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A Closer Look at Safeguarding in Regulated Institutions

A Closer Look at Safeguarding in Regulated Institutions

At Nuapay, all our GBP funds are safeguarded in real-time in accounts at a UK credit institution.   As soon as any funds are received into our accounts, we make an equivalent transaction moving the money into designated safeguarding accounts that are held with our clearing bank.  Given the nature of our accounts, this is done automatically as soon as the money is received. 

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Throw the card in the bin – mobile payments with open banking

Throw the card in the bin – mobile payments with open banking

Nowadays everything seems possible with technology.  Innovation has opened up a digital age and things like carrying around a wallet full of cards are becoming a thing of the past. As tangible wallets inch closer to ‘old fashion’, mobile payment solutions are becoming more common. 

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SCA – can I make the problem go away?

SCA – can I make the problem go away?

Strong Customer Authentication (or SCA as it is known) was introduced as part of the European PSD2 regulations.  The card schemes are implementing SCA with upgrades to their 3DS payment solutions.  The problem with this is that it requires additional implementation effort for most merchants and, as with everything to do with the card schemes, additional costs.

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The powers of Open Banking for refunds and pay-outs

The powers of Open Banking for refunds and pay-outs

The benefits of Open Banking as a payment (pay-in) mechanism have been well spoken about – it provides merchants with a fast, secure and cost-effective option to accept funds from customers. Less well spoken is the potential for Open Banking to power outgoing payments – whether that be simple refunds to customers (e.g. in eCommerce),…

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Open Banking used for safe, secure and instant charity donations

Open Banking used for safe, secure and instant charity donations

Through our partnership with the innovative technology company Thyngs, we are making Open Banking more widely available, while helping charities to increase their non-cash donations. Last week, Nuapay announced its partnership with mobile technology platform,

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