Through this collaboration, Answer Pay and The Money Carer Foundation conducted the first live transactions for Request to Pay. According to officials, the service intends to introduce to the UK bill payment flexibility to individuals who face difficulties due to the cost-of-living crisis. By joining forces, the two companies aim to improve financial management for vulnerable adults by introducing several additional features and capabilities, including:
No-code integration with British Gas, simplifying the company’s operations by offering a convenient integration experience in collecting payments;
Protection against authorised push payment fraud with enhanced security measures that ensure bill payment requests are pre-validated;
Streamlined financial management for deputies, attorneys, and appointees through Money Carer’s banking and payments platform Monika, with the feature providing oversight for an accessible approach to managing the financial affairs of vulnerable adults;
Biller directory which allows consumers to enrol with new billers through their payment app, with the process not requiring ID sharing and offering a secure and private solution for users.
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