Ebury and mypensionID to optimise pensioner payments
Leading digital verification company mypensionID, developed out of Target Professional Services, and global FinTech Ebury, today announce a new partnership to increase member value, security, transparency and service in the pensions sector. mypensionID will now offer its clients services in conjunction with Ebury, a leading global payments business backed by Santander Bank, that specialises in cross-border financial services and risk management.
The partnership will mean that mypensionID clients will be able to receive competitive services for
payments made to overseas pensioners from Ebury. It reflects a shared objective in ensuring the best value for pension schemes, ensuring Secure Digital Verification for members and continued support for pension administrators.
The partnership follows the continued success of the mypensionID application, which provides a secure method of connecting people with their pensions and ultimately their payments to ensure they are paid securely and promptly to the correct individual.
It also reflects the growing trend for FinTechs to combine their offerings and improve access to products and service for customers around the world.
Owain Walters, Managing Director of Mass Payments at Ebury, commented: “Connecting Ebury with mypensionID will make it easier for pension administrators to ensure best value for scheme member payments alongside streamlining proof of life and trace solutions for the industry.”
Lisa Lyon, Managing Director at Target Professional Services: “Our aim is to optimise the security and value of cross-border pension payments for the UK’s overseas pensioner community. By adding Ebury as a partner to our mypensionID solution, we hope to drive an increase in member value, transparency and customer service in another digital leap forward for the sector.”