At fumopay, we are rooted in servicing our community to consistently provide the best possible payment processes for our society. As a technology company, we cannot, and will not, sit still. We are constantly looking for ways to improve our services and ensure we bring you the latest functions to make your transactions even smoother. One of the many benefits of using fumopay is that it is customer centric, it puts your customer and their needs first, which improves your consumer conversion and builds brand loyalty. We hold ourselves to the same standard and prioritise you, our customer and your needs. With this in mind, we have made some key improvements to our business app, fumopay, strengthening our offer and providing you with even more seamless payment processes for you and your customer. As a multi-channel Authorised Payment Institution (API), we are learning that our most popular services are: Pay by Bank for online retail, and QR codes for Bricks and Mortar businesses. With this said, our appetite to improve on, and advance, these services know no bounds. Saying this, we would like to introduce you to one of the latest features; our customisable QR code function. This allows you, the Merchant, to pre-populate unique codes, providing you with the ability to bank a group of QR codes. This allows consumers seamless and rapid payment transactions, which is quickly becoming synonymous with the fumopay brand. Customising QR codes is simple: Log into your fumopay merchant console and go to ‘Profile’ Select the relevant Profile and click the ‘QR & Link’ tab Select ‘Customise’ and add the amount to be paid, and a reference Download as required At fumopay, we pledge to continue challenging the status quo and will not stop innovating new ways to improve payment processes for both consumer and merchant alike. Click here for our ‘how to’ video

With many businesses and consumers finally recognising the boundless benefits of fumopay Pay by Bank, Xero - the innovative and very widely used accounting software brand for businesses - have partnered with fumopay on a Pay by Bank option, allowing you to streamline your finances. The fumopay integration allows a payer to settle an invoice directly into the recipient’s bank account without the lengthy process of setting up as a new payee. This will then be immediately reflected in the business’ Xero software, meaning one can reconcile a payment instantly as ‘paid’ without the need to work out a monthly credit card remittance. Primarily catering for the SME community, Xero helps businesses consolidate transactions into one place, making it easier to see the overall financial landscape of the business. This integration with fumopay Pay by Bank furthers their offer by making payments immediate and takes out laborious reconciliation and the - often crippling - issue of late payments. Pay by Bank is an account-to-account instant payment transfer method that pays 100% of the invoice value directly into the recipient's bank account. Due to the customer having to pay using Strong Customer Authentication, there is not only a significant reduction in risk of fraud but there are no chargebacks after payment has been made - as is often the case with cards or cheque payments. Payments do not require cards or sharing of financial details, payees don’t even need to have an account with the merchant which allows ease for one-off or irregular payments. The fumopay Xero integration also means the vendor won’t need to spend hours reconciling monthly card transactions as this is immediately reconciled against the invoice. As with many ‘in the know’ businesses, Pay by Bank is growing exponentially and is fast becoming a preferred way of executing payment transactions due to its countless benefits for both payee and payor alike. To find out more about the Xero integration - please click here

SMEs are the lifeblood of our financial ecosystem and we stand with them. These can feel like uncertain times for startups and entrepreneurs. Ongoing problems with late payments are crippling small businesses as they try to juggle their balance sheets and fight cashflow challenges, all whilst trying to find ways to positively entice new consumers and build on their new business pipelines….not forgetting having to constantly find ways to prioritise customer experience and consumer retention. We hear you, we see you and we are here to help lighten the load. At fumopay, we understand that there might be some hesitation around implementing a new financial system - particularly for the time poor - but we are here to break down the list of game-changing benefits that cannot, and should not, be ignored by the savvy entrepreneur. Ultimately, card and direct debit payment processing can come at a high price; both in laborious admin and steep banking fees. What if you could substantially alleviate these issues and take back control of your finances? There are countless benefits to Pay by Bank but some might say those benefits are often cloaked in bewildering jargon. We hear you! We have broken down these financial advantages and extracted the financial abbreviations that so often cause more confusion…. So here we go: Faster: fumopay provides instant settlement taking the agonising wait for card and debit payments to clear. Lower fees: fumopay can save you up to 80% compared to card payments - yes, you read that right! Heightened Security: A significant decrease in card fraud is arguably the most celebrated element of Open Banking. Every purchase is subject to Strong Customer Authentication, i.e. the same approach to access your banking app which enforces this layer of security, both for the business and the consumer alike. Higher consumer conversion: fumopay prioritises customer experience and smooths-out the mobile first payment process. It removes the need to enter any card or bank data which heightens the customer experience, resulting in greater consumer loyalty. Admin: No more tedious manual inputting of customer information. Customer information is automatically there. Rest assured, your money is taken very seriously. There are extremely robust regulations around Open Banking which means that only authorised companies can provide these services and fumopay is one of those. fumopay is also regulated by the Financial Conduct Authority (FCA) which is a strict, financial services regulation body that keeps the finance industry safe and stable. You have enough to do, let us lighten your financial workload….Sign up as a Merchant here.