Households in the UK are being hit by a triple whammy of high inflation, rising interest rates and soaring energy costs. As a result, banks are seeing thousands of customers stopping direct debits for ...

The dominant use of direct debit to make payments could diminish when UK consumers are offered more control of recurring payments from July through open banking-based variable recurring payments (VRPs ...

The world of consumer banking received an innovation boost when the EU regulation PSD2 enforced the rails for Open Banking. This disruptive force offers new ways to streamline payments and is ...

TSB has apologised after it cancelled some former customers' direct debits and mistakenly told the firms they were paying that they had died, MoneySavingExpert can reveal. Several former TSB customers ...

Addressing the customer's enquiry, Lloyds explained that "the switch incentive takes up to 40 days to be paid if you have ...

Amanda has written in the personal finance space for several years and previously worked as a risk analyst at a local community bank. She researches economics, emerging financial trends and the future ...

Sainsbury's Bank credit card-holders have been hit with late payment fees after the bank changed its direct debit procedure and gave customers incorrect information about how the new system worked, ...