The payment handler allpay has revealed plans to roll out a comprehensive payment gateway solution for merchants.
Under the new scheme, which will be introduced next year, the company hopes to integrate its system with UK acquirers across all card types. It will be aimed primarily at government, retail and utility sectors and, says allpay, will offer enhanced security and fraud prevention.
allpay Managing Director Tony Killeen said of the project: “New technology is transforming the way we pay and the future looks set to be one of multi-payment options, e.g. contactless, Chip and PIN, and online payments continuing to take over from cash and cheques. We are planning to develop a payments infrastructure that is as flexible as possible to deliver the widest range of payments to customers.”
allpay processes around 55 million cash, card and direct debit transactions each month, facilitating over £4.5 billion in payments each year. Over the past 18 months the company has begun to shift away from traditional payment methods, focussing instead on developing online and mobile payment channels.
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