According to BIBA, Fidelity Payment created a “real alternative to the big banks”. Since launching in 2004, it has been committed to making card payments easier, faster, safer and cheaper. 50,000 clients now use their services to receive more than £25bn around the world every year.
The Fidelity global network will enable brokers and their customers to collect Visa, Mastercard and Amex payments through familiar insurance broker management systems like Acturis, Open GI, Applied, Schemeserve and Transactor.
Ben Cohen, managing director, said: “Our customers really value the flexibility and support our services provide. We are sure that brokers will appreciate the ease of taking card payments through us which is why we are delighted to have become a BIBA associate member.”
Steve White, BIBA’s chief executive, concluded: “The world of payments is changing and we welcome Fidelity Payment on board allowing BIBA members to benefit from their experience and insurance sector knowledge.”