London, UK - November 16, 2016 - Credorax, a European licensed merchant acquiring bank, today announced that it has recently entered into a strategic partnership with Acceptacard Limited, a leading UK merchant services provider.
"We see Credorax as a key strategic partner because they demonstrate dedicated support and a clear understanding of both the market and the needs of card payment providers, said Bill Thomson, Managing Director of Acceptacard. "We are impressed by Credorax's technical capabilities and value their modern online approach to customer management, which aligns exactly with our own."
Launched in 2008, Credorax has evolved from a Fintech company into a European commercial bank licensed by the Malta Financial Services Authority (MFSA). The company was recently named 2016's — Best Gateway/PSP/Acquiring Solutions Provider' by UK's Emerging Payments Association. Due to its technology acumen, Credorax is rapidly gaining a reputation as an acquirer that can meet the tailor-made payment needs of both card-not-present and card-present merchants across Europe. From e-commerce to mPOS, Credorax is fulfilling the needs of both multichannel and omnichannel demands of entrepreneurs as well as large enterprises.
Partnerships with leading payment providers like Acceptacard, allow Credorax to bring these unique services to UK merchants. Acceptacard has cornered the market on providing attainable and affordable card processing services to thousands of businesses, both offline and online. In 2013 Acceptacard was recognised for its industry contribution to this market, by winning two industry awards for Payatrader.com - the first Pay As You Go, multichannel service.
"Acceptacard's impeccable reputation as one of the payment companies to truly understand and react to UK merchants' business needs is what drew us to aligning with them in the first place and since entering this relationship it is clear that that they truly live up to this reputation," said Koen Vanpraet, Chief Commercial Officer of Credorax. "Both companies believe this is the beginning of a very long-term partnership, already expanding into additional business endeavours."
Northampton based Acceptacard Limited was formed in 2009. Initially focusing on the micro business market, the solution was created by a team of payments experts led by Bill Thomson, former MD of Barclaycard Business, to address an unserved market for "low cost, no financial commitment" card acceptance services.
Today Acceptacard offers award winning card-processing solutions to businesses of all sizes, with a choice of merchant accounts, a full multichannel service (online, telephone, face-to-face) and the latest Chip & PIN & mPOS terminal technology. A key service differentiator is the feature rich, low cost —No Contract' proposition and 100% online quote and application process.
About Credorax: Founded in 2008, Credorax is one of the first technology companies to have evolved into a licensed commercial bank that specialises in merchant acquiring, as well as the first bank developed specifically for the e-commerce sector. Credorax is licensed in Europe to process across 32 EU & EEA countries as well as holds licences in Asia and North America.