Starling Bank is to expand its payment services business and will become the first UK challenger bank to offer Merchant Acquiring services.
The introduction of Starling Merchant Services will enable Starling’s business banking customers, payment services clients, e-commerce business owners and small to mid-sized retailers to accept card payments from major payment schemes such as Visa, Mastercard and American Express easily, via any channel that best suits their customers.
Starling Merchant Services has been designed to offer its potential customers best of breed technology to collect, manage, process and settle payments with fast and easy set-up and simple pricing and commercial structures.
Julian Sawyer, Chief Operating Officer, Starling Bank, said: “The rollout of Merchant Acquiring is an important milestone for Starling as we seek to join the dots of the payments value chain and offer new services that continue to benefit our customers. Our goal is to offer next generation acquiring services simply, quickly, and cost-effectively - so that our customers can focus on what’s really important to their business.”
Starling Merchant Services will be rolled out in 2018. Registration for interested customers is now open at www.starlingbank.com/paymentservices/.