Ireland’s PTSB extends partnership with Worldpay to expand merchant services offering

Expanded Partnership:
- PTSB, a Dublin-based bank, has expanded its partnership with Worldpay to offer additional merchant services to its commercial customers.
Background:
- PTSB first partnered with Worldpay in July 2021, leveraging payment solutions from Worldpay’s then majority stakeholder, FIS. FIS sold its stake in Worldpay to GTCR, a US private equity firm, for $11.7 billion last year.
New Solutions:
- The expanded partnership will provide PTSB access to more Worldpay solutions, including its e-commerce platform for global trading, Dynamic Currency Conversion (DCC), and the Worldpay ePOS integrated payment solution.
Purpose:
- Jeff Harbourne, PTSB’s head of personal banking, stated that the partnership will enable the bank to offer new solutions to help customers grow their businesses and accept payments across all channels.
Current Services:
- PTSB already supports a range of business banking services, including deposit accounts, mortgages, loans, and payment solutions through the Worldpay partnership.
Customer Base:
- PTSB serves 1.3 million customers throughout Ireland.