London, 4th March 2024 – Acquired.com, a next-generation payments platform, is pleased to announce that it has been selected as the supplier of choice to deliver an Open Banking solution to Unitas Wholesale, the largest network of independent cash, carry, and delivered wholesalers in the UK.
Unitas Wholesale’s decision to collaborate with Acquired.com underscores their commitment to providing their members with innovative payment solutions that enhance operational efficiency and create a superior payment experience for their customers.
As the preferred partner for Unitas Wholesale, Acquired.com is proud to deliver their proprietary Pay by Bank payment solution powered by Open Banking, both in-person and online. The innovative alternative to card payments is specifically designed for UK businesses, providing them with a convenient and secure way to accept payments at a fraction of the cost.
The Pay by Bank for Point of Sale (POS) solution is provided in collaboration with MultiPay Global Solutions, seamlessly integrating into Unitas’ members’ existing payment infrastructure. This market-leading offering will augment their members’ payment system by introducing MultiPay’s sophisticated hardware options, facilitating a simplified settlement process for members, and delivering an exceptional payment experience to customers.
Implementing Pay by Bank into a payment strategy includes potential savings of over 85% compared to card payments, according to Acquired.com, the new Open Banking partner for Unitas. By eliminating fees and reducing costs, Pay by Bank enables merchants to access their funds instantly and ensures streamlined financial management.
For the end users, the payment process is slick, easy, and most importantly, secure and certified. For face-to-face payments, the customer simply scans the QR code displayed on the MultiPay payment device and authorises the payment in seconds. Once approved, the payment is processed and funds move seamlessly from the customer’s bank account to the merchant’s settlement account, ensuring swift and hassle-free transactions. Online, the process is impressive – the customer chooses Pay by Bank at checkout and is seamlessly redirected to their banking environment, where they can approve the transaction in their banking app in seconds.
John Kinney, Managing Director at Unitas Wholesale commented, “We have launched Unitas Procurement Services to offer our members the best possible deals on essential services, and they are already seeing incredible savings through partnerships with verified suppliers like Acquired.com.
Switching from card payment to Pay by Bank will reduce costs by at least 85% based on the average transactions by members, so the connect24 show this week is the perfect opportunity for our wholesalers to get to know the Acquired team and learn how their Open Banking solutions can slash costs and boost profits.”
Grant Evans, Head of Partnerships at Acquired.com commented, “Following a rigorous selection process, we are delighted that Unitas Wholesale has entrusted Acquired.com as the open banking partner of choice for their members. It is clear that the high average transaction values of the cash and carry sector are primed for the benefits of Pay by Bank as an alternative payment method to cards, in-store, online, and via secure payment links. We look forward to furthering our engagement with their members this year and beyond, helping them to make the seamless transition to Pay by Bank.”
Delia Pedersoli, COO at MultiPay Global Solutions commented, “MultiPay is delighted to be part of the journey working with Unitas Wholesale and Acquired.com, bringing our cutting-edge Pay by Bank solution to the forefront. Together, we’re driving payment innovations that prioritise seamless transactions and significant cost savings for merchants.”
Acquired.com’s robust payment solution in collaboration with MultiPay Global Solutions enables businesses to seamlessly accept all major credit and debit cards, alongside popular digital wallets, such as Apple Pay and Google Pay, while offering an innovative Pay by Bank solution with no additional integration time or effort. They have endeavoured to simplify the checkout process, combat fraud, and automate reconciliation.
About Unitas Wholesale
Formed in 2018, Unitas Wholesale have the largest network of independent cash and carry and delivered wholesalers in the UK. Their committed, ambitious, and forward-thinking members include retail, food service, on-trade, and specialist wholesalers, making them multi-channel experts and the most diverse group in the industry. They harness the collective scale and strength of the group to negotiate the strongest trading terms, advertising agreements, and the most competitive promotions for wholesale members.
About Acquired.com
Acquired.com have built a next-generation, unified platform that offers access to cutting-edge technology and data insights to power recurring commerce. The Acquired.com platform offers full payment life cycle management, including Pay by Bank, card processing, direct debit, and sending and receiving payments. Our exceptional sector expertise and a highly tailored service enables businesses to gain a competitive advantage to accelerate their growth.
With our market-leading technology and multi-acquiring strategy, we digitise and streamline payments, customising our solutions to align with the individual needs of each customer. We pride ourselves on our advisory approach, providing best-in-class service with a view to resolving complex challenges. Embed efficient payments into your organisation to improve liquidity, drive operational efficiency, and create a superior user experience for your customers.
Acquired.com are an FCA-regulated business, an EMD Agent, and a licensed Payment Initiation Service Provider.
About MultiPay Global Solutions
Headquartered in London, Milan and Copenhagen, The MultiPay Group is a payments technology company that enables large merchants across the world to accept any payment, anywhere. Its all-in-one agnostic payment solution combines a unique API that acts as a single point of integration between any payment method and any acquirer. MultiPay’s gateway works across all payment channels in any sector including retail, hospitality, travel, and transportation. Combined with its personalised, couture experience, MultiPay is the single point of contact for all payment requirements and ensures it delivers payment technology and integration that is built around its customers’ bespoke requirements.
For more information about MultiPay Global Solutions, visit: www.multipayglobal.com
