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cloudBuy partners with Worldpay

Apr 29, 2014

Cloudbuy PLC
RNS Number : 6800F
29 April 2014


cloudBuy plc
("cloudBuy" or the "Company")
cloudBuy partners with Worldpay


LONDON - Tuesday 29 April 2014 - cloudBuy plc (AIM: CBUY), the cloud eCommerce marketplace, and Worldpay, the UK leader in payments, have agreed a partnership which will enable cloudBuy customers a new fast-track service for merchant accounts.

The deal will allow approximately 117 local authorities across the UK, to start taking debit, credit and commercial card payments though their local marketplace website, giving their customers an easy to use payment option when shopping online.

Partners for the last 10 years, cloudBuy and Worldpay have agreed a highly competitive proposition for cloudBuy customers, many of which provide access to local health and social care services.

By taking online card payments, these local authorities are making it easier for people to access a wider range of health and social care products and services, from pre-approved suppliers.

Local authorities will also benefit from speedy settlement back into their business account, freeing up administration time previously spent collecting and chasing payments.

As cloudBuy marketplace websites are so easy to use, they are quickly being adopted by many local authorities across the UK. Care is a particularly complex area for ecommerce, and each local authority has thousands of suppliers.

cloudBuy is the only ecommerce provider to the UK care provider community.

Ronald Duncan, Chairman of cloudBuy commented, "With the Worldpay partnership, we can now provide new and existing customers, a faster, more competitive merchant account referral service, which will allow them to start taking Visa and MasterCard payments through our ecommerce websites in a matter of days." 

Dave Hobday, Managing Director of Worldpay UK, commented, "We are pleased to be working with cloudBuy to help more local authorities provide simpler, easier payment services. These authorities provide a vital service to the community, so they deserve to get all the benefits of trading online - quicker payments, greater security, and swift settlement."

For further information, please contact:

cloudBuy plc
Ronald Duncan, Chairman
Tel: 0118 963 7000

Westhouse Securities Limited
Tom Griffiths/Richard Johnson
Tel: 020 7601 6100

Newgate Threadneedle
Caroline Forde /Alex White /Robyn McConnachie
Tel: 020 7653 9850

About cloudBuy PLC

CloudBuy, formerly @UK, is the world's leading transactional Cloud Platform.

CloudBuy have used the platform to build the world leading B2B ecommerce and eprocurement applications which address the full range of buying and selling activities, in an easy to use web and mobile experience. Along with other cloud based applications including content management, email and big data analysis.

The applications have already managed over $500 billion of spend and are being used by leading organisations around the world to deliver savings and improved services.

The applications are unique in delivering correct pricing in the complex world of B2B whilst being easy enough to use that the people with difficulties can use the system to buy their own social and health care. For more information visit www.cloudbuy.com

About Worldpay

The UK leader in payments, Worldpay helps businesses of all sizes sell more to their customers - by accepting credit and debit card payments in-store, online, via mail or telephone, and on the move. We handle nearly half of all card payments made on the UK high street.

Globally, Worldpay processes over 8.4 billion transactions every year. Our online payment options cater for over 200 payment types in 115 currencies. www.worldpay.com

This information is provided by RNS
The company news service from the London Stock Exchange

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