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Is The Current Banking/Online Payment Infrastructure Fit for Purpose?

Everyone makes payments. Thanks to online banking, it is now so much easier to transfer money from one place to another. But while cash payments make sense to regular consumers, they don’t always add up for businesses.

In recent years, we’ve seen a number of service providers enter the frame and improve the ways in which cash is transacted. Stripe is among a line of groups that have developed a new standard in online payments. Their technology offers an easy way for money to be passed from consumer to business and vice versa.

Cash is effective at being able to transact money when the volume is at a low level. As that volume increases (e.g. when a business needs to send multiple transactions) the problems start to emerge.

Current issues

Businesses have flocked to services like Stripe and PayPal as a way of transfer...

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Introducing Intelligent Automation in Employee Benefits

When an employee is invited by their company to enjoy a new benefit, the value exchange between user and provider would appear straightforward.

A prompt to “save 10% on household goods“ could attract someone looking into a purchase for their home. The customer is then able to log into their company’s chosen platform, supply their details and redeem a reward, all within a few clicks of a button. 

What many fail to see is all the pulling and pushing that happens behind the curtain. It’s a process that is weighing hard on the agencies that supply companies with rewards.

Every business wants to engage and reward their staff members. It’s why staff benefits are high on their agenda. Thankfully, the market is now pack...

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Should Insurers Consider eGifting as a Smarter Replacement Method of Digital Reimbursement?

Insurers bear the brunt of billions of pounds in claims every single year. These companies make lots of small payments in huge volumes over the course of a typical day. Cash is the de facto method of settling these types of claims, and for good reason, too.

Cash is flexible; it gives someone the option of spending money whenever and wherever they like. Cash is very easy to transact (now via bank transfer) and settles claims within the space of a few working days.

If a claimant receives money to put towards replacing something that is lost, stolen or faulty, cash makes for an ideal way of resolving the case. Yet, only by going further into the process do you realise that cash is far from perfect, and can certainly be rivaled.

It’s our opinion that eGifting can make a huge play in the insurance industry: a space that has aimed to satisfy its customers through a process which makes little business sense.

The case for eGifting
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Welcome to the world WeGift GmbH

We’re excited to announce that the WeGift family is growing!

Continuing our on-going global expansion plans, we have opened a new office in Frankfurt, Germany, and we welcome to the world WeGift GmbH.

Headed by Mike Hennig, our EU Managing Director, WeGift GmbH will support our European customers and further our services for our globally-operating customers.

Alongside this, WeGift’s brand portfolio is continuing to grow, providing local eGifts across more markets and offering easy access to a broader range of brands for all of our customers.

There are a great variety of well-loved household brands already on-board, with many eGifts available to purchase now. From events and experiences, with the likes of Ticketmaster and Inspire Travel, to fashion, with brands such as Zalando, House of Fraser and Debenhams, we have eGifts to suit every customer. Also available are web stores, supermarkets and department stores, including Ama...

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