Form3’s cloud based Payments-as-a-Service technology platform

  • Product Reviews
  • 19.02.2020 08:22 am

What is the Product/Service?

Form3 is a leading Payments-as-a-Service technology provider. Our award-winning, cloud native API-based technology platform combines deep payments expertise with a cutting edge technology stack and highest security, Active-Active-Active with AWS.  We already enable access to UK Faster Payments, Bacs, SEPA CT/DD and SEPA Instant on both direct participant and sponsored basis through a single API. In addition we are building our International Payments solution, delivering the first API based global transaction platform for SMEs. But we’ve only just started. Our mission is going to take us beyond the UK and Europe to enable access across continents and our customers are coming with us on that journey.

It is our belief in making access to payments available to all and we focus on that vision in everything we do.

What does the solution do?

Form3 enables Financial Institution’s to take advantage of technology innovation and eliminate proprietary payment infrastructure enabling them to build and deploy new customer propositions quickly and scale easily without the need to maintain expensive hardware or software.

Essentially, can help FI’s replace Capex cost with an Opex managed service.

What are the core functions?

Form3 provide cloud-based connectivity, payment processing, clearing and settlement services. Form3’s platform enables direct technical access to regional clearing systems with fast and easy integration through a single Json Restful API. The platform is cloud-native and highly scalable using microservices architecture.

We couple our technology with banking partnerships to facilitate settlement services through clearing and settlement systems including:

•       UK Faster Payments (Real-Time)

•       UK Bacs

•       SEPA Instant Credit Transfer

•       SEPA Credit Transfer

•       SEPA Direct Debit

•       CHAPS

•       International

•       Swift

Form3’s competitive edge and key features

The use of cloud-native technology, APIs and micro-services-based solutions has changed the way organisations look at their payment’s infrastructure requirements. This has also been combined with rapid innovation in the way payments are made including an obsessive focus on improving the user experience.

Form3’s cloud based PaaS solves the challenges of legacy payments infrastructure with simple cloud based access to multiple payment schemes through a single API.


  • No proprietary infrastructure required (data centres, servers, communication)
  • Fast and easy integration through REST API and file exchange
  • Payment Process Automation increases straight through processing
  • Intelligent transaction routing
  • Simple pay-per-use model with low set up fee
  • Cost transparency on a per-transaction basis

Target audience

We work with:

  • Regulated financial institutions, including leading banks
  • Non-bank financial institutions
  • Regulated fintechs (payment institutions, e-money providers, and pre-paid card providers). 



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