Form3 and BPC announce partnership to combine expertise in cloud-based payments processing solution
Baar, 13 June 2019
BPC, a leading payments provider to financial services companies and Form3, a cloud-native payments provider, have announced a partnership to deliver a complete cloud-based payments solution. The solution will cover origination, processing, clearing and settlement.
The partnership has already successfully delivered UK Faster Payments, CHAPS, BACs and SEPA services to a well-known payments provider. The partnership fits within BPC’s CloudIT strategy, which is BPC’s Payments as a Service offering. It enables customers who do not want to invest in infrastructure and other resources to deploy their required market solutions, turning their payments vision into reality quickly, cost-effectively and virtually risk-free.
Adam Moulson, Chief Customer Officer at Form3 said, “BPC’s expertise and portfolio of systems and clients complements the Form3 platform perfectly in meeting demand for instant payments through a single API. Customers wanting a fully managed end-to-end payments solution can now benefit from our partnership with BPC, linking both services in one market offering, removing the need to ‘go out to market’ to find a provider.”
Peter Theunis, BPC’s Managing Director Europe, commented: “BPC is delighted to be working with Form3. In the field of cloud payments the company combines an impressive track record with a fresh approach and exceptionally fast implementation. Their payment services are part of our wider CloudIT strategy for SaaS and payments processing for our clients.”
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Note for editors:
Form3 was founded in 2016 to help create better experiences for customers and their users when moving money globally. Their mission is to leverage technology to lower barriers and open up payment clearing and settlement scheme access to financial communities globally in order to move money in real-time.
By combining cutting edge micro-services technology and API’s backed with decades of banking and payments expertise, Form3’s end to end, cloud-native, payments platform enables access to payment schemes including ACH, Direct Debits and real-time transaction processing through a single API. The cloud-native nature of the
Form3 platform means that as customers grow, we scale their mission critical payments environment quickly and easily. It’s all automated, no hardware, no software and the service is fully managed by our 24x7 operations team. Our customers include UK, European and US banks, payment institutions, card payment processors and licensed Fintechs, including Tier1 global brands.
BPC was founded 20 years ago and as true ‘globetrotters in fintech’ it is now active in 81 countries. For more than 210 clients, BPC powers payments across the globe by supplying software and creating ecosystems in which banks, processors, merchants and other ecosystem players, such as governments, can thrive. BPC is bridging real life to digital. Banking, Payments: Context – this is what and who we are about at BPC. It’s all about creating relevant services for the customers of our clients, fitting in the context of their business or daily life.
- Laura Francis, Head of Brand and Marketing Communications, Form3
- Peter Theunis, Managing Director Europe, BPC