Payment services now an approved Paylink solution

Paylink Solutions’ year is going from strength-to-strength after being approved by the FCA to add payment initiation services (PISP) to its existing Permissions as an Authorised Payment Institution under PSD2.

Paylink is now authorised to provide a payment initiation service, which will use Open Banking technology to enable individuals to pay companies directly from their bank accounts rather than using debit or credit cards.

Susan Rann, CEO of Paylink Solutions, said: “This is a fantastic achievement and means Paylink can offer a payment initiation software solution for its customers to improve their digital customer payment journey and reduce transaction processing costs. This provides a whole host of new business development opportunities.”

As providing payment initiation services is one of the new permissions supplied as a result of the Open Banking initiative, Paylink had to go through rigorous FCA checks to make sure the relevant procedures and policies are in place to make sure customers are provided with a reliable and secure payment journey.

Susan continued: “I’m so pleased we’ve been approved by the FCA to provide payment services. It opens so many doors for us in terms of being able to provide additional software solutions for new and existing clients and means we can work towards achieving our ambitious plans for growth.”

Paylink Solutions’ CEO scoops national innovation award

Our CEO, Susan Rann, is celebrating after winning the Innovator of the Year – Non Credit category at this year’s Women in Credit Awards.

She was recognised for demonstrating achievements that have brought something new for the financial services sector and beyond.

Since becoming CEO of Paylink Solutions in 2018, Susan has focused on developing market-leading software solutions for the financial services sector. With a thirst for innovation and new technology, Paylink Solutions is leading the innovation of new affordability tools for the sector.

Susan commented: “The Women in Credit Awards is a great opportunity to take note of the fantastic determination and range of projects that are being showcased right across our sector. It’s fantastic to see that the achievements at Paylink are at the forefront of industry innovations.”

Our sister company PayPlan, one of the UK’s largest free debt help provider was also successful at the prestigious ceremony. CEO Rachel Duffey took home the Transformation of the Year and Business Leader of the year awards.

Credit Strategy launched the Women in Credit Awards in 2018 to empower, connect, support and uncover achievements among women in the profession. The ceremony was held in London on Thursday, 21 March.

Find out more about how Paylink Solutions can benefit your business here.