Extending payment offering
As a forward-thinking business this global payment services provider uncovered a way to complement their existing European payment by offering Direct Debits. As a way to optimize their service portfolio and unlock new business potential, the client offered their customers Direct Debit as an additional payment method in Europe while receiving the revenue in
their designated currency.
However, with little expertise in handling direct debits in Europe, this Global Payment Service Provider looked to Broker as their full-service partner – capable of providing Direct Debit and related services (reconciliation-to-reporting) in key European countries. The service was required on a white label basis so that it could be provided as part of the clients processing suite.
A full-service partnership
- Collection of over £98 million on behalf of the clients merchants since 2005 annual growth rate of 25% with regards to transactions.
- Improved cash flow and reduced Days Sales Outstanding.
- Reduce of fraud and late payments.
- Upgrade of security standard based on Broker finance’s certifications and experience.