Deliver the best UX
Discover other data solutions that amplify your application engagement and take your user experience to the next level.
recurring payments intelligence
Identify and track every recurring payment
Recognise every recurring payment, subscription or direct debit and provide your analysts and customers control and predictability.
Push financial transparency and control to next level
The amount of automated payments, their frequency and regularity can be hard to control for many people and can even put them in a difficult situation.
Help your customers stay on top of their finances by giving them a clear view of their recurring payments, subscriptions or direct debits, while predicting their future spending and ability to meet their financial obligations.
Forrester estimates subscription-related disputes alone cost banks $136 million per year. Recurring payments go far beyond streaming services.
Why to identify every recurring payment?
Join digital banking leaders
Provide value-added services and meet evolving customer needs and offer features that turn your app into a proactive financial partner.
Predict your clients' expenses
Gain a clearer understanding of clients' recurring payments and monthly outflows and leverage subscription data to deliver tailored financial recommendations and offers.
Support financial wellness
Reduce losses due to your clients’ inability to fulfill their financial obligations and use insights to guide customers toward smarter spending and saving habits.
Give clients more control
Elevate financial transparency for your clients with comprehensive insights into recurring charges and help users easily manage and cancel unwanted subscriptions.
How to get recurring payments under control?
Track all periodic expenses
Take advantage of highly detailed labeling based on a combination of values up to the store level.
Tapix recognises recurring payments from one-time payments on a single terminal.
Identify payment frequency
Utilise knowledge of payment frequency to predict and understand future financial outflows
Monthly
Quarterly
Yearly
Become a reminder fairy
Notify clients of upcoming recurring payments—whether or not they’re set as standing orders.
Merchant name
Next billing date
Next billing amount
solutions
Eco Track™
Raise carbon literacy through education and motivation with CO2 calulations and Eco Tags & Eco Tips
Mastercard mandate compliance
Meet all the requirements of AN 4569 Revised Standard
Clear transaction history
Fuel digital transactions with accurate merchant insights
ATM Nearby™
Provide the best possible experience to clients when searching for a place to withdraw money
Be a step ahead
Industry insights
Why MCC codes do not help (much) with payment categorization
We decided to provide our insights into the power of strictly MCC-based categorisation and its limits. Categorisation is important for credit risk scoring and it is the basis for Personal Finance Management tools. When we analyzed our categorisation with MCCs, we saw that only 53% of transactions could be easily and reliably categorised based on their MCC code. Let's look at the most frequent problems we identified that make MCC usage more difficult than it may seem at first glance.
Product insights
How to Detect Gambling in Digital Banking
It often starts small. A customer moves money into their Skrill account - nothing unusual. Just a simple transaction in the background of an otherwise quiet banking day.
Industry insights
Responsible Banking Done Right: The Top 5 Banks and How They Lead
In recent years, more and more banks and financial institutions focus on sustainability as a core component of their operations. This shift towards responsible banking (also known as ethical banking) is mostly a response to the pressing global challenges of climate change, social inequality, and environmental degradation.
Switch to Tapix today!
Explore how Tapix can help you get the most from transaction data, increase your app engagement and turn UX into your competitive advantage.
