Lloyds Bank Cardnet, as part of Lloyds Banking Group, has announced a strategic partnership with FreedomPay, a consumer-centric commerce platform. This partnership aims to provide advanced payment processing capabilities to merchants using Lloyds Bank Cardnet, enhancing the customer experience for businesses across various industries. Lloyds Bank Cardnet is a significant player in the UK payments ecosystem, serving a wide range of sectors, including retail, hospitality, education, healthcare, and financial services. With 21 million digitally active customers and substantial monthly processing volumes, it is a well-known entity in the UK payments industry.
FreedomPay’s Commerce Platform is recognized for its world-class security standards and was among the first companies in North America to receive PCI Security Standards Council validation for point-to-point encryption. It offers comprehensive solutions, including payments, security, identity, and data analytics, accessible in-store, online, and on mobile platforms, with seamless API integration.
This partnership aligns with Lloyds Bank’s commitment to enhancing the merchant experience, streamlining processes, and delivering value to support business growth. It reflects the bank’s strategy to offer clients access to swift, efficient, and highly secure payment solutions. Lloyds Bank Cardnet’s patented technology, in combination with FreedomPay’s platform, provides merchants with market-leading capabilities and innovative solutions for payment processing, both domestically and internationally. FreedomPay’s technology is designed to excel in the complex world of international commerce, and their Commerce Platform enables global enterprises to provide an enhanced customer experience.