ClearCourse bolsters Direct Debit offering with the acquisition of Secure Collections
By Joy Dumasia
ClearCourse Partnership, a group of innovative technology companies providing practical, integrated software solutions, announces a deal to acquire Secure Collections, a Bacs-approved Direct Debit Bureau based in Newcastle upon Tyne. Secure Collections will join the Group’s rapidly growing Payments division and bolster its direct debit offering, ClearDebit.
Secure Collections’ services are highly complementary to ClearCourse’s existing direct debit offering, ClearDebit. ClearDebit is a full-service, Bacs-approved bureau trusted by hundreds of organisations to support their direct debit and direct credit processing. With this acquisition, ClearDebit will make Secure Collections’ FCA-approved Facilities Managed Direct Debit (FMDD) service available to an additional 20,000 customers currently being serviced by the various brands within ClearCourse.
The software Secure Collections deploys to run its services is developed by Mosaic Software, one of ClearCourse’s existing brands which now forms part of ClearDebit, making this a smooth and straightforward transition for Secure Collections’ clients. As part of ClearCourse, Secure Collections will also benefit from a range of other value-added services and access to investment for expansion and operational guidance from the ClearCourse management team.
Gerry Gualtieri, CEO of ClearCourse, commented: “Each organisation has a very different approach to managing the intricate payments process. Within our portfolio of customers, some of the bigger organisations have a Service User Number (SUN) and are able to process their own direct debit payments. But those that aren’t big enough still have payments to be processed. They need a partner that can collect payments from customers quickly and efficiently, removing the need for firms to obtain their own SUN. This functionality (FMDD), provided by Secure Collections, will complete ClearDebit’s offering. Secure Collections aligns well with the businesses within ClearCourse, and we are thrilled to welcome the team to the ClearCourse family. Alan and Bernie have built a commendable business, and we wish Alan a happy and restful retirement when it comes.”
Bernie Brown, Co-Founder and Technical Director of Secure Collections, said: “Joining ClearCourse is an exciting development in the right direction. It ensures stability as well as succession, especially as Alan enters a well-deserved retirement. The Group provides us with numerous opportunities to expand, improve and grow our infrastructure and current service offerings in particular its proprietary card payments acceptance service ClearAccept, which is complementary to what Secure Collections offers. We will continue to live up to our ethos of offering personalised service to all our loyal customers and look forward to a new and exciting chapter in our evolution.”
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage