In recent years, credit and debit card payments have become increasingly more expensive and in turn, the less preferred payment method for many businesses, due to the unfair surcharges from Visa and Mastercard.

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Consumers expect faster, more contactless payment methods, but these come at a high price for many businesses, particularly when processing payments of higher value.

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Open Banking is the revolutionary way for consumers to pay for products and services, utilising the Faster Payment Service alongside ‘Pay by Link’ technology.