News & Insights
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
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...
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...
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Company News
PayOp Enhances Merchant Offering and Payment Methods
Clear Junction has recently partnered with PayOp to provide them with access to additional payment methods across the UK and EU. The new relationship will enable PayOp to improve its merchant offering and expand its client base in various countries. We are excited...
Clear Junction Shortlisted for EPA 2021 Awards
The Emerging Payments Awards is one of the most prestigious events for the UK payments industry. They celebrate innovation and collaboration within the community, so we are proud to announce that Clear Junction has been named as an EPA 2021 finalist for the...
Clear Junction stops processing transactions for Binance
Clear Junction can confirm that it will no longer be facilitating payments related to Binance. The decision has been made following the Financial Conduct Authority’s recent announcement that Binance is not permitted to undertake any regulated activity in the UK. We...