Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
MultiPay Group Launches MultiPay Merchant Services to Give SMEs Greater Control of Their Payment Technology
MultiPay Group Launches MultiPay Merchant Services to Give SMEs Greater Control of Their Payment Technology

Ecospend partners with leading car repair payment platform Bumper to provide account to account payment solution


Ecospend’s closed loop payment system will provide an alternative to traditional card payments.

The open banking payments will provide a new Marketplace solution, whereby Bumper can easily and automatically pay out to its more than 3,500 local partners.

10th October 2022 – London: Ecospend, the UK’s leading open banking payment provider, today announces that it has launched a marketplace payments solution through its ‘pay by bank’ product for Bumper, the leading payment platform specialising in car repairs, accessories, and sales products. Ecospend will provide a best-in-class closed loop payment system, connecting customers with car dealers.

Bumper is the latest platform to use Ecospend’s payment system allowing payment to be split between Bumper and over 3,500 local partners that supply the motor parts. The ‘Pay-by-Bank’ option will initiate a direct bank transfer with prepopulated payment details including Bumper’s – removing the chance for human error.

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!

By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

The payment solution will also provide an efficient and cost-effective way of redirecting payments between customers and merchants within the Bumper platform. Bumper will also minimise card fraud and chargebacks by using Ecospend’s open banking payments that are authenticated using customers’ biometric ID. 

James Hickman, CCO, Ecospend, said: “Our closed loop payment system will provide Bumper with the ability to significantly reduce card transaction costs, while minimising the chance for card fraud and charge backs. The benefits that this can bring to both Bumper and its clients are far reaching, and we are excited to help them reach the next step in their payments journey. With each open banking payment being authenticated using customer biometric IDs, the solution is incredibly secure as well as efficient.”  

James Jackson, CEO & Co-Founder, Bumper, said: “We are very excited to partner with Ecospend and embrace the latest technology this market has to offer. This partnership will allow us to improve and evolve our service, and we know that Ecospend will provide quality new technology that will, most importantly, provide a safe and secure method of payments for our customers.”



Recent Post: