Our latest publications on payments, product updates, guides, and more.
The complexity and CapEx of building a payment automation software
November 23, 2022
As companies with payments at the core of their product or operations scale, so do their volumes of payments. When this happens, they often decide to replace their payment service providers or bank connectivity software with direct bank integrations. In this article, we break down the different components of an in-house bank integration and payment automation software. We then look at the development, maintenance, and hidden costs associated.
How Numeral supports SEPA instant payments
November 18, 2022
The Numeral platform supports SEPA instant payments, in addition to regular SEPA credit transfers as well as SEPA direct debits. Companies can use the Numeral API to integrate SEPA instant payments into their products and build user experiences that leverage real-time, irrevocable payments.
The main differences between SEPA Direct Debit Core and B2B
November 17, 2022
SEPA Direct Debit Core and SEPA Direct Debit B2B both enable regular payments for recurring obligations such as bills, rent, and subscriptions. Functionally, both payment methods are similar but with key distinctions in the direct debit mandate management and refund timelines.
SEPA messages: what are they and how do they work
November 10, 2022
What kind of SEPA messages exists? What are their syntax and format? How ISO 20022 sets the standards of messages used by SEPA direct and indirect participants?
Our October changelog
November 7, 2022
This October, we expanded our payment methods coverage for SEPA indirect participants, with the support of SEPA instant credit transfer.
How instant payments will change insurance
November 3, 2022
Claims are when the true value of insurance is realised for policyholders. And 53% of them are willing to change insurance company to receive claim payments instantly. In this article, we deep dive into the innovations instant payments unlock for the insurance industry, and the challenges of implementing instant claim payments.
Local payment schemes in the UK: CHAPS, BACS, FPS and ATP explained
November 1, 2022
Though the United Kingdom is within SEPA, the UK relies extensively on local payment schemes because its currency - the pound sterling – is not supported by the SEPA schemes. In this article, we explore the UK local payment schemes function and how they compare to the equivalent SEPA schemes.
Why successful fintech companies are leaving their BaaS providers
October 25, 2022
BaaS providers have been instrumental in the launch and growth of many fintech companies. The fintech ecosystem might not be as flourishing as it is today without the BaaS providers. But BaaS providers have some constraints and the most successful fintech companies end up leaving them. Discover why in this article.
SEPA payments by the numbers
October 20, 2022
How do SEPA payments compare to other common payment methods in the eurozone? How quickly do the newer SEPA methods progress in the area?
R-transactions for SEPA indirect participants
October 14, 2022
In addition to regular SEPA payment flows, SEPA indirect participants have access to additional payment flows. These flows are known as R-transactions.
The challenges companies face when building bank integrations
October 6, 2022
This article shares our learnings on the challenges of building direct bank integrations. We also outline how an API-first connectivity solution can help accelerate bank integration projects, prepare companies for the future, and transform high upfront investment costs into predictable variable costs.
Our September changelog
October 4, 2022
In September, we’ve doubled down on reconciliations by introducing a customisable reconciliation engine, and started supporting the EBICS protocol.
The different stakeholders involved in SEPA
September 30, 2022
In this article, we outline the key organisations behind SEPA. We examine the role each organisation plays and look at how those actors involved in a SEPA payment fit together under SEPA’s four-corner model.
The different SEPA payment schemes
September 22, 2022
The first SEPA payment scheme was introduced in 2008, called SEPA Credit Transfer. Since then, SEPA’s functionality has since expanded significantly. Today, SEPA also offers instant transfers, direct debits for consumers and businesses, and the ability to request a transfer.
Common characteristics of a SEPA payment
September 19, 2022
SEPA payments are highly standardised, with scheme rules set by the European Payments Council (EPC). Though every SEPA scheme has unique characteristics, there are five characteristics common to every SEPA payment.
SEPA, its history, and its members
September 14, 2022
Since 2008, the Single European Payments Area (SEPA) has made euro-denominated bank payments simpler and faster. In 2021, SEPA payments accounted for more than 95% of all bank-based payments in the European Union, with the SEPA zone now including 36 countries. But what exactly is SEPA and what is its history? In this article, we will outline what SEPA is, how SEPA came into being, and explain how SEPA works.
Our August changelog
September 7, 2022
August has been a busy month, with the addition of SEPA direct debit as a new payment method as well as the support of counterparties.
How Numeral creates value for our banking partners
August 25, 2022
Banks are essential partners to companies and the most reliable and cost-effective way to send and receive large volumes of payments. This article explains how Numeral facilitates and accelerates this process for both companies and banks. Numeral helps companies scale their payment operations and banks to attract and retain strategic customers.
Payment orders and the lifecycle of a payment
August 10, 2022
Payments are key to the operations of companies across a number of industries such as financial services, insurance, real estate, or temp work. Yet, scaling payment operations is complex and error-prone. In this article, we explain how Numeral abstracts the complexity of initiating, tracking, and reconciling payments by capturing the entire lifecycle of a payment in a payment order.
Our July changelog
August 1, 2022
This month, we are excited to announce the launch of SEPA instant credit transfer as a new payment method as well as our new automated reconciliation engine.
Opening Numeral to new customers
July 6, 2022
Today, we are excited to announce that we are now ready to open the Numeral platform to customers, 12 months after my co-founder Hichem Mâalmi and I officially started working on Numeral with Logic Founders and Camille Tyan and 6 months after our Seed funding round.
Our June changelog
July 4, 2022
This month, we are happy to announce that we are now fully supporting SEPA indirect participant payment and related flows, starting with BPCE Payments as our first SEPA sponsor bank connected to the platform.
Our May changelog
June 2, 2022
This month, we are excited to announce the launch of reconciliations as a new building block to our platform as well as expected payments as a new type of payments.
Our March changelog
April 4, 2022
This month, we have added support for account transactions and balances as well as virtual account numbers.
Our February changelog
March 2, 2022
We are happy to announce the launch of our platform and first bank integration with BNP Paribas, initially supporting SEPA credit transfers.
January 10, 2022
Payments are the lifeblood of the economy. When companies grow, handling payment operations manually becomes a real challenge. Numeral removes the complexity of bank integrations and payment automation - allowing you to scale with confidence and focus on your next big thing.
Announcing Numeral and our €13 million first round of funding
December 21, 2021
6 months ago, my co-founder Hichem Mâalmi and I started working on Numeral within the fintech startup studio Logic Founders to build the best payment automation platform for tech companies. Today, we are coming out of stealth and are excited to announce our product, first customers, €13 million first round of funding led by Balderton Capital, and plans for 2022.
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