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Checkout.com appointed as NewDay’s payments provider for debit card payments, processing millions of transactions annually
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NewDay is one of the largest providers of consumer credit in the UK, offering its own credit products including Aqua and Bip and powering consumer credit products for leading retailers AO.com, Argos and John Lewis
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NewDay is the latest enterprise to switch to Checkout.com, following the likes of Sainsbury’s, Homebase, Fraser’s Group, Heal’s and THG
15 February 2023 – NewDay, a leading provider of consumer credit in the UK, has appointed Checkout.com as its payments 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 cutting-edge payment tools – all accessed through a single technical integration. Within this, NewDay is leveraging Checkout.com’s payment services and revenue optimisation product – including Authentication, Fraud Detection Pro and Reconciliation – all designed to offer transparent reporting, fraud detection and ultimately best-in-class payment performance. Additionally, the move to simplify and streamline payments will deliver cost savings for the business.
“NewDay’s culture of innovation drives our focus on finding more effective and efficient ways to meet the future credit needs of consumers, and digital innovation sits at the heart of this. Through our partnership with Checkout.com we’re modernising our payments infrastructure with granular reporting, offering complete insight into performance in near-real-time,” said Stephen Payne, Director of Financial Control at NewDay. “Our partnership with Checkout.com 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 Nougue, Head of Commercial at Checkout.com. “I’m delighted to announce our deal with NewDay, which is a massive validation of everything we’ve strived to build.”
“Through our close collaboration with NewDay’s engineering and product teams, we’ve redesigned part of their payments infrastructure to develop a scalable and future-proofed solution. This includes the implementation of our reconciliation solution, which has given them complete oversight credit consumption across the group and granular reporting. 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,” said Adel Naamneh, VP Global Strategic Revenue Growth at Checkout.com.
As Checkout.com marks 10 years of its licence in the UK, the NewDay partnership follows a successive stream of wins for the UK payments firm. Recent deals include one of the UK’s largest supermarkets, Sainsbury's, global consumer tech giant Sony Electronics and British retailers such as THG and Frasers Group. Increasingly enterprise merchants are opting for Checkout.com’s single-platform approach to payments, after suffering from fragmented, legacy platforms offered by incumbent banking providers with supplementary payment offerings.
ENDS
Press contacts:
Checkout.com: [email protected]
Newday: [email protected]
Notes to Editors
12 months to 31 December 2021 NewDay processed 146 million transactions
About NewDay
NewDay is one of the UK’s largest providers of consumer credit with the simple purpose of helping people move forward with credit. We are proud to serve close to five million customers across the UK through our portfolio of brands designed to meet a range of different consumer credit needs. This includes five of our own brands, alongside a stable of retail and e-tail partnerships with leading brands.
About Checkout.com
Checkout.com is a global payments solution provider that helps businesses and their communities thrive in the digital economy. Purpose-built with performance, scalability and speed in mind, our modular payments platform is ideal for enterprise businesses looking to seamlessly integrate better payment solutions. With a global team spread across 19 offices worldwide, we offer innovative solutions that flex to your needs, valuable insights that help you get smart about your payments’ performance, and expertise you can count on as you navigate the complexities of an ever-shifting world. Find out more at www.checkout.com