- CMS is first to use the new feature of the open banking payments solution, Payit by NatWest to revolutionise corporate giving
- Payit introduces the reusable link to the market for the first time
International law firm CMS has signed up to technology from NatWest’s multi award-winning open banking payments solution Payit, to collect charity donations from employees for their charity partners using reusable link technology as part of their wider social impact programme.
CMS is the first business to adopt the latest Payit feature, Reusable Links. This new feature allows payments to be collected from multiple accounts, via one seamless link, , without requiring card or bank account details from the donor.
It will enable CMS to collect charity payments from employees for their selected charity partners with reduced costs, friction and administrative burdens of traditional methods using card payments.
Reusable Link functionality makes it easier for businesses to adopt and distribute links and QR codes for a variety of different payment scenarios. Multiple payers can use the same link or QR code which can be surfaced in multiple environments to collect payments, significantly reducing the development burden.
A Reusable Link from Payit provides a flexible and seamless way to collect these donations directly from employee bank accounts, while retaining control of referencing for the various charities. CMS has been provided with a reusable link for each charity they support.
The reference for each charity is built into the link to simplify the administration process and will help CMS distribute the raised funds to their various charity partners quicker.
Payit’s Reusable Link functionality will also benefit other businesses, such as those in the hospitality and energy sectors who are looking to transform the way payments are collected. Merchants can create Reusable Links for each of their customers that can be deployed from various Point-of-Sale devices.
Mike Elliff, CEO of Payit by NatWest, comments:
“It’s really rewarding when you can leverage open banking and innovation to tackle specific challenges faced by businesses. It’s even more rewarding when you can do it for a good cause like this one.
“By utilising the re-usable link, all parties involved can benefit – employees, the employer and the charity partners – from the simplicity and security we can provide. And it’s all possible with minimal IT integration. With a streamlined payment process using open banking technology, CMS employees are now just a few clicks away on their mobile from supporting some important causes.”
Nicola Buchanan, Financial Control Manager at CMS, comments:
“Fundraising for our charity partners is important to all our people and the funds we raise make a real difference. Payit proposed a simple and efficient digital way to help us collect and manage these donations along with reducing the administrative burden – this gives us more time to focus on supporting our charity partners.”