Checkout.com forges payments partnership with NewDay
By Gloria Methri
NewDay, a provider of consumer credit in the UK, has appointed Checkout.com as its payment provider for debit card payments. The new partnership will see NewDay streamlining its payment process, operations, and reporting.
NewDay has close to five million customers in the UK and processes millions of transactions annually. It operates multiple direct-to-consumer credit products and powers products for leading merchants such as AO.com, Argos and John Lewis. The deal, which is already live, sees NewDay process its card processing through the Checkout.com platform.
The partnership offers NewDay access to the complete suite of Checkout.com’s payment tools – accessed through a single technical integration. Similarly, NewDay is leveraging Checkout.com’s payment services and revenue optimisation products – including Authentication, Fraud Detection Pro, and Reconciliatio. Moreover, the move to simplify and streamline payments will deliver cost savings for the business.
“Through our partnership with Checkout.com we are modernising our payments infrastructure with granular reporting, offering a complete insight into performance in near-real-time,” said Stephen Payne, Director of Financial Control at NewDay. “The partnership will enable us to rapidly increase the pace of our innovation to deliver new forms of responsible credit to market quicker.”
“We continue to see legacy technology hamper innovation across the digital economy, and inflate costs,” said Antoine Nougué, Head of Commercial at Checkout.com. “I am delighted to announce our deal with NewDay, which is a massive validation of everything we’ve strived to build.
“Our partnership continues to uncover new ideas and business opportunities, areas our teams will explore in our upcoming hackathon to further disrupt the payments industry together,” added Adel Naamneh, VP Global Strategic Revenue Growth at Checkout.com.
As Checkout.com marks 10 years of its license in the UK, the NewDay partnership follows a stream of deals for the payments firm. Recent ones include Sainsbury’s, global consumer tech giant Sony Electronics and British retailers THG and Frasers Group.
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