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Tuesday 1st February 2011
Tesco, the UK’s largest retailer, has become the latest business to renew its commercial partnership with WorldPay, the UK’s leading payments acquirer. The contract renewal means that Streamline, responsible for WorldPay’s face to face payments, will continue to provide Tesco with its Visa card acquiring service for its stores across the UK and the Republic of Ireland.
Tesco placed great emphasis on securing a partner that was able to provide its stores with a system that was both highly reliable and fast. Tesco re-appointed WorldPay based on its ability to provide a robust and efficient service capable of meeting its high transaction volume requirements and reliable support at all times.
Michael Fletcher, Corporate Procurement Director at Tesco comments: “As the UK’s largest retailer, it is critical that the acquiring service we use is capable of handling the large volumes of card transactions which we experience on a daily basis and able to offer reliable support to us at peak trading times. WorldPay’s acquiring service is an ideal fit with our card transaction requirements.”
Raghav Prasad, Managing Director of Streamline comments: “We are delighted that our relationship with Tesco is continuing. As a key and valued client we look forward to developing our partnership over the coming years, working to ensure we both remain at the top of our game.”
He added: “We are committed to delivering the best service available to all of our clients, and continuing to focus on innovation to provide merchants with market-leading payment processing solutions.”
Notes to editors:
Streamline is the UK’s leading card payment acquiring business which allows customers to accept card payments at point of sale, over the phone and the internet. The company offers services across the entire payment value chain, including transaction capturing, merchant acquiring and transaction processing.
Clients vary in size from small family run companies to large multi-national corporations, spanning a broad spectrum of industries and sectors.
Streamline is part of the WorldPay group of companies; one of the top five global players in card processing.
Tesco is the world’s third largest retailer by revenues and second largest by profitability and market capitalisation. In addition to being the UK’s largest retailer Tesco operate in 13 countries with more then 4,330 stores worldwide.
Tesco was founded in London in 1919 and has grown from a single market stall to become a diversified global retailer.
