As more companies rapidly increase their businesses in scope and size, the need to cover more payments related to having staff and teams operating all over the world, hiring vendors in various countries, and expanding the use of services and products across a wider platform becomes a critical component of operations for businesses today. Handling what becomes known as a ‘mass payments process’ quickly becomes a highly complex and laborious task. There are different currencies, languages, and tax systems to consider, as well as other challenges associated with the technology…Read More
The Internet has facilitated how we can work together as a global business environment. It has offered the freelancers, entrepreneurs, and small business owners with a world of opportunity to expand their customer base. Technology like content management systems, instant messaging, video conferencing and more, make it easy to get customers and clients throughout the world. One part of the freedom in that equation to work and go global, is that it really creates a challenge in your payments system. The act of getting paid, or paying someone else for services…Read More
The Bank of England (BoE) have decided to take drastic actions to stop the UK entering a recession by cutting interest rates from 0.5% to 0.25% and pushing billions of newly created money into the economy. This is the lowest level interest rate cut in the institution’s history of 322 years.Read More
Theresa May has been appointed as the new Prime Minister of the United Kingdom, only the second woman PM in the history of the UK.
As she begins post Brexit there will be no time for May to relax as there are pressing issues to be dealt with as soon as possible.
She will need to appoint a team to lead the process of exiting the EU.Read More
At the first meeting of the EU Summit earlier this week, the UK Prime Minister David Cameron used his last meeting there to voice his disappointment that he failed to win his side of the referendum. However the EU leaders said there would be no turning back for the UK.Read More