The ecommerce economy has been growing rapidly in the UK and the EU in recent years, driven by factors such as changing consumer behaviour, technological advancements, and the COVID-19 pandemic.
Open Banking and beyond by Fena
With the proliferation of digital technologies and the growing preference for online shopping, businesses are increasingly embracing technology to enhance their operations and stay ahead of the curve.
In this article, we will look at some of the key ways in which technology is helping ecommerce businesses to grow in the UK, with a focus on marketing tech, paytech, fintech, logistics and automation.
Fena and DMS Navigator Announce Strategic Partnership to Revolutionise Payments in Automotive Dealer Management Systems
Fena, a leading provider of Open Banking payment solutions (https://fena.co), and DMS Navigator, a top dealer management system provider (https://www.dmsnavigator.com/), are excited to announce a strategic partnership that will transform the way payments are processed in the automotive industry.
This report delves into the changing dynamics of B2B buying behaviour, highlighting the key drivers of change and providing examples of firms that have adapted to these new trends.
What factors to consider when looking for payments for your ecommerce store?
When launching an ecommerce store, one of the most critical decisions you'll have to make is how customers will pay for their purchases.
7 million users of Open Banking in January 2023. Do ecommerce businesses take advantage of this method of payments?
As of January 2023, there are reportedly over 7 million active users of Open Banking in the UK, indicating a growing trend towards the adoption of this technology.
With the persistent inflation and rising costs of running a business, more and more wholesalers are looking to optimise their operational costs.
6 tips for SMEs to fight rising costs of running the business
SMEs face many challenges, including rising costs of doing business.
How to sell at events and farmers markets - The B2B and B2C edition
Events and farmer markets are great opportunities for businesses to showcase their products and attract new customers.
Open Banking payments are a new way of making and receiving payments for goods and services that allows individuals and businesses to securely move money between their bank accounts without exchanging any bank details
For banks, the CBD sector is seen as "high-risk", resulting in high fees and poor accessibility. To learn how open banking can help, see here.
5 Reasons to Add Account-to-Account Payments for WooCommerce
Open banking is the #1 solution for account-to-account payments on WooCommerce. Want instant settlement, low transaction fees, and secure payments? See here.
With the current inflation rates, running a business is becoming more difficult. To reduce this burden, read these 5 tips on how open banking can help.
Invoice payments are crucial to customer experience. For B2C customers, the customer experience is usually good, but for B2B it’s very different. To understand how you improve this, read here.
Open Banking has forever changed how we perform payment transactions. The wholesale industry can also benefit from the multitude of features. Here’s how.
Open Banking: How Accountants Can Improve Payment Collection
Are you an accountant that consistently doesn’t have enough time? Boost your efficiency with open banking. To find out how, read this comprehensive guide.
Topping up an investment account has never been easier with open banking payments. Read this to learn how to use open banking for investment apps.
Stay compliant with Open Banking: Everything You Need to Know
It hasn't been long since PSD2 got introduced. Read this post to understand the core requirements for open banking compliance. We detail everything from A-Z to guarantee compliance.
Since open banking was legally enforced in 2019, it’s changed how we can move money. To learn more about how it could help you, see here.
Over the phone payments are becoming more and more popular. Since the PSD2 was introduced, open banking has significantly changed the way we do this. Here’s why.
Latency problems when investing can be the difference between profitable and unprofitable trades. Avoid this by using open banking for investments; here's how.
The open banking benefits for accountants are unbelievable but not utilised enough. In this post, we detail bonuses accountants can receive from open banking.
Invoice payments can become difficult to reconcile in an accounts office without an adequate procedure. Open banking simplifies this process. Here's how.
If you own a second-hand car dealership and are looking for a smooth payment transaction option, open banking can help significantly. Here's how it can help.
Open banking for payments is an innovative way for businesses to trade goods and services without the need for traditional means like paper checks or bank transfers.
Open Banking Payments: How to Reduce Transaction Fees on eBay
Whether you're a one-off eBay seller or subscriber, you'll pay substantial payment processing fees. To discover how open banking payments can help, see here.
How Doctors and Dentists Can Take Advantage of Open Banking Payments
Are you a doctor or a dentist with your own practice? Then you're probably familiar with the high transaction fees and slow settlement. Open banking can help. Here's how.
The QR code is a symbol that was developed in Japan, and it has been used in various parts of the world for over 20 years.
SMEs play a considerable role within the British economy, but [20% fail within the first year](https://www.ictsd.org/what-percentage-of-businesses-fail-in-the-first-year-uk/) of establishment. The primary culprit for these businesses failing is inadequate cash flow.
The Benefits of Open Banking for Merchants Utilising SoftPOS
Contactless payments have become an increasingly popular method for paying for goods and services in the last few years, especially so in response to the COVID-19 pandemic.
Open banking is a rapidly emerging payment method for ecommerce.
A chargeback, unlike a refund, occurs when a customer requests their funds to be returned to them by filing a claim with their issuing bank or credit card company.
Paired with digital wallets, open banking payments provide a seamless way of moving money around and between accounts.
Pros and cons for account-to-account payments for ecommerce
Open banking promises to bring major, and beneficial, changes within the banking and payments ecosystem.
Open banking is a term that refers to the open access of banking services to regulated third parties via Application Programming Interfaces (APIs).
Recently, Amazon announced that they will stop accepting Visa Credit cards in the UK, with the change set to kick-in on 19th January 2022. But why is this?
Have you ever stopped to think about how card payments work and where the money goes?
Account-to-Account (A2A) payments are, quite simply, payments made by moving money directly from one bank account to another without any intermediaries.
It’s a new dawn, it’s a new world…. In the evolution of payments.
The legal and financial world are full of acronyms. And, PSD2 is one of them.
Our Invoice Request product has been updated with new features recently.
We released a new update to the Transactions tab on the Merchant portal.
When setting up your new integration or managing the existing one, you can now customise the background of the payment page, add your logo and change the colour button for the checkout button.
fena now offers a new feature for merchants.
Using Open Banking via fena, customers initiate a payment to a merchant or corporate using their mobile banking app or online banking webportal, in exactly the same way that they would pay with bank transfer.
How to connect an NFC card/QR code to your fena Merchant app
Your customers pay with the bank when they scan a QR code or tap on an NFC card.
After completing your registration for a fena Merchant account, you can start taking payments using the fena Merchant App.
fena's new look for the spring