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What is Faster Payments? A Complete Guide

What is Faster Payments? A Complete Guide

The Faster Payments Service (FPS) is an extremely popular method of making fast, effective and reliable payments in the UK. As the name suggests, payments made through FPS are much quicker than other methods, particularly if both the sending and receiving bank are...

What Are NFTs? Non-Fungible Tokens Explained

What Are NFTs? Non-Fungible Tokens Explained

Non-fungible tokens (NFTs) are units of data that are stored on a blockchain. This essentially guarantees that a given digital asset is unique and cannot be interchanged with something else. In recent times, there have been several reports of some NFTs being sold for...

Why London Remains at the Heart of European Fintech

Why London Remains at the Heart of European Fintech

London has long been known as the financial capital of the world, despite the presence of other major hubs across the globe, such as New York, Hong Kong and Frankfurt. Here, we look at why London remains at the heart of European fintech in particular and whether this...

VIRTUAL IBANS: EXPLAINER

VIRTUAL IBANS: EXPLAINER

Virtual IBANs are one of the many payment solutions that Clear Junction provides access to. Indeed, they rank among our most popular and readily utilised services and it is easy to see why: virtual IBANs help banks and financial institutions reduce costs, increase...

What is Bacs? Complete Guide to Bacs Payments

What is Bacs? Complete Guide to Bacs Payments

Bacs (or BACS) is an acronym that stands for Bankers’ Automated Clearing System. Put simply, it is a network of banks and building societies that are part of the Bacs payment services scheme and is a convenient means for businesses to make electronic payments directly...

Brexit and SEPA Payment Transactions

Brexit and SEPA Payment Transactions

As people increasingly live and work across borders, there is a greater need for money to move freely too. But what happens when the nature of one of those borders changes? Here at Clear Junction, we have noticed that since the UK departed from the European Union...

Latest Posts

The 2022 Digital Currencies 360 Event

The 2022 Digital Currencies 360 Event

The Clear Junction team recently attended The Payments Association’s Digital Currencies 360 event that took place at the Business Design Centre in London on 22 March 2022. By all accounts the event was a huge success and testament to the recent evolution of digital...

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The History of Cryptocurrency

The History of Cryptocurrency

In a little over a decade, we have gone from the creation of the first decentralised cryptocurrency to a market that is now worth more than $3 trillion. So, how did we get here? In this blog, we try to answer that very question by tracing the history of...

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The History of Paper Money

The History of Paper Money

With the world increasingly moving to cashless and contactless payments, the use of paper money is dwindling fast. But how many of us have thought about how the use of paper money came into being in the first place? Here, we take a look at the history of paper money -...

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