Optal
Optal is a London-based company and Europe’s seventh fastest growing company. We are the only FinTech specialist ranked in the Top 10 of the new FT1000 list, and rated as one of the 1,000 most inspirational companies in Britain by the London Stock Exchange Group. As a strategic partner of Mastercard, we process in excess of $10bn in payments globally, providing end-to-end B2B payments services for multiple sectors.
Optal’s effortless, secure payments process enables highly efficient supplier payments anywhere in the world, using Virtual Account Numbers (VANs). These automatically generated, single-use 16-digit account numbers are safe, secure and convenient. They’re also the cornerstone to the numerous financial benefits our digital payment platform delivers.
All content by Optal
Under the radar: Why scammers get away with corporate APP fraud
APP fraud is a trend that’s starting to worry businesses across the country. However, the truth is that scammers often get away with it by focusing on hijacking smaller payments to mid-tier suppliers. This article highlights why APP fraud scams often fly under the radar.
Why APP fraud could hit corporates hard
Authorised push payment (APP) fraud occurs when a fraudster tricks a consumer or business into making a payment to an account under their control. This article focuses on the emergence of APP fraud, why businesses are vulnerable and the steps they can take to mitigate the risks.
Pushing back on payments fraud
One of the most common fraud vectors today and greatest vulnerabilities is push payments, with APP fraud losses totalling £354.3 million in 2018. This whitepaper sheds light on the emergence of APP fraud and how technology can counter the rising risk in push payments.
Automation: The key to unlocking value from B2B payments
This guide highlights how insurers can leverage automation tools to minimise their operational costs, improve the customer experience and maximise profits.
Three ways to keep your suppliers on side
B2B payments are a key part of any business, but until now the sector has been relatively untouched by innovation. This blog highlights why it’s time for insurers to look at alternative payment methods to ensure their suppliers are paid quickly, easily, accurately and on time, every time.
Why it's time for insurance companies to adopt a cheque replacement strategy
For many insurers cheques are still a key part of the B2B payments process, yet the truth is that this venerable payment mechanism is past its sell-by date. This article highlights why insurance bosses need to invest in replacing this outdated process with innovative new platforms.
The need for payment alternatives is now
Against a backdrop of uncertainty, this eGuide focuses on why businesses need to find alternative payment methods today. Topics covered include the essential requirements of payment alternatives, how CFOs can tackle supplier payment challenges and create smart working capital.
Do you have a VAN plan? Four steps to bringing alternative payments into your business
Businesses need a radical rethink when it comes to something that should be simple: their payments processes. This content looks at how Virtual Account Numbers (VANs) allow businesses to gain immediate buyer and supplier control, while removing friction from the payments process.
Optal VANs success stories: How VANs work for customer, business and supplier
This content features four stories that demonstrate how Virtual Account Numbers (VANs) eliminate some of the biggest frustrations in B2B payments for four different user groups: insurance customers; Data Protection Officers; suppliers; online marketplaces.
Insurance spotlight video: How can insurers digitise the claims journey?
Insurers are facing a number of challenges, forcing them to do more with less. Digital transformation is key but stops at claims payments, however this is set to change. Watch this video to find out how insurers can digitise the end of the claims journey by optimising processes.