Templar and Spell.

Spell partners with disruptive Fintech newcomer, Templar Payments™

Spell, the credit reports and business intelligence giant, has partnered with SaaS FinTech scale-up Templar Payments™, to close the tech chasm emerging in the payments industry between FinTech Giants and Everyone Else.

The Templar platform is standalone, white-label onboarding software which fits neatly into merchant services brokers’ existing systems and processes, allowing them to instantly offer merchants a digital-first onboarding process as seamless as those of the FinTech Giants. Partnering with Spell payment gateway allows us to offer ISO’s a white-label payment gateway with beautiful, easy UX designs and easy integrations with no financial barrier to entry. (A lot of white-label payment gateways are 90’s looking things that take a year to learn how to use and cost the ISO up to £50,000 to set up.)

Spell and Templar are able to work so well together because they are both able to move quickly and decisively. The two company’s technology complement one another perfectly, both from a design perspective, and because both can be built on and scaled at pace.

Spell’s integration into Templar Payment’s merchant onboarding module smooths out the application process for ISO’s customers. However, in future modules it will also decrease onboarding time, by presenting merchant applications to financial institutions’ risk and compliance teams with all relevant information about financial and criminal risk, approvals can be instantaneous.

This would be a game-changer for the e-commerce market segment, where risk needs to be assessed carefully before banks can make a decision on a merchant. And for the POS market, which boasts a large number of freelance salespeople/1-man band ISO’s, an accessible solution with which to address the tech gap would be vital — especially considering that it is this market segment competing with FinTech Giants for lower-risk merchants’ business.

The tech gap in the payments industry will be addressed by Templar Payments in more detail in the Webinar, The Digital Chasm: How to level the tech playing field between FinTech Giants and Everyone Else., 3 pm-4 pm Monday 17th May. Please see the company’s LinkedIn page for more details: https://www.linkedin.com/company/templar-payments/mycompany/?viewAsMember=true

For more information, please contact:

Kathryn Miller

Co-Founder, Templar Payments Ltd.

Kathryn.miller@templarpayments.com

+447709298000

Nathan Watkins

Co-Founder, Templar Payments Ltd.

Nathan.watkins@templarpayments.com

+447935602989