Late Payments Sink Thousands of UK Businesses Each Year
Late payments are more than just a headache for businesses—they contribute to thousands of closures each year. Data from UK fintech Funding Circle estimates that roughly 14,000 businesses in the UK fail annually due to the knock-on effects of delayed payments—the equivalent of 38 closures every day. With around 280,000 businesses shutting down in the […]
Santander and Mastercard Pilot Agentic Commerce
An AI agent recently bought a T-shirt—an unassuming purchase that nonetheless marks two milestones for agentic commerce. First, the transaction took place in Spain, making it Europe’s first fully agentic payment. Second, it was processed by Banco Santander, the first time an agentic commerce transaction has been executed within a regulated banking environment. The trial, […]
ACH and the Path Toward Future-Ready Payments
ACH is a critical part of the U.S. payment infrastructure, driving a significant portion of transaction volumes and supporting important use cases such as supplier payments, payroll, and many others. Despite competition from newer rails that serve similar purposes, ACH continues to grow at a remarkable pace. In a PaymentsJournal Podcast, Radha Suvarna, Chief Product […]