CashFlows®, part of the Voice Commerce Group and provider of innovative business payment solutions, announces today that it is launching a charity credit card scheme to run alongside its existing small business payment support activities in the UK. The announcement follows Lloyds Banking Group's withdrawal of Halifax and Bank of Scotland charity credit cards which help raise money for Cancer Research UK, the NSPCC and the Scottish SPCA.
As a Supervised Financial Institution and Principal Member of the Visa Europe and MasterCard schemes, CashFlows® offers a global payments network and directly operates payment card issuing and acquiring services.
CEO and founder of CashFlows®, Nick Ogden, has decades of experience in the financial services industry and supported the Diana Memorial Fund through his former company, WorldPay.
Commenting Nick Ogden said,
CashFlows® is at the forefront of innovation in the financial services industry and we are already supporting many UK SMEs. Our card issuing services are able to provide support for charities and in the current economic situation it is vital that we try and support them, whilst they face inevitable cuts in donations across the board.
Fortunately, changes in legislation over the past few years, combined with support from the Government, the FCA and the Payments Council, are enabling new types of financial institutions to exist. There is a clear requirement for financial services to continue to support our economy as it slowly fights its way out of the ongoing credit squeeze and that is a role that CashFlows is keen to support.