Sbc cashflows5/29/2023 This cookie is set by GDPR Cookie Consent plugin. Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category. YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data. The purpose of this cookie is to store whether or not the user has given consent for cookie usage. This cookie is set by Windows Azure cloud, and is used for load balancing to make sure the visitor page requests are routed to the same server in any browsing session.Ĭf_clearance specifies the duration our website is accessible to a visitor that successfully completed a previous Captcha or JavaScript challengeĬloudflare sets this cookie to improve page load times and to disallow any security restrictions based on the visitor's IP address. This cookie, set by Cloudflare, is used to support Cloudflare Bot Management.ĪRRAffinity cookie is set by Azure app service, and allows the service to choose the right instance established by a user to deliver subsequent requests made by that user. These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. Reducing team turnover will be crucial for keeping operational costs low throughout a challenging economic period.” ![]() This is important for businesses of all sizes – from the smallest to the very largest – but is essential to ensure commercial success and team satisfaction. “Equally, employers have an opportunity to ensure that their employees have the appropriate training and support to be able to thrive in their role. “Our research makes it very clear that the PSR is right in its ambitions to increase transparency and make it easier to directly compare payment service providers and their solutions. SMBs are the backbone of the British economy, and it’s vital that their payments partners are actively supporting them, as well as providing unbiased, educational resources that demystify our increasingly complex industry. ![]() “Unbiased education” is needed for all employees in the sector, according to CEO Hannah Fitzsimons, as 46% of them claim they are unable to directly compare different payment providers due to different jargon being used by each one.Ĭashflows also noted that this reflects the lack of transparency in financial roles identified by the Payment System Regulator (PSR) earlier this year, where 100% of all participants in a survey reported workplace troubles due to the same reasons.įitzsimons said: “The findings of our research into the ‘People Behind Payments’ are a cause for concern. One key factor in this, said the company, has been the increasing level of complexity in the payments industry, which presents a challenge for decision makers who are trying to keep up with legislation. This, warns Cashflows, could create a problem for the payments sector, opening the floodgates to a wealth of talent exiting the industry. ![]() However, when asked to put in order the payment value chain so that they can illustrate how a transaction is handled, 96% have reportedly failed to do so.Īnother issue appears to be the uncertainty of respondents about future prospects in their current role, with almost half (43%) thinking about moving on in the next year. The firm’s ‘ People Behind Payments’ research surveyed a total of 250 high level individuals within UK SMBs about their understanding of the payments industry, of which 72% claimed to be confident in their knowledge of the sector. In its latest overview of the UK payments industry, payment acceptance platform Cashflows has revealed there might be a knowledge gap within the sector.
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