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Why digital transformation matters

The way we make and receive payments is changing. Speed and accuracy are now expected and it’s no longer enough to rely on regulatory changes.

The world of business payments is moving at an increasing speed towards a digital world where documents link to the payment transaction and an Open Banking world where visibility and real-time activity is the new normal. It is the beginning of the end of an era for analogue mindsets, or as the optimist may conclude, the end of the beginning for a smarter world of business payments in the UK.

How can PTX help with digital transformation in your business?

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Streamline experience

Allow customers to sign up online and choose their favourite way to pay - whether that’s Direct Debit, card or directly from their
bank account.

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Streamline payments

Reduce manual tasks and the risk of human error. Remove the need for POS terminals or paper mandates and automatically generate AUDDIS files.

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Streamline data

One single view of your bank accounts with the ability to export .CSV files in the same format for easier back-office reconciliation.

Why PTX?

64% of financial decision-makers cited mobile payments technology as a major influence on payment processing.

Source: 2019 Business Payments Barometer

Want to learn more?

Introduced in response to the global financial crisis in 2008, the New Access Model was designed to remove barriers and create a level playing field for smaller/challenger financial institutions and PSP’s to connect to Faster Payments.

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video time: 15:32 video title: 12 Real Time payments - The need for speed
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