Form3, the cloud based end-to-end secure standard for global payments processing, has announced the partnership with Apply Financial, the specialist payments validation company. The deal will further enhance the Form3 Payments-as-a-Service platform with powerful automation services to validate, enrich, and fix single and bulk payments. Together this will allow clients to access payments schemes through a single API making payments processing, automation and integration easier.
The payments industry is undergoing massive change and disruption – key issues include the difficulties that come with fragmented, expensive and difficult to implement systems. Clients use Form3 to send and receive payments quickly, cost-effectively and reliably via the cloud, with no infrastructure requirements and minimal up-front investment. By integrating Apply Financials API’s, clients will achieve 100% STP rates, as well as secure data and complying with regulatory requirements.
The Form3 cloud solution includes simple API’s for clients to easily connect with their banks and directly into payment systems such as Faster Payments, Bacs, SEPA, CHAPS and SWIFT, without a complex web of disparate technologies.
Mike Walters, Chief Product Officer at Form3, says: “Our goal is to simplify and streamline the payment process for our clients – so they can deliver better customer experience, gain greater operational control and operate cost effectively. Form3 clients needed to move away from dealing with a complex web of vendors and technologies and accept that highly customised systems and manual processes are a thing of the past. Our partnership with Apply Financial solves this problem for payment data quality with simple access to the full universe of payment validation services”.
Mark Bradbury, CEO at Apply Financial, said: “We are very excited to be working closely with Form3 as we have followed their progress with great interest. We share the same vision of providing quality API based technology to enable banks and Fintech’s to dramatically improve customer experience, automation and service levels”.