Insight & Analysis

Press release: Lloyds Bank accelerates strategic payments partnership with FreedomPay

Published: Oct 2023

11th October 2023 – Lloyds Bank has accelerated its strategic partnership with FreedomPay, a leading consumer-centric commerce platform, as part of its continued growth strategy to offer clients access to a suite of fast, efficient, and secure payments solutions.

Press release news paper

The partnership gives merchants using Lloyds Bank Cardnet access to FreedomPay’s advanced payment processing capabilities. The fully integrated, patented technology offers Lloyds Bank Cardnet customers the flexibility to process payments across borders, key sectors, point of sales and merchant service providers.

FreedomPay’s patented Next Level Commerce™ platform is an end-to-end cloud-based solution that offers fast, secure payments solutions to merchants while giving them access to the most up to date payment types and technologies. FreedomPay also supports popular payment methods such as mobile wallets functionality.

Melinda Roylett, Managing Director of Lloyds Bank Merchant Services, said: “Our renewed strategic partnership with FreedomPay will enable us to continue offering best-in-class payments solutions to our clients. We look forward to developing more benefits that add further value to the service we currently provide our clients with, to help them grow their businesses.”

Chris Kronenthal, President of FreedomPay, said: “Together with Lloyds Bank, we are redefining the customer experience for UK merchants by blending loyalty, security, and value-added-services. Through the FreedomPay platform, Lloyds Bank’s Cardnet service offers market leading capabilities, optionality, and innovation to merchants.”

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