Technology Sponsored by Technology Metro Bank targets SME growth with launch of direct debits for business customers Published: 21st February 2020 Share Metro Bank is introducing direct debit origination for business customers in a partnership with Bottomline Technologies. The new direct debit service for SMEs will be launched in the coming months, allowing business customers to create, automatically collect and manage payments via direct debit. Around 76% of regular payments are made by direct debit and more than 15% of small and 30% of medium-sized businesses accept direct debit as a payment method. The move is the latest innovation at the bank, which last year announced partnerships with Personetics, RMS Group Services, Funding Options, Conance, and DueDil. Paul Riseborough (pictured), chief commercial officer at Metro Bank, said: “We’re seeing real transformation in the payments industry and this needs to benefit smaller SMEs too. By removing the complexity of regular payments we can save customers vital time, that can better be spent running and growing their businesses.” Finance Connect Finance Connect brings you news and updates about UK and European auto, equipment and asset finance providers. Sign up to our newsletter Featured Stories TechnologyNETSOL highlights need for AI-driven workflows in equipment finance TechnologyNETSOL partners with Applicon to drive Nordic growth strategy TechnologyTFS Financial launches equipment finance programme for WEX customers
Corporate Member TechnologyLucero AI platform from VAMOS helps Haydock Finance deliver faster service to brokers
