Contis unleashes Faster Payments

Published on: February 12, 2020
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Faster Payments is one of the quickest and most efficient ways to transfer money in the UK. Since its launch in 2008, nearly 10 billion Faster Payment transactions have been sent. For businesses it’s a convenient way of settling remittances within minutes – ideal for processing payroll, paying suppliers and even handling employee expenses. No surprises then that over 85% of phone and online money transfers are processed via Faster Payments.   

However, it can be costly as part of a standard corporate business bank account. 

With Contis, businesses can benefit from fast, efficient, reliable and affordable money transfers. Contis offers comprehensive payment alternatives to both retail and corporate clients, and the choice of fully functional current account facilities. These come with sort code and account numbers, a fully integrated mobile payments app as well as a web portal for customer information and funds management.    

For ‘white label’ clients using Contis’ account portal and platform, all current accounts come with embedded Faster Payments and Direct Debit capabilities. These are linked to our extensive card payments solutions that run on Visa rails. 

We are an ‘all-in-one’ provider, a key advantage that allows flexibility as you grow your business. With Contis, there’s no need to knit many limited technology providers together behind the scenes, which becomes expensive, messy and complicated.   

Clients with their own front-end solution and connectivity can also benefit from Faster Payments and access to other payment schemes using our powerful APIs. Through Contis, Faster Payments is provided at a fraction of the cost of corporate business bank accounts. 

With little integration required at their end, we ensure businesses can make payments across the UK cost-effectively. 

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