Utility Warehouse (UW), has selected cloud-based payment processing platform, Paymentology, to process its cashback card transactions. UW customers can benefit from cashback from thousands of market-leading online and high street retailers, including Sainsbury’s, Boots, and M&S. This cashback is automatically offset against their monthly utility bill.
UW, the UK’s only multiservice provider, offers customers all their home services – energy, broadband, mobile, landline and home insurance – in one monthly bill. These customers can choose to receive a cashback card, which helps them save while they spend as well as benefiting from reward points as they spend with partner retailers. Customers can get up to 7% off their purchases.
The functionality provided by the Paymentology platform ensures that UW customers will benefit from market-leading fraud protection and split-second balance checking at the point of sale, meaning that purchases are cleared almost instantaneously.
Ben Wigoder, Head of Financial Services at UW, said: “After an extensive process, Paymentology emerged as the clear leader to take on our cashback card. Its fraud protection service adds another layer of security for our customers and its technology gives us a platform to build new features into our card in the future. We’re excited to begin our partnership with Paymentology and look forward to working together in the future.”
Shane O’Hara, CEO of Paymentology commented, “Working with UW is an important step for us in our growth as we expand the reach of the Paymentology platform across both banks and retailers. Moreover, though it is a good opportunity for Paymentology to play its part in helping consumers manage their budgets in these difficult coronavirus times.”