Handepay, the card payments solutions provider and part of the PayPoint Group, has launched the accelerated settlement service for all its EVO-acquired customers. Independent businesses benefiting from Handepay’s card processing services will now receive funds from any transactions completed before midnight directly into their nominated bank account the following business day.

The upgrade now allows businesses to receive funds up to 48 hours faster, helping business owners to manage cash flow more efficiently. Rather than waiting up to three days for funds to arrive in their account, next banking day settlement helps with daily operational costs and allows owners to reinvest money back into their business.

Charles Eveson of Kernahan Service, a Ford-Authorised Repairer in Witney, Oxfordshire, revealed how the next banking day settlement launch has helped his business: “Next banking day settlement is very important in the day-to-day operations of my company. Buying parts can be costly, on top of having to give credit to the majority of leasing companies, so we must make sure that money from our sales goes into our bank account as fast as possible. I was pleased to see that I could save over £150 per month by joining Handepay and still benefit from faster payments.”