BB Merchant Services taps Ordo to cut payment processing fees
By Gloria Methri
Payment processing and banking consultancy BB Merchant Services has partnered with Ordo to help reduce merchant costs and drive innovation with Open Banking.
As businesses face increasing challenges with rising payment processing costs, maintaining margins, service standards, and fraud prevention, this partnership offers a compelling alternative. The solution, Pay by Bank, uses real-time bank transfers to bypass intermediaries, cutting fees and ensuring secure, instant fund settlement.
The process for payers is equally straightforward. They select their bank at checkout and authorise the transaction via Strong Customer Authentication. There is no need to enter card details, sort codes, or account numbers, and no app downloads are required—just a quick, secure payment process.
This collaboration enhances efficiency but and modernises the traditional payment process, helping businesses stay competitive and adapt to technological advancements.
BB Merchant Services, in conjunction with Ordo, provides a cost-effective payment benchmarking solution that identifies and eliminates unfair card fees and offers a secure, streamlined experience.
The partnership also includes comprehensive support, such as education, integration assistance, and a strong focus on security, ensuring a smooth transition to these advanced payment solutions.
“Our goal is to demonstrate that Open Banking is a strategic asset,” said Fliss Berridge, Director and Co-founder of Ordo. “Partnering with BB Merchant Services enables us to help businesses leverage Open Banking to achieve significant cost reductions in payment processing while also benefiting from enhanced security and efficiency.”
“Through this partnership, we are continuing to expand ways we can help our clients to lower payment processing costs and access a more efficient, customer-friendly payment solution,” added James Yerkess, Head of Marketing. “It is about staying competitive and leveraging innovation in the marketplace to reduce unfair payment processing costs in today’s fast-paced market.”
The Ordo-BB Merchant Services alliance aims to redefine payment services by empowering merchants to harness the full potential of Open Banking.
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage