LONDON, January 28, 2012 /PRNewswire/ --
Cashflows, part of the Voice Commerce Group and provider of innovative business payment solutions, announces today that it is launching a charity credit card scheme to run alongside its existing small business payment support activities in the UK. The announcement follows Lloyds Banking Group's withdrawal of Halifax and Bank of Scotland charity credit cards which help raise money for Cancer Research UK, the NSPCC and the Scottish SPCA.
As a Supervised Financial Institution and principal member of the Visa and MasterCard schemes, Cashflows offers a global payments network and directly operates payment card issuing and acquiring services.
CEO and founder of Cashflows, Nick Ogden, has decades of experience in the financial services industry and supported the Diana Memorial Fund through his former company, WorldPay.
Commenting Nick Ogden said, "Cashflows is at the forefront of innovation in the financial services industry and we are already supporting many UK SMEs. Our card issuing services are able to provide support for charities and in the current economic situation it is vital that we try and support them, whilst they face inevitable cuts in donations across the board. Fortunately, changes in legislation over the past few years, combined with support from the Government, the FSA and the Payments Council, are enabling new types of financial institutions to exist. There is a clear requirement for financial services to continue to support our economy as it slowly fights its way out of the ongoing credit squeeze and that is a role that Cashflows is keen to support."
Cashflows® delivers a range of business to business financial services that are provided from a single account, designed to help businesses manage and maximise their cashflow. The CashFlows® account enables businesses to offer their customers a full range of payment channels including, online, mobile and mail & telephone orders. The Cashflows® account is fully integrated into the VoicePay® mobile wallet service which delivers guaranteed transactions.
CashFlows® is a principal member of VISA and MasterCard and supplies payment card issuing and acquiring services.
CashFlows® is operated Voice Commerce Limited, and is regulated by the Financial Services Authority. Based in Cambridge, England, it provides payment processing services to a wide range of businesses.