Dublin-headquartered Evo Payments international has announced a deal with the AA in the UK to provide card pay technology to UK merchants under the new CardPay brand.
The deal is the first of its kind for the AA, which is moving into B2B financial services on the back of high consumer trust research rankings.
The service will be managed from Evo’s Dublin HQ where it operates under the BOI Payment Acceptance brand, a collaboration between Evo and Bank of Ireland.
“We are very excited to announce this new partnership with the AA,” said Evo Ireland and UK managing director Brian Cleary. “BOIPA only entered the payments market in early 2015, and in a very short space of time we have been hugely successful in delivering a superior payment service and value proposition for businesses across Ireland.
“From small corner shops and online traders to some of the country’s large corporates, Irish business owners have been quick to recognise the obvious benefits of our products, including the ability to process more transactions, experience reduced banking costs, and less exposure to theft and the misappropriation of cash.
“Applying these same principles to the UK market felt like a logical next step, and in partnering with the AA we are joining up with a universally trusted brand that prides itself on its market-leading financial products and first-class customer service.”
The deal follows a jobs announcement earlier this year, with 50 new roles created amid a €9.1m investment and the opening of a new Irish HQ – bringing the company’s headcount to 120 serving Ireland, North America and Europe.
AA Financial Services director David Searle also welcomed the news.
“From roadside emergencies to home insurance and savings, the AA has always been trusted to stand by the consumer’s side, whatever happens, and campaign for a better deal. With nearly a fifth of our members also running a small business, we have for some time been looking at what we can do to help, particularly given the current economic climate.
“UK small businesses are the bedrock of the country’s economic confidence. The challenges many SMEs have with payment terminals, often relating to opaque pricing tariffs and surprise add-ons, need to be put right and the status quo needs to be disrupted.
“Our partnership with Evo allows us to become a force for change in the UK card payments market, to bring greater simplicity, trust, and fairness for our members – which is at the heart of everything we do.”