CashFlows Launches Single Payments Account for UK Businesses

CashFlows has launched a UK payments account allowing businesses to make, receive and manage electronic payments (e-payments) from a single account. This will give account holders instant access to their money whenever it is needed.

The new account offers an integrated payment management service, saving businesses the time and expense of setting up multiple services with different banks. These currently include:

• Use of a full range of payment channels including online, mobile, mail and telephone orders, voice pay and electronic invoicing (e-invoicing).
• A CashFlows Account Business Card which allows businesses to pay suppliers, purchase goods direct from their account and issue them to staff for payroll use.
• A range of other services to support businesses including foreign exchange and an online management system enabling you real time understanding of your cash flow.

Nick Ogden, chairman and CEO, CashFlows, said: “Mobile and online technology is evolving at an incredible pace, and so is the way that consumers are paying for goods and services. Businesses are constantly innovating to meet consumer demand, but if the way they manage their payments is slowing them down it takes their focus away from doing business. CashFlows is committed to payments innovation to help businesses manage their payments and transactions in a way that hasn’t been possible before, so they can flourish and grow.”

He added that further services are already planned to be added to the CashFlows account during 2012.

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