GoCardless selects Form3 for Bacs payment connectivity

By Gloria Methri

GoCardless has selected Form3, the cloud-native account-to-account platform, for Bacs payment connectivity to support the scale-up of its UK operations.

Form3’s technology solution provides GoCardless with improved operational and technical resilience to ensure that service continuity is maintained as its UK business grows. As a bank payment provider in the UK, GoCardless processes over 4% of the UK’s Direct Debit volume (based on data from PayUK).

With over 250 million payments now going via Bacs annually, implementing a solution with bank-grade payment submission channels has been a core part of its growth strategy.

Neil Turner, Chief Technology Officer of GoCardless, said, “Tens of thousands of customers in the UK trust GoCardless to collect their payments and keep cash flowing within their businesses. Having the right systems in place to process these payments and the ability to handle millions more transactions each month is potentially fundamental to our business. Form3 has the reputation of offering fast and resilient payment processing that can match our ambitious growth. We look forward to working with them.”

Mike Walters, Form3’s CEO, said, “Form3 has the payment technology that GoCardless can rely on for operational resiliency, speed, and the ability to scale to support its UK business growth. Today’s announcement further demonstrates how we help the biggest and most ambitious fintechs with their next phase of expansion. We’re proud to work with togrther.”

Form3’s account-to-account platform gives GoCardless the flexibility to connect to other payment schemes across the UK and Europe in the future. This can further support scale up activity, as and when it is required.