Ecospend, the UK’s leading Open Banking payment provider, today announces its partnership with Telsolutions, the specialist in multi-channel communication programmes for revenue collections.
The partnership will allow Telsolutions to offer its clients Open Banking services, helping to protect customers against fraud whilst reducing the cost of transactions.
Telsolutions specialises in collections, working with local councils to support them on gathering council tax arrears, business arrears and parking fines. The collections specialist also works with energy, utility and financial services companies. The partnership with Ecospend will see Pay-by-Bank technology embedded into Telsolution’s collection messages, allowing customers to make an immediate payment directly from their bank. By selecting the link in the message, customers will be able to confirm the payment details and amount through their banking app, enabling the funds to instantly clear into the payee’s bank account.
This partnership will not only provide Telsolution’s clients with the safest method of payment, removing the chance of fraud and chargebacks, but it will also allow them to bypass all fees associated with incumbent payment methods.
Rob Perry-Jones, CEO at Telsolutions, comments:
“Telsolutions Ltd select innovative partners that provide new best of breed technology services that are effective out of the box. With Ecospend we have found a partner that is able to provide solid services for our clients in both local government and the private sector. We were able to address client needs for a secure and reliable alternative payment service that fitted perfectly around how customers now want to pay for goods and services using their banking apps.”
James Hickman, CCO at Ecospend comments:
“We are pleased to be working with Telsolutions and providing its customers with our industry-leading payment solutions that offer safer, and cheaper, ways to pay. This partnership is just the latest demonstration of the collections market turning to Open Banking services in the search for new and innovative products, but is still just the beginning when it comes to the benefits these solutions can offer. We look forward to partnering with other industry members to make payments smoother, more efficient and simpler for everyone.”