rigorous measures to build trust and prevent fraud.

Add multiple layers of protection like MPINs, device binding, and location checks before approving transactions above a threshold. Allow users to instantly block all payment instruments in case of loss of the device.

Use biometrics like fingerprint or face unlock so users don’t have to enter credentials every time. Provide instant transaction alerts and let users report unauthorized payments with a single tap.

The more you highlight security features upfront, the more confident users will feel transacting via your app.

9. Rewards Program

A rewards program tailored to user needs will help increase sticksiness. 

Offer reward points on every purchase or transfer made via the app. Let users redeem points for shopping vouchers, air miles, movie tickets and more. 

You can provide personalized reward tiers like gold or platinum based on transaction history. Special deals and offers for elite members will delight your loyal users.

Gamifying rewards can drive engagement, retention and transactions in a win-win manner.

10. Support 

A payment app managing user’s hard-earned money requires robust customer support. 

Provide 24×7 support via call, chat or email. Maintain an extensive FAQ section with video tutorials to resolve common user issues.

Monitor transactions to prevent failures due to issuer downtime, insufficient funds etc. Assist users in raising refund requests or chargebacks in case of issues.

Set up dedicated teams to resolve complaints quickly and efficiently. Generating goodwill by going the extra mile will earn you positive word-of-mouth.

Conclusion

We have just discussed the top 10 must-have features your digital payment platform needs to provide the best user experience. The right set of capabilities can make your app indispensable for customers.

As consumer needs and technology evolve, you need to continuously enhance the app features. Seek direct feedback from users and keep improving the functionality.

With a stellar payment app that delights customers, you can build lifelong trust and habit. This will ultimately translate to increased transactions and revenue in the long run.

The time is right to build the payment app of tomorrow. Get in touch with our experts to start your digital payments journey today!

The Most Unusual Casino Games You’ve Never Heard Of

Josh Haines
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The Most Unusual Casino Games You’ve Never Heard Of

Casinos are known for classics like blackjack and roulette, but hidden gems exist beyond the mainstream. Some games defy expectations with bizarre rules, quirky themes, or unexpected origins. For players seeking novelty, Winspirit online pokies Australia offers a gateway to lesser-known options. Let’s explore the strangest casino games that rarely make the spotlight.

Key Facts

The gambling world thrives on innovation, and developers constantly push boundaries with unconventional concepts. From games based on ancient rituals to modern twists on chance, these oddities attract niche audiences. Here are some eye-opening statistics about rare casino offerings:

  1. Over 70% of players have never heard of “Dead Man’s Hand,” a poker variant with macabre rules.
  2. Only 12 casinos worldwide offer “Pai Gow Tiles,” a 1,000-year-old Chinese domino game.
  3. The obscure “Sic Bo Deluxe” sees a 300% higher house edge than traditional Sic Bo.
  4. In 2023, “Casino War” accounted for just 0.5% of global casino revenue.
  5. “Keno Deluxe” uses 120 numbers instead of 80, yet attracts 15% fewer players.

Why These Games Remain Hidden From Mainstream Play

Unusual casino games often fade into obscurity due to complex rules or regional exclusivity. “Pai Gow Tiles,” for instance, requires memorising 32 domino combinations, deterring casual players. Others, like “Dead Man’s Hand,” carry dark backstories—this poker variant is named after Wild Bill Hickok’s final hand before his murder.

Cultural barriers also play a role. “Sic Bo Deluxe” thrives in Macau but struggles in Europe, where dice games lack historical traction. Meanwhile, “Keno Deluxe” confuses players with its expanded number grid, despite higher jackpots. These games demand patience, limiting their mass appeal.

The Weirdest Casino Games Still Played Today

“Casino War” simplifies gameplay to a single card battle, yet its simplicity bores high-rollers. “Chuck-a-Luck,” a cage-based dice game, survives in fewer than 50 physical casinos globally. Then there’s “Banca Francesa,” a Portuguese favourite where players bet on three dice outcomes—barely known outside Lisbon.

Even digital platforms hesitate to host these oddities. Virtual “Pai Gow Tiles” games are rare, as coding the domino mechanics proves costly. Yet, niche audiences keep them alive. In Monte Carlo, high-stakes “Boule” (a roulette cousin with only 9 numbers) still draws elite gamblers.

While classics dominate, these unusual games add colour to casino culture. They remind us that gambling isn’t just about winning—it’s about storytelling, tradition, and sometimes, pure eccentricity. Next time you visit a casino, ask about the hidden menu; you might discover a game nobody else knows how to play.

Late Payment Crisis Threatens Stability of UK’s Small Business Sector

Claire James
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Late Payment Crisis Threatens Stability of UK’s Small Business Sector

Many UK small and medium-sized enterprises (SMEs) face a big problem: getting paid late. After finishing a project on time, they might have to wait weeks or months for payment. Between June 2023 and June 2024, nearly half (49.3%) of invoices from small businesses in the UK were paid late, up from 43% the year before.

When payments are delayed, it’s not just a minor hiccup; it can disrupt a company’s entire workflow. Money gets tight, employees might not get paid on time, and expansion plans are put on hold. Late payments can even push otherwise successful businesses to close in extreme cases.

Given that small and medium-sized enterprises (SMEs) form the backbone of the UK economy—constituting over 99% of all private sector businesses—finding a solution to this problem is significant.

So, what steps can UK companies take to shield themselves from the widespread issue of late payments? Let’s dive into this.

Understanding the Late Payment Landscape in the UK

Recently, late payments have become a problem. According to Quickbooks, SMEs have an average of £21,400 in unpaid invoices, and 62% report waiting for payments. This financial strain leads to a loss of £2.5 billion every year.

Several factors contribute to this widespread problem:

  • Power Imbalance: Larger companies often use their power to delay payments to smaller suppliers. 
  • Economic Uncertainty: Changing market conditions can lead to careful cash management, which can also cause payment delays. 
  • Inefficient Invoicing Systems: Using manual processes and lacking automation can result in administrative hold-ups.
  • Lack of Enforcement: Even though initiatives like the Prompt Payment Code are in place, participation is optional for many, leaving small and medium-sized enterprises (SMEs) feeling they have little recourse when dealing with larger companies.

Retail and hospitality, known for quick payments, have recently seen increases in late payment times. In retail, payments are now 5.5 days late, an increase of 3.1 days. In hospitality, payments are now 4.4 days late, an increase of 3.0 days.

The Real Cost of Unpaid Invoices

Delayed payments can lead to more problems than just money issues.

  • Cash Flow Disruptions: Delayed payments can make it hard for a company to pay its suppliers, employees, and other necessary costs.
  • Financial and Productivity Loss: Recent data from Rise Funding illustrates that overdue and unpaid invoices result in a staggering loss of £22,000 annually for SMEs and 56 million hours of lost productivity. Such a long period and financial cost is unreasonable for many small businesses.
  • Increased Borrowing: To cover cash flow shortages, businesses might turn to short-term loans, often with high interest rates. 
  • Stunted Growth: Limited funds can prevent investment in new projects, hiring, or expansion plans.
  • Mental Health Impact: The pressure of chasing payments and dealing with financial uncertainty can stress business owners and employees.

In fact, delayed payments are a big reason 50,000 businesses close annually in the UK.

Smart Strategies to Safeguard Your Business

Taking steps to prevent delays in payments can help reduce the risks involved. Here are some smart strategies to safeguard your business:

  • Set Clear Payment Terms: Ensure contracts include clear payment deadlines, penalties for late payments, and accepted payment methods.
  • Invoice Promptly and Accurately: Send invoices right after finishing a project or delivering a service. Check that all details are accurate to prevent disputes.
  • Leverage Technology: Use accounting software like QuickBooks or FreeAgent to automate invoicing, send reminders, and track payments.
  • Offer Incentives for Early Payment: Try offering discounts for early payments or adding late fees to encourage on-time payments.
  • Conduct Credit Checks: Check the creditworthiness of new customers before offering them credit terms.
  • Request Deposits or Milestone Payments: When tackling more significant projects, think breaking up payments into chunks at different stages to minimise potential problems.
  • Seek out professional help: Open communication is key to maintaining healthy client relationships and avoiding late payments. Do not hesitate to follow up as payment deadlines approach. A polite but firm reminder can often prevent delays. If everything else fails, enlist the help of a commercial debt collection specialist. This can not only hurry the recovery process, but also sends a strong message to clients that you’re serious about getting paid.

Building a Culture of Prompt Payment

While strategies and tools are essential, fostering a culture of prompt payment—both within your business and among your clients—can make a long-term difference. Start by setting the tone internally. Train your team to prioritise invoicing and follow-ups as part of standard operations. Encourage finance staff to build rapport with client counterparts, which can smooth future communications.

Externally, educate your clients on your payment expectations from day one. Make your terms visible—not just in contracts, but on your website, proposals, and invoices. Consider creating a simple “How We Work” document that outlines your payment process in a friendly, transparent way.

Ultimately, prompt payment culture is about mutual respect and professionalism. When your business champions this ethos, it not only reduces financial risk but also strengthens your reputation as a reliable, organised partner.

Conclusion

Late payments are a serious issue for small and medium businesses. They can harm cash flow, growth, and sustainability.

However, businesses can tackle this challenge by using effective strategies, adopting technology, and seeking professional help.

Take action to protect your profits and help create a healthier and more reliable trade environment.

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