Lloyds Bank renews payment suite with FreedomPay partnership

By Gloria Methri

Lloyds Bank has accelerated its partnership with FreedomPay, a consumer-centric commerce platform, to offer clients access to a suite of fast, efficient, and secure payment solutions.

The partnership gives merchants using Lloyds Bank Cardnet access to FreedomPay’s advanced payment processing capabilities. The fully integrated, patented technology offers Cardnet customers the flexibility to process payments across borders, key sectors, points of sales, and merchant service providers.

FreedomPay’s patented Next Level Commerce platform is an end-to-end cloud-based solution that offers fast, secure payment solutions to merchants while giving them access to the most up-to-date payment types and technologies. The platform transforms existing payment systems and processes from legacy to leading edge and enables merchants to unleash the power of pay.

FreedomPay’s solutions across payments, security, identity, and data analytics are available in-store, online, and on mobile and are supported by rapid API adoption. It also supports popular payment methods such as mobile wallet functionality.

Melinda Roylett, Managing Director of Lloyds Bank Merchant Services, said, “Our renewed strategic partnership with FreedomPay will enable us to continue offering best-in-class payment solutions to our clients. We look forward to developing more benefits that add further value to the service we currently provide our clients with, to help them grow their businesses.”

Chris Kronenthal, President of FreedomPay, said, “Together with Lloyds Bank, we are redefining the customer experience for UK merchants by blending loyalty, security, and value-added-services. Through the FreedomPay platform, Lloyds Bank’s Cardnet service offers market-leading capabilities, optionality, and innovation to merchants.”