Blog

Why London Remains at the Heart of European Fintech

by Paul Redmond | May 28, 2021 | FX

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

by Paul Redmond | May 12, 2021 | Payments

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

by Paul Redmond | Apr 21, 2021 | 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

by Clear Junction | Mar 30, 2021 | Virtual IBANs

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...

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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 -...

Overcoming the challenges you’ll face as an acquirer

Clear Junction has developed a range of banking and payments solutions to help acquirers overcome many of the challenges they face. As acquirers operate within a typically neglected sector, the experience, understanding and expertise our team brings helps them receive...

What are CHAPS payments?

The Clearing House Automated Payment System (CHAPS) is one composed of more than 30 direct participants and over 5000 financial institutions. Here, we take a look at the history of CHAPS, who it is designed for and the benefits of one of the most popular high-value...