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Open Banking: HM Revenue and Customs Selects Ecospend to Build Out its Digital Payments Infrastructure
HM Revenue and Customs revealed on February 3, 2021, that Open Banking service provider
Ecospend has been selected to build-out its digital payments infrastructure.
In September 2020, HMRC had placed a £3 million contract out to tender in order to upgrade the group’s bank transfer processing systems for payments, with the possibility for more Open Banking integrations in the foreseeable future.
Ecospend’s management stated that their solution has been developed to allow taxpayers to initiate an account-to-account payment without having to manually set up the payments process. So there’s no need to deal with reference numbers, which could result in considerable time and cost savings, and make the process less error-prone. ....

United Kingdom , Metin Erkman , Ecospend Technologies Ltd , Open Banking , Quantum Employment Design , Open Finance , Quantum Workforce , Professional Employer Organizations , ஒன்றுபட்டது கிஂக்டம் , திறந்த வங்கி , குவாண்டம் வேலைவாய்ப்பு வடிவமைப்பு , திறந்த நிதி , குவாண்டம் தொழிலாளர்கள் , ப்ரொஃபெஶநல் முதலாளி ஆர்கநைஸேஶந்ஸ் ,