Endava, a global provider of digital transformation, agile development and intelligent automation services, today announces its new working relationship with start-up AcceptPayments.com, which will bring a new online comparison marketplace to payments and revolutionise the way businesses find their Payment Service Providers (PSPs).
SMEs and corporates will be able to compare PSPs’ offers on key payment acceptance methods, like cards, open banking, crypto and direct debit. This will allow merchants to compare services within different categories, such as merchant accounts, card machines, tap-to-pay, QR code payments, pay by link, payment gateways, virtual terminals and Buy Now Pay Later (BNPL) solutions for their online, in-store, remote or multichannel retail businesses. There are also plans to integrate a natural language processing tool driven by AI technology.
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The new payments comparison marketplace is responding to payment systems regulation, including Payment Services Direction (PSD2), soon to become PSD3, and the UK’s own Open Banking directives designed to improve consumer protection, foster competition and make comparison services and switching smoother and cheaper. This innovation will also ensure businesses can find a solution that is geared to the specific digital integrations that retailers have.
As a highly skilled technical partner with long-standing payments experience, Endava is well-placed to ensure that AcceptPayments.com will easily connect with providers in the payments ecosystem. With offices globally, Endava will provide ongoing support as AcceptPayments.com extends its reach into new geographies. The first phase of the project is set to go live with 10,000 UK merchants using the platform.
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AcceptPayments.com founder and director Sebastian Wood has over 12 years of experience in payments and has worked with the world’s largest brands and public sector clients.
He commented: “Imagine as a business owner, you could obtain deals from the whole market and apply online instantly, 24/7, 365 days a year. AcceptPayments.com will be a global one-stop shop for merchants looking for their next provider with all the complexities worked out by the platform. We needed a technology company with the global footprint and the end-to-end payments expertise and understanding. Endava were the natural choice to match our ambitions.”
Andrew Davies, Global Head of Payments at Endava, said: “This is an exciting opportunity to help a start-up with a founder who has a deep understanding of payments to realise their ambitions and further evolve the global payments ecosystem. We’re thrilled to be partnering with such an ambitious provider that shares so many of our values and aspirations.”
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