Checkout.com inks payments deal with UK consumer credit specialist NewDay

Checkout.com has been appointed as the debit card payments provider for NewDay, the fifth largest card issuer in the UK processing £6 billion consumer credit products annually for retailers including Amazon, AO, John Lewis and Argos.

The partnership offers NewDay access to the complete suite of Checkout.com’s payment tools, accessed through a single technical integration.

“Our culture of innovation drives our focus on finding more effective and efficient ways to meet the future credit needs of consumers, and digital innovation sits at the heart of this,” says Stephen Payne, Director of Financial Control at NewDay.

“Through our partnership with Checkout.com we’re modernising our payments infrastructure with granular reporting, offering complete insight into performance in near-real-time. Our partnership will enable us to rapidly increase the pace of our innovation to deliver new forms of responsible credit to market quicker.”

“We continue to see legacy technology hamper innovation across the digital economy, and inflate costs,” says Antoine Nougué, Head of Commercial at Checkout.com.

“I’m delighted to announce our deal with NewDay, which is a massive validation of everything we’ve strived to build.”

“Through our close collaboration with NewDay’s engineering and product teams, we’ve redesigned part of their payments infrastructure to develop a scalable and future-proofed solution,” says Adel Naamneh, VP Global Strategic Revenue Growth at Checkout.com.

“This includes the implementation of our reconciliation solution, which has given them complete oversight credit consumption across the group and granular reporting.”

“Our partnership continues to uncover new ideas and business opportunities, areas our teams will explore in our upcoming hackathon to further disrupt the payments industry together.”

Other recent deals for Checkout.com include Sainsbury's, Sony Electronics, THG and Frasers Group.