The U.K. government is considering reinstating its so-called “crown preference” policy in an effort to prioritize the collection of tax payments from insolvent small businesses....
A new report has revealed that invoice fraud cost U.K. businesses £93 million ($122.8M USD) last year. But despite the losses, more than four in...
Financial scams perpetrated against U.K. households and companies increased 16 percent in 2018, according to new data. The Financial Times, citing the trade body UK...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Xiaomi’s unveiling of its Mi Pay mobile payment service in...
The U.K. has been granted permission to retain its membership in the Single Euro Payments Area (SEPA) after it leaves the European Union (EU) later...
UK Finance Minister Philip Hammond said that a proposed rectification process to aid small businesses in disputes with banks is too easy on the financial...
Invoice fraud looms as a threat to businesses in the U.K., contends UK Finance, with thousands of fraud cases and tens of millions of pounds...
More people in the U.K. are paying with debit cards over cash for the first time. According to The Guardian, consumers used their debit cards...