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Ebury and mypensionID to optimise pensioner payments

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16 December 2020

Written by
Marta Alvarez

Global Marketing Executive

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.

m
ypensionID 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.”

About Ebury

Ebury enables cross-border transactions for companies, institutions, and banks and their clients that want to trade internationally. Established in London in 2009, Ebury is one of the UK and Europe’s largest and best funded fintech companies. Juan Lobato, a serial entrepreneur, and Salvador García, an expert in Financial Services, created Ebury to make it easier for businesses to grow internationally.
Over the years Ebury has become the biggest fintech global transaction platform to help businesses trade internationally. Businesses with Ebury can get access to a global platform that allows them to make cross-border payments, receive international collections, manage currency risk and get access to financing.
Ebury currently employs circa 1,100 staff across 25 offices in 20 countries and is serving over 49,000 businesses internationally. What started in the UK is now a global company with offices in several European countries, the Middle East, Hong Kong, Australia and Canada. Ebury investors include Banco Santander, 83North (investors in iZettle, Celonis, JustEat) and Vitruvian Partners (investors in Farfetch, Skyscanner, Darktrace, Marqeta).

About Target Professional Services

Target Professional Services are market leading global tracing and data verification specialists providing innovation and solutions to professional clients for over 30 years.
Constantly challenging ourselves and industry standards to refine processes and improve performance, ensures we deliver accurate, secure and compliant verification solutions. Data privacy and information security is integral to all we do, consistently achieving the highest accuracy and success rate in the industry, to the envy of our peers.
Agility and responsiveness to client needs and opportunities has ensured Target remain the company in the market others aspire to follow as our app development that is leading the market.

mypensionID provides leading digital identification and verification technology, specifically for the pensions industry. Utilising innovative, proven mobile technology and biometrics, mypensionID enables members to securely communicate with their pension provider. It confirms and authenticates personal identity against official validated documents, both within the UK and internationally. All within minutes.

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