Direct Debit bureau, Eazipay, receives FCA approval
April 10, 2014
Eazipay Ltd, the UKs largest Direct Debit processing company, has today announced it has received direct authorisation from City watchdog, the Financial Conduct Authority (FCA).
The announcement sees Eazipay become the first Direct Debit Facilities Management Bureau in the country to receive FCA approval, and further cements the company’s position as one of the UK’s leading Direct Debit processing companies.
Luisa Grey, Eazipay’s Director, comments, “We’re delighted to have achieved direct authorisation from the FCA. Obtaining this level of approval validates all of our efforts to improve the quality, delivery, and reliability of our services.
“Our customers, now more than ever, want to be confident that they are doing business with an organisation that can constantly meet and exceed their expectations. Successfully achieving direct authorisation from the FCA is a clear sign that we are committed to customer satisfaction and providing the highest levels of services and support.”
Cambridgeshire-based Eazipay provides regular Direct Debit collection and processing services to thousands of SMEs and corporate organisations in a wide range of market sectors throughout the UK, Europe and beyond.
In 2013, the company recorded its best ever year for Direct Debit collections when over £235 million worth of Direct Debits were processed on behalf of its clients.
The Financial Conduct Authority is set up to regulate the financial services industry in the UK. Its aim is to protect consumers, ensure the industry remains stable and promote healthy competition between financial services providers.
NOTES TO EDITORS
About Eazipay Ltd
- Established in 2002 by local entrepreneurs Kathy and Ron Bradney, and their colleague, Luisa Grey, Eazipay Ltd has become one of the UK’s fastest growing Direct Debit processing companies.
- Eazipay now provides regular Direct Debit services to over 1,000 companies in a wide range of market sectors throughout the UK, Europe and beyond.
- In August 2013, Eazipay recorded its best ever month for Direct Debit collections when £28.1million worth of Direct Debits were processed on behalf of its clients.
- Eazipay was awarded ‘Affiliate’ status from Bacs, the governing body for Direct Debit processing in the UK payments industry. The company is now a member of an exclusive group of 38 other Bacs Affiliates, which includes representatives from some of the UK’s leading businesses, banks and building societies, as well as government organisations and banking technology providers.
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