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Swim school operators: should you be using Direct Debit?

If you manage a swimming school or run swimming lessons as part of your leisure operation you’ve probably already considered Direct Debit. Everyone else is doing it, right? But is Direct Debit the best collection avenue for your business? Do you even want to migrate to Direct Debit? Your first question might be… Why should […]

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Unscrambling the membership management puzzle in the digital age

Those of us who’ve been in the fitness game for a long time might remember the faff of administrating membership payments. I certainly do. I remember the arduous setup. The gruelling form-filling. The cumbersome management processes. The storage snags. Hooray for digital, I say. At DFC, Direct Debits are our forte. But we certainly wouldn’t […]

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How fintech is revolutionising the financial world

The word ‘fintech’ pops up regularly in conversations centred on innovation, trade, finance and disruptive technologies. But don’t be fooled, it’s not just a buzzword. According to Accenture investment in fintech increased from $930 million in 2008 to more than $12 billion by early 2015, and is growing by the hour. What exactly is fintech? […]

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Will we still have SEPA after Brexit?

At the time of writing, Brexit negotiations are still very much up in the air. One arm of the political throng is poised to steer the UK down a path that will see us maintain a close relationship with the EU, whilst the other is adamant that Britain will leave without such an agreement. At […]

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Reducing membership churn for your gym

The fitness industry is booming. One in seven people across the UK now possesses gym membership. Despite this, a report from Mintel found that gyms lose around 50% of their members each year. Membership churn, also known as attrition rate, is a growing problem for long-established gym chains, who are fiercely battling an upsurge of […]

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Top tips for managing your energy bills

Bills are just another complicated component to add into the intricate web of adulthood. There’s no avoiding them. But managing them doesn’t have to be as stressful as your acquaintances may have you believe. Here are some top tips for managing your energy bills:   Set yourself up on a direct debit Yep – we’re […]

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Why outsource your Direct Debit administration?

Direct Debit is the most popular collection method for memberships and subscriptions. If you run a gym, an energy company or a magazine subscription service, then it’s likely that Direct Debit is responsible for generating your primary revenue stream. But like any mundane finance task, Direct Debit management isn’t as cut and dry as dipping […]

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Is open banking safe?

What is open banking? It’s a term most of us have heard of, but few really know what it means. Though you’ve probably seen stacks of open banking services advertised without even realising it. For the uninitiated, open banking is the sharing of transactional data with third-parties outside of an individual’s personal bank. Under new […]

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Are health and wellness trends here to stay?

Whilst our slow-burning global economy doesn’t seem to be making any wild shifts in gears any time soon, the fitness industry hasn’t felt the brunt in the slightest. On the contrary, in fact. 1 in 7 people are gym members. The estimated total market value is almost £5 billion in the UK, up 2.9% from […]