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DNA Payments acquires Active Merchant Services

DNA Payments acquires Active Merchant Services

DNA Payments Group (DNA), a fast-growing vertically integrated payments company, acquired Active Merchant Services (also known as Active Payments) a UK-based independent sales organisation with more than 2,500 merchants.

This acquisition brings DNA’s customer base to c. 30,000 merchants and 57,000 terminals in the UK and EU with the actual processing volumes of transactions to over £5.5 billion per annum. This transaction marks DNA’s third acquisition in the last 14 months as it plans to further expand in its core markets with more acquisitions in different segments of payments value chain planned for this year.

Nurlan Zhagiparov, director of DNA Payments added:

“We are welcoming Active Payments to DNA’s group. In late 2019, DNA acquired the CR7 Group of companies and turned it into profitability in 6 months. Despite the global COVID-19 pandemic, the year of 2020 was truly transformative for the group as we added acquiring services, industry leading e-comm proposition, Pay by Link, Pay by Bank and many other payment methods which help our customers to operate even during lockdowns. DNA Payments Group’s estate have organically grown by more than 50% in 2020. We are tier agnostic and serve our SME customers through one of the UK’s oldest Independent Sales Organisations – 123 Send. Now, Active Payments’ customers will have access to our amazing service propositions and product set, we look forward to the great future in 2021 and beyond”.

DWF in London and Manchester provided legal transactional support to DNA Payments on the acquisition with EY providing support on financial and tax aspects of the transaction.

About DNA Payments

DNA Payments Limited is one of only a few independent, fully vertically integrated payments companies in the UK and EU. DNA Payments Group owns the UK’s largest independent omnichannel gateway – Optomany, which services large corporates and medium-size businesses. 123 Send Limited is also part of DNA Payments that provide services to SME customers. They are also one of the largest providers of PaaS and SaaS services to multinational Acquirers and Banks.

DNA Payments is committed to build a transparent business model so that customers can easily track their money at each stage whilst it is being processed through the use of fast and efficient technology. DNA Payments Limited is authorised and regulated by the Financial Conduct Authority, under the Payment Services Regulations 2017 for the provision of payment services.

To see the original press release on the DNA website please click here

 

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Contactless limit in UK to be increased to £45

Contactless limit in UK to be increased to £45

The spending limit for contactless card payments will be increased from £30 to £45, with a national roll-out beginning from 1 April 2020, UK Finance has announced.

The decision to raise the limit was taken following consultation between the retail sector and the finance and payments industry and follows similar increases in several other European countries over the past week.

The changes were already under consideration by the industry, but the process has been expedited as part of the industry’s response to the Covid-19 outbreak to support consumers who choose to pay using contactless at this time.

From 1 April 2020, consumers will begin to see an increasing number of retailers accepting contactless card payments up to the new £45 limit. Given the pace at which this change is being rolled out, the new limits will take some time to be introduced across all retailers, including some of those facing additional pressure due to the Covid-19 outbreak.

For consumers spending more than £45, there are many ways to choose to pay, for example through Chip & PIN, cash and alternatives such as mobile payments which do not have an upper limit when authenticated through biometric technologies.

“The payments industry has been working closely with retailers to be able to increase the contactless payment limit to help customers with their shopping at this critical time for the country.

“This will give more people the choice to opt for the speed and convenience of purchasing goods using their contactless card, helping to cut queues at the checkout.

“The industry continues to work closely with the government and regulators to support customers impacted by Covid-19 and ensure that they can pay in a way that suits them.” Stephen Jones,

CEO , UK Finance

For more information please call the UK Finance press office on 020 7416 6750 or email press@ukfinance.org.uk
Covid 19

Covid 19

In regards to the current situation with Covid-19 we would like to share some important information with you to keep you up to date with our operations.

Our priority currently remains on ‘Business as Usual’ and providing an uninterrupted service to you, whilst remaining diligent and responsive to government recommendations and guidance regarding our own team members.

We understand that concerns about the impact to potential business are front of mind, so hopefully, the below will help shed some light on our operations:

OPERATIONS

  • We have enough stock of payment terminals for the foreseeable future
  • Our Technical Helpdesk is available as normal
  • Our Logistics Services are currently unaffected and operating as normal for device swapout and delivery
  • All Customer Service and Administrative functions are operating as normal

STAFF

We are of course monitoring the situation closely and planning for different scenarios in conjunction with talking to our various partners and suppliers about their own plans.

We are able to provide services to businesses who are looking to start taking payments remotely at short notice – please give us a call on
03332 400 822 to discuss.

Lastly, we sincerely hope that the impact of Covid-19 is minimal to all individuals, families and businesses.