Payments

Lloyds Bank Expedites Strategic Payments Alliance with FreedomPay

Lloyds Bank Expedites Strategic Payments Alliance with FreedomPay
  • Lloyds Bank Cardnet has chosen a prominent technology firm to offer its customers a rapid, effective, and secure payment solution.

  • Christopher Kronenthal highlights how the partnership with Lloyds Bank is elevating the UK merchant customer experience with leading capabilities, innovation, and more.

  • Lloyds Bank Cardnet's patented technology offers versatile global payment processing across industries and service providers.

Lloyds Bank, part of Lloyds Banking Group, announced that it has accelerated its strategic partnership with FreedomPay, a prominent consumer-centric commerce platform. The partnership grants merchants utilizing Lloyds Bank Cardnet access to the advanced payment processing capabilities provided by FreedomPay.

Lloyds Bank Cardnet is pivotal in the UK payments ecosystem, with 21 million digitally active customers and significant monthly processing volumes. It is a well-known entity in the UK payments industry, serving key sectors such as retail, hospitality, education, healthcare, and financial services. The bank is committed to reinvigorating, streamlining, and elevating the merchant journey, and this partnership is a significant step toward that commitment.

Melinda Roylett, Managing Director of Lloyds Bank Merchant Services, expressed that the renewed strategic partnership with FreedomPay will empower them to maintain the provision of best-in-class payment solutions to their clients. She stated that the company eagerly anticipates the opportunity to enhance the service it presently offers clients, contributing additional value to support their business growth.

FreedomPay Commerce Platform, which operates on a unified technology stack, upholds world-class security standards and is a leading company in North America to receive PCI Security Standards Council validation for point-to-point encryption. Its comprehensive solutions encompass payments, security, identity, and data analytics, accessible in-store, online, and on mobile platforms, with seamless API integration.

Christopher Kronenthal, President of FreedomPay, said, "Together with Lloyds Bank, we are redefining the customer experience for UK merchants by blending loyalty, security, and value-added services.”

[Source – Globe Newswire]

Additionally, he stated that Lloyds Bank's Cardnet service, through the FreedomPay platform, provides merchants with market-leading capabilities, options, and innovative solutions.

This move aligns with the bank's ongoing growth strategy, which offers clients access to a comprehensive range of swift, efficient, and highly secure payment solutions. The fully integrated, patented technology affords Lloyds Bank Cardnet customers the versatility to process payments internationally, across various industries, at different points of sale, and through various merchant service providers. FreedomPay has designed its technology to consistently excel in the intricate realm of international commerce. Its award-winning Commerce Platform works across continents, enabling global enterprises to deliver Next Level experience.

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