Pay360 launches payment platform with reward plan for software companies

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Written by Editorial Team

Published July 2020

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Capita’s (Capita plc) Pay360 is launching Evolve, a ‘one-stop shop’ payment platform, that offers a range of payment channels including online, mobile and cash. Software companies that integrate Evolve into their products will be enrolled into a reward plan where they will earn revenue based on payments made through their solutions.

Evolve is a cloud-based software-as-a-service (SaaS), built into the Microsoft Azure cloud environment, for UK software companies that deliver solutions to small and medium-sized (SME) companies.

Traditional card payment solutions are complex and can take up to ten weeks to setup, creating a poor and frustrating experience. Software companies that integrate Evolve into their solutions can immediately onboard their customers, and they can start trading within minutes, meaning that no further integration is required.

Evolve offers a range of payment methods including Visa, Mastercard, PayPal, Apple Pay, PayPoint, Post Office as well as the new online checkout option, Pay By Bank app by Mastercard.

All software companies that integrate Evolve into their solutions will be enrolled into a reward plan where they earn revenue based on the payments that go through their solutions.

Additionally, Pay360 will offer marketing and sales support to help software companies select the best payment options for their businesses and offer advice on recruiting more customers.

Pay360 is one of the leading payment services providers in the UK and currently processes over 250 million transactions per year with payment value in excess of £10bn. Pay360 is registered with the Financial Conduct Authority.

Nick Peplow, payment facilitator director of Pay360, says:

“Software providers need to focus on their core solutions and deliver the best services to their customers. Evolve takes away the pain points of lengthy onboarding processes which means that they enable payment collections from their customers faster.”

 

Stephen Ferry, managing director of Pay360, comments:

“It is a difficult time for all businesses and quick reconciliation of funds has never been more important. Not only does Evolve offer a simple yet comprehensive solution to customers but it also enables them earn revenue through our partnership programme.”

 

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