If you feel like you’ve spent more than enough time in front of your computer working and video chatting, a new study from McKinsey suggests you’re not alone. The pandemic saw people adopting digital services for everything from groceries to banking to entertainment, but this new study reveals that with restrictions easing people intend to use digital channels less. Despite this, the digital world is an integral part of our lives that we can’t abandon even if we sometimes want to. Now is the perfect time to streamline your services focusing on increased security, ease of use, and efficiency so that you and your clients can enjoy the convenience of digital services without spending hours in front of the computer. Using Ordo, an innovative secure money transfer service, is one way to do this.
Keep data safe
The pandemic drove more individuals and businesses to use digital services to manage their money and data. Because of this, there has been an increase in digital scams. Just recently, the consumer protection organisation Which reported that £700,000 is lost to bank transfer scams every day. Most of this money is stolen through push payment scams (APP scams) where a victim is tricked into transferring money to a fraudster’s account. Although many banks have committed to reimbursing customers who are victims of APP scams, in reality reimbursement by banks is inconsistent. Digital transactions are here to stay, so protect you and your clients from scams by following these guidelines:
- Don’t send bank account information through email – scammers can intercept emails and alter the included bank account information, so your client mistakenly pays them instead of you. Instead, choose a secure money transfer service to request payment.
- Do deal with firms authorised by the FCA – The Financial Conduct Authority register can tell you what a business is regulated to do and their official contact information. It can also help you avoid businesses or individuals who have been reported for running scams.
- Do report scams – If you are the victim of a scam, don’t keep it to yourself. Make sure to report scams to your bank and Action Fraud UK.
Make it simple
The pandemic drove many people to begin using digital services because it provides greater convenience, but for those who didn’t switch, one of the main reasons given was that they found digital difficult to use. If you’re currently using digital services that are frustratingly complicated or cumbersome, it is time to opt for something simpler. Furthermore, now that people are getting out of the house and away from their computers, it’s important to make sure that your digital services are compatible with a mobile device.
Efficiency is key
A good digital service quickly completes time-consuming and repetitive processes, providing you with more time to slow down and enjoy other aspects of life. Now that we can step away from the desk and venture outside, it’s more important than ever to ensure you have software and apps that make your desk time more efficient. If you don’t have one already, choose an accounting software package that can take over some of your daily tasks by creating invoices, paying bills, calculating VAT, and generating reports. Selecting a payment app that is compatible with your accounting software can make reconciliation a snap.
If you’re feeling a bit of digital burnout, why not switch to Ordo? Ordo is the secure money transfer service that meets the needs for people who want the benefits of the digital world without the added screen time. It is secure, easy-to-use, and efficient. Ordo is the official payments Open Banking partner with Sage and is available in the Sage marketplace. Because it also works with Xero and Quickbooks, it can help reconcile your payments. You’ll know as soon as your client looks at an invoice and the instant it is paid. Plus, Ordo is secure and FCA authorised. Your client doesn’t need to download an app or reveal sensitive bank details; they only need to click a button to make a payment. Arrange a demonstration today and find out how Ordo can help you streamline your digital services.
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Ordo removes hassle & headache from payments, making getting paid easy. Ordo means reduced costs, immediate money transfer, automatically reconciled payments, invoice security, and happy customers. We’re FCA authorised (FRN836070), invested in by Nationwide Building Society, the former Faster Payments leadership team & CGI partners.