Enfuce partners with allpay to revolutionise payments for the UK public service
Helsinki, JUNE 05, 2024 – Issuer processing powerhouse Enfuce has today announced a new partnership with allpay Limited, the UK’s leading payments solutions provider, to integrate cutting-edge, secure cloud-based card payment solutions across public sector services in the country such as local UK councils.
As the UK’s market leader for payment services within the public and social housing sector, allpay offers cost-effective payment solutions including direct debit, internet, credit, debit, cash and prepaid cards. By integrating Enfuce’s cloud-based technology, allpay will be able to modernise its payment systems and deliver more secure and reliable payments with industry-leading uptimes for the UK public service, improving the overall payment experience for its customers.
The announcement comes at a critical time when the public sector is losing around £33.2 billion to fraud and error annually – according to a report published by the National Audit Office in March 2023, which shows a clearly growing need in the sector for solutions that provide enhanced security. With Enfuce’s experienced team of fraud and dispute management experts, allpay will have access to comprehensive prevention measures to minimise fraud and compliance risks. Operating 24/7, Enfuce’s fraud prevention system includes continuous monitoring, portfolio analysis, thorough fraud reporting, and proficient second-line support. At the same time, Enfuce’s PCI-DSS certified platform also guarantees 99.999% uptime which competitors struggle to match, providing a reliable and secure environment that is crucial for the public sector, especially when dealing with sensitive use cases.
This partnership marks a significant milestone as Enfuce continues to accelerate its expansion across the UK, with the Finnish fintech having recently received its Electronic Money Licence (EMI) from the UK’s Financial Conduct Authority. Since launching in the country in 2022, Enfuce consolidated partnerships with significant companies in the region such as SME lending platform Funding Circle, to launch corporate credit cards and give greater flexibility to small businesses in the UK and UK neo-banking start-up focused on scientific research, Science Card.
Together, allpay and Enfuce are committed to revolutionising the public sector payment landscape by offering secure, reliable, and efficient payment solutions. By leveraging Enfuce’s cutting-edge technology and expertise, allpay will be able to enhance its services and provide peace of mind to consumers, ensuring that payments are processed seamlessly and securely.
Monika Liikamaa, Co-Founder & Co-CEO of Enfuce, comments: “We are thrilled to partner with allpay in delivering cutting-edge payment solutions to local authorities across the UK. With our advanced, fully compliant and modular tech stack, we’re confident that we can contribute to allpay’s mission of transforming payments in the public sector. Our comprehensive suite includes seamlessly integrated APIs, robust dispute and fraud management and value-added services, ensuring a secure and innovative payment solution specifically designed for governmental services in the UK”
Denise Johansson, Co-Founder & Co-CEO of Enfuce, comments: “We are proud to partner with allpay, a leading player in the UK, to help them provide cost effective, secure and convenient payment solutions across local authorities in the country, making a positive contribution to the community. This strategic partnership represents a significant milestone in Enfuce’s journey towards growth and also serves as a foundation to drive our expansion across the UK, Europe and beyond.”
Michelle Pacey, Managing Director at allpay, comments: “Partnering with Enfuce allows us to leverage their advanced technology and expertise to enhance our payment solutions. This collaboration is a significant step in our commitment to providing secure, efficient and reliable payment services to the UK public sector, ultimately benefiting the communities we serve.”
For more information:
Nicole Heringer
VP Brand and Communications
press@enfuce.com
About Enfuce
Founded in 2016, Enfuce is a female-founded and led company with a unique vision: to bring the brightest minds and the best technology together to break down the barriers to prosperity. As a leading global card issuer and payment processor that merges innovation, security, and expertise to create modular, cloud-based payment processing capabilities, Enfuce is one of Finland’s most valuable scaleups, and is the first financial service provider in the world to be PCI-DSS certified while running its service in the public cloud. By focusing on collaboration, Enfuce is able to efficiently provide customers with cutting edge features – offering in-house experts and white labelled technology to help companies create scalable payment solutions with ease. Supporting debit, credit, prepaid, gift, fleet and fuel card programmes in any form – for consumer, commercial and B2B applications – Enfuce’s no-nonsense approach helps customers create bespoke payment solutions that are flexible, scalable and secure.
Holding an Electronic Money Institution (EMI) licence from the Finnish FSA and from the UK’s Financial Conduct Authority (FCA), enabling operations across Europe and the UK, Enfuce’s PCI-DSS certified platform guarantees 99.999% uptime, global scalability, and card scheme connectivity, supporting various card programs and integration with digital wallets. Enfuce has raised €68.5 million in funding rounds, showcasing its industry leadership with recognitions like Visa Fintech Fast Track and Mastercard Lighthouse Development Program participation, as well as winning prestigious awards, such as the 2019 PayTech Award for Best Payments Solution, 2022 FF Award for Mobile Payments and the 2023 FF Award for Authentic ESG. Propelled by the forward-looking vision of its Co-CEOs and Nordic ingenuity, Enfuce is set to expand globally, shaping the future of payment solutions.
About allpay
As a business we pride ourselves on making payments easy. We stand as a leading payments specialist in the UK, facilitating the seamless collection and distribution of funds between organisations and their customers.
Established in 1994, allpay has consistently been at the forefront of payment aggregation, processing over £8.8 billion annually for over 900 public and private sector entities. With over three decades of experience, we now process in excess of 90 million transactions annually, offering a comprehensive bill payment solution that encompasses all major payment methods.
Our commitment to innovation has led us to pioneer the introduction of Prepaid Cards within the Public Sector. From card design to printing and fulfilment, all aspects are handled by our dedicated team. We are also proud to serve over 500 Housing Associations (HAs) and ALMOs, with 90% of the top 250 HAs in England and nearly 60% of all UK Local Authorities (LAs) choosing allpay for their bill payment services.
What sets us apart is our unwavering commitment to security and compliance. We adhere to the highest standards of PCI DSS compliance, hold various ISO certifications, maintain Bacs-approved Bureau status, and boast accreditations from Mastercard and Visa. In essence, allpay is the preferred payment supplier for the public sector, offering reliability, security, and efficiency in every transaction.
For more detailed information please visit www.allpay.net.
