CardSave is a UK-based
payment processing company, the organisation was rebranded to
WorldPay in February 2014 after being acquired by
WorldPay in December 2010. It provides an online
payment gateway
A payment gateway is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payments processing for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. The ...
and
point of sale credit card processing for small to medium
businesses.
Overview
WorldPay (formerly Cardsave) provides electronic point of sale terminals to merchants, plus a backup manual card processing machines, known as the "zip-zap" machine. The latter is available in case the former becomes faulty.
The companies head office is in
Grimsby
Grimsby or Great Grimsby is a port town and the administrative centre of North East Lincolnshire, Lincolnshire, England. Grimsby adjoins the town of Cleethorpes directly to the south-east forming a conurbation. Grimsby is north-east of L ...
, England, with offices in
London
London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...
and
Nottingham
Nottingham ( , locally ) is a city and unitary authority area in Nottinghamshire, East Midlands, England. It is located north-west of London, south-east of Sheffield and north-east of Birmingham. Nottingham has links to the legend of Robi ...
. However, since the merge with
WorldPay they now have offices in
Gateshead,
Cambridge
Cambridge ( ) is a College town, university city and the county town in Cambridgeshire, England. It is located on the River Cam approximately north of London. As of the 2021 United Kingdom census, the population of Cambridge was 145,700. Cam ...
and
Manchester
Manchester () is a city in Greater Manchester, England. It had a population of 552,000 in 2021. It is bordered by the Cheshire Plain to the south, the Pennines to the north and east, and the neighbouring city of Salford to the west. The t ...
as well.
History
Cardsave was formed in 1995 by an independent retailer to negotiate lower rates for
credit card
A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the o ...
processing, their aim was to reduce the processing charges that were set by the main commercial banks. Although they offered their services to various businesses, their main clients were
tyre fitters and
hairdresser
A hairdresser is a person whose occupation is to cut or style hair in order to change or maintain a person's image. This is achieved using a combination of hair coloring, haircutting, and hair texturing techniques. A Hairdresser may also be re ...
s.
In 2007 Clive Kahn, former Chief Executive of
foreign exchange
The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all as ...
company
Travelex
Travelex is a foreign exchange company founded by Lloyd Dorfman and headquartered in Peterborough. Its main businesses are foreign currency exchange, issuing prepaid credit cards for use by travellers, supplying central banks with foreign curre ...
, led a £72m buyout of Cardsave, backed by
private equity firm
A private equity firm is an investment management company that provides financial backing and makes investments in the private equity of startup or operating companies through a variety of loosely affiliated investment strategies including lev ...
, Exponet. In March 2010 Cardsave acquired TNS, a UK POS terminal hire business, which mainly provides terminals to
petrol station
A filling station, also known as a gas station () or petrol station (), is a facility that sells fuel and engine lubricants for motor vehicles. The most common fuels sold in the 2010s were gasoline (or petrol) and diesel fuel.
Gaso ...
s. On 21 December 2010 Cardsave was acquired by a former partner company, the UK card processor WorldPay.
Cardsave was re-branded to WorldPay in February 2014.
References
{{Reflist
External links
Cardsave Official WebsiteOverseas Recharge PlatformWireless Credit Card Terminal
Companies based in Grimsby
Payment service providers
2010 mergers and acquisitions