logo
Santander Partners With Worldpay to Support Business Banking and Corporate Customers

Santander Partners With Worldpay to Support Business Banking and Corporate Customers

FF News2 days ago

Santander UK has today announced a new partnership with Worldpay, a global leader in payments technology and solutions. The partnership will enable Santander Business Banking and Corporate and Commercial Banking (CCB) customers to access Worldpay services, including best-in-class e-commerce capabilities and point of sale solutions.
Santander UK and Worldpay have joined forces to provide better merchant services for customers, using advanced digital technology. The partnership will offer Santander customers secure, scalable and efficient merchant payment solutions.
For Santander Business Banking customers, a wide range of solutions will be available for all point of sale, e-commerce and integrated payment needs. Santander Corporate and Commercial Banking customers will also benefit from dedicated e-commerce and implementation consultants on hand to offer support and provide value added services to meet their needs.
Gerry Davies, Payments Commercial Director, Santander UK, said: 'At Santander, we are committed to providing the best solutions to help our customers prosper. Our new partnership with Worldpay will give our UK customers access to secure and innovative ways to be accept payments, alongside a suite of value added services to help improve efficiency and grow their business.'
Chris Wood, General Manager for SMB UK and Ireland at Worldpay added: 'Worldpay and Santander have a shared mission to support the growth of the UK's vibrant SMB sector by facilitating their digital transformation and providing them with the tools and technology needed to meet evolving consumer expectations.
'This long-term agreement opens an important new distribution channel with one of the UK's most preeminent banks to support more businesses with the tools they need to drive growth.'
Companies In This Post
Santander
Worldpay

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Revealed: The spiralling cost of housing foreigners
Revealed: The spiralling cost of housing foreigners

Telegraph

time17 minutes ago

  • Telegraph

Revealed: The spiralling cost of housing foreigners

Foreign-born heads of households in London cost Britain around £3.6 billion a year in discounted rent, Telegraph analysis suggests. Nearly half of all social housing in the capital, 48 per cent, is occupied by foreign-born heads of household, data from the 2021 census shows. This is well over the national average of 19 per cent. These households benefit from cheap rents which, when compared to private rent in London, average out at a discount of around £11,600 per year per household. Responding to the figures, Robert Jenrick, the shadow justice secretary, said: 'This research shows how the huge costs of mass, low-skilled migration are often hidden from the public. When you lift up the bonnet, it's clear that the level and composition of immigration have been hugely economically harmful for decades'. The figures also show some 35 per cent of working age foreign-born heads of households in London's social housing are either unemployed or economically inactive, despite living in one of the UK's most prosperous regions. The most recent ONS figures show that output per hour worked in the capital is approximately 26 per cent higher than the UK average. The figures cast further doubt on the UK's migration policies. Last year, the Office for Budget Responsibility found that low-paid migrant workers were costing taxpayers more than £150,000 each by the time they hit state pension age The proportion of social housing allocated to foreign-born lead residents varies drastically across the capital. A majority of social housing is occupied by a foreign-born lead tenant in 14 of the city's 32 boroughs, with only 10 areas in the capital falling below the level of 40 per cent. Over 60 per cent of social housing in Brent and Westminster is allocated to foreign-born lead residents but this drops to 16 per cent in Havering. To come to the figure of £3.6 billion, The Telegraph matched rents for London's 'general needs' social housing stock across local authority and private registered providers with median private sector rents for properties with equivalent numbers of bedrooms. This suggested that socially rented properties were approximately £11,992 cheaper per year in 2021. Adjusted for estimated service charges, the net discount works out at £11,610. Added up across the city across the whole of the population, this suggests a total subsidy of approximately £7.7 billion. If households headed by foreign-born residents take up a proportional share of this sum, it would amount to roughly £3.6 billion per year in total discounts. Separate data from the English Housing Survey suggests that there is significant variation between ethnic groups with regards to social housing use. Roughly 48 per cent of Black Caribbean households, 40 per cent of Black African households, and 40 per cent of Bangladeshi households in England live in social housing, compared with 16 per cent of White British households, and 5 per cent of Chinese and Indian households.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store