Payatrader the provider of low cost card processing for small businesses, today announced it has been voted as the “Best Technology Initiative of the Year” at the prestigious 2013 Cards & Payments Awards.
Beating off strong competition from a number of major players, Best Technology Initiative of the Year was won by Acceptacard Limited for its Payatrader solution. Combining existing technology and developing new technology to provide a multi-channel payment processing solution, Payatrader, is the UK’s first payment processing proposition truly designed around the needs of small business. The judges felt this to be “a great example of the development of existing technology to meet commercial requirements.”
Acceptacard was also shortlisted with its Payatrader solution in the “Best Initiative in Mobile Payments” category for its work developing and launching the UK’s first, low cost mobile Chip& Pin terminal with SMS receipting, and in the “Best Industry Innovation of the Year” category, for making card acceptance accessible and affordable to millions of small businesses.
Bill Thomson, MD at Payatrader.com commented “To be shortlisted for three categories at this year’s awards is an honour, but to be voted as the ‘Best Technology Initiative of the Year’ is an outstanding achievement for the Acceptacard team. The award recognises the sophistication of our solution, the ease by which small traders can sign-up and use our services, our strong adherence to industry security standards and existing cardholder experience with Payatrader’s new pocket GPRS Chip & Pin device”
Payatrader was first conceived and developed to address a gap in the market for a “low cost, no financial commitment” card acceptance service, where small traders could take card payments on a Pay As You Go basis without the worry of monthly and minimum usage charges. This has since evolved to become the UK’s first fully integrated, low cost, debit & credit card acceptance solution, providing multi-channel payment processing (offering online, telephone, mobile, email, contact centre and low cost, mobile Chip & Pin) consolidated into a single online account – giving small businesses an industry leading service at an affordable price.
Bill added, “We will continue to invest and innovate to provide small businesses with the widest choice of payments options in the market and at a competitive price. At the same time we will continue to welcome new industry partners looking for a turnkey solution, trade associations, franchises and other intermediaries representing small business communities”
