Paymentology works with Utility Warehouse to help customers reduce their bills

Paymentology works with Utility Warehouse to help customers reduce their bills
03.08.2020 12:54 pm

Paymentology works with Utility Warehouse to help customers reduce their bills

Transaction Banking , Payments

Utility Warehouse (UW), has selected cloud-based payment processing platform, Paymentology, to process its cashback card transactions. UW customers can benefit from cashback from thousands of market-leading online and high street retailers, including Sainsbury’s, Boots, and M&S. This cashback is automatically offset against their monthly utility bill.

UW, the UK’s only multiservice provider, offers customers all their home services - energy, broadband, mobile, landline and home insurance - in one monthly bill. These customers can choose to receive a cashback card, which helps them save while they spend as well as benefiting from reward points as they spend with partner retailers. Customers can get up to 7% off their purchases.

The functionality provided by the Paymentology platform ensures that UW customers will benefit from market-leading fraud protection and split-second balance checking at the point of sale, meaning that purchases are cleared almost instantaneously.

Ben Wigoder, Head of Financial Services at UW, said: “After an extensive process, Paymentology emerged as the clear leader to take on our cashback card. Its fraud protection service adds another layer of security for our customers and its technology gives us a platform to build new features into our card in the future. We’re excited to begin our partnership with Paymentology and look forward to working together in the future.”

Shane O’Hara, CEO of Paymentology commented: “Working with UW is an important step for us in our growth as we expand the reach of the Paymentology platform across both banks and retailers. Moreover, though it is a good opportunity for Paymentology to play its part in helping consumers manage their budgets in these difficult coronavirus times.”

Related News

Sterling National Bank and Cashfac Announce Strategic Business Alliance for Launch of New Escrow Account Platform

Today, Cashfac, a global provider of back-office cash management software, and Sterling National Bank (“Sterling”), the wholly-owned operating... Read more »

BestX launches post-trade transaction cost analysis for equities

BestX, State Street’s foreign exchange and fixed income best execution analytics platform, announced today... Read more »

Publicis Sapient collaborates with Goldman Sachs to build their new transaction banking platform

Publicis Sapient, the digital business transformation hub of Publicis Groupe, is very excited to have agreed to a multi-year collaboration with Goldman... Read more »

Hello, Intruder

Start-up PSP targeting Generation Z streamers, bloggers and influencers

Intruder, a new payments services provider (PSP) targeting Generation Z... Read more »

Ezra launches to help power global aid through social and financial inclusion

An initiative created by chairman and founding member Allan Green, Ezra has a powerful vision: to partner with mobile operators, NGOs,... Read more »

Barclaycard data shows UK retail transactions grew by 60 per cent last week as stores re-open after lockdown

With many UK businesses re-opening their doors for the first time since lockdown, data from Barclaycard Payments, which processes nearly 40 per cent of all transactions... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel