Company announcement: Crunch Payments

Payment card programme manager Crunch Payments has appointed TransactPay as its preferred card issuer.

London-based Crunch acts as a one-stop traditional programme manager for start-ups, small, medium and large businesses, offering them a quick, cost-effective and hassle-free route to delivering a payment card service for their customers.

Ionut Neacsu, CEO of Crunch, says: “We need a card issuer that we can depend on because it makes our lives and our clients’ lives easier. TransactPay brings experience, knowledge, common sense and a very good reputation to the table. We know they will help us to deliver a smooth, high-quality service to our clients.”

Crunch’s end-to-end payments card system covers everything from back office operations, a full set of application programming interfaces, card issuing and customer onboarding to payment processing and fraud detection. The white label system has flexibility built in, allowing clients to brand their payment cards and related cardholder website and mobile apps with their own logo and colour scheme, and define how they want the product to work.

Crunch brings an in-depth knowledge of the payments industry to the service it offers to clients. Originally set up as a product within the GPS payments processing platform, the company was later spun out and continues to use GPS for its transaction processing. Crunch Founder and Director Craig Dewar also co-founded GPS and continues to sit on its board of directors, while Io previously worked as Product Owner for GPS’ Compliance Products.

Noel Smith, Business Development Director at TransactPay, says: “We’re delighted to be working with Crunch Payments as their preferred card issuer. As one of the few traditional payment card programme managers on the market, they deliver a valuable service to the growing number of businesses who want a hassle-free way to offer their customers extra benefits.

“The company’s history with GPS also means it has expert knowledge of the processing platform it is working with and what it can deliver for clients.”

 

About Crunch Payments Limited

Crunch Payments Limited offers a corporate end-to-end payment solution, which can be used for payroll, expense payments, general payouts, and commission and incentive payments. The solution includes the Crunch Card and the Crunch Platform, both of which are available as white label or co-branded products. The platform is a fully comprehensive, web-based card and cardholder management platform for Crunch plastic and virtual cards. All of Crunch’s programs are fully protected from fraud by GPS Protect.