Nationwide Building Society extends partnership with Visa

By Gloria Methri

Visa has renewed its longstanding partnership with Nationwide Building Society, reaffirming its role as the preferred card scheme provider for the UK’s largest building society. This extension of their 35-year collaboration aims to deliver enhanced debit and credit card services to Nationwide’s 16 million members, while introducing new account-to-account payment capabilities.

Under the terms of the renewed agreement, Visa will continue to supply debit and credit card products to Nationwide’s current account and credit card customers. In a significant development, Visa will also provide services encompassing both card-based and account-to-account payment types, marking a first for the partnership.

This strategic move reflects a shared commitment to delivering seamless user experiences and robust fraud prevention measures across all payment channels. Visa’s investment of £8 billion in technology over the past five years underscores its commitment to enhancing security and reliability in digital payments.

Beyond the expansion of payment services, Visa and Nationwide have announced plans to co-develop a series of joint programmes aimed at delivering greater value to UK high streets. Specific details of these initiatives are forthcoming, but they are expected to focus on supporting local businesses and promoting community engagement .

Tom Riley, Director of Retail Products at Nationwide, said, “Expanding our partnership with Visa is an important move, as it means we can continue to provide new innovative products and services to our current and future members. We’re excited to work together to deliver new ways to pay and protect our members’ money, so they continue to choose Nationwide actively.”

Mandy Lamb, Managing Director UK & Ireland at Visa, said, “We are proud to build on our long-standing relationship with Nationwide to deliver debit and credit solutions that its members will love. Our ambition is to ensure Nationwide members can pay and be paid with ease, while offering the security needed to pay with peace of mind. At Visa, we have invested £8 billion in technology over the past five years, including to reduce fraud, and we look forward to continuing to expand our capabilities to keep customers safe.”