PayPoint
Template:Short description {{#invoke:Infobox|infobox}}Template:Template otherTemplate:Main other{{#invoke:Check for clobbered parameters|check|nested=1|template=Infobox company|cat=Template:Main other|name; company_name|logo; company_logo|logo_alt; alt|trade_name; trading_name|former_names; former_name|type; company_type|predecessors; predecessor|successors; successor|foundation; founded|founders; founder|defunct; dissolved|hq_location; location|hq_location_city; location_city|hq_location_country; location_country|num_locations; locations|areas_served; area_served|net_income; profit|net_income_year; profit_year|owners; owner |homepage; website }}{{#invoke:Check for unknown parameters|check|unknown=Template:Main other|preview=Page using Template:Infobox company with unknown parameter "_VALUE_" | ignoreblank=y | alt | area_served | areas_served | assets | assets_year | aum | brands | company_logo | company_name | company_type | defunct | dissolved | divisions | embed | equity | equity_year | fate | footnotes | former_name | former_names | foundation | founded | founder | founders | genre | homepage | hq_location | hq_location_city | hq_location_country | incorporated | image | image_alt | image_caption | image_size | image_upright | income_year | industry | ISIN | key_people | location | location_city | location_country | locations | logo | logo_alt | logo_caption | logo_class | logo_size | logo_upright | members | members_year | module | name | native_name | native_name_lang | net_income | net_income_year | num_employees | num_employees_year | num_locations | num_locations_year | operating_income | owner | owners | parent | predecessor | predecessors | production | production_year | products | profit | profit_year | rating | ratio | revenue | revenue_year | romanized_name | services | subsid | successor | successors | traded_as | trade_name | trading_name | type | website| qid | fetchwikidata | suppressfields | noicon | nocat | demo | categories }} PayPoint plc is a British business offering a system for multichannel payments and retail services in United Kingdom. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
HistoryEdit
The PayPoint network was set up in 1996<ref name="britishgas.co.uk">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> with the aim of enabling customers to load gas and electricity onto their pre-paid energy meters in cash at their local convenience store. Prepayment meters are intended to help customers to manage energy use, thereby helping the environment, and control their spending, thereby enabling to live within their limited means.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> Typically about 40% of customers use prepayment meters for their electricity and gas: this percentage has remained roughly constant over the last five years.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> First tested in Northern Ireland, the system was expanded to London in 1997 and in 1998, British Gas prepayment meter customers were able to charge their Quantum smart cards at PayPoint retailers.<ref name="britishgas.co.uk"/>
Following continued growth and public listing, in 2006, the company became the exclusive cash payment network for the BBC's TV Licence fee.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> In November 2006 and February 2007, PayPoint acquired online payment service providers Metacharge and SECPay respectively.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> In September 2010, PayPoint completed the acquisition of Verrus,<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> a pay-by-phone parking payment provider and re-branded in North America and Europe under the brand name, PayByPhone.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> In May 2014, PayPoint.net and PayByPhone were merged under a single identity, PayPoint Mobile and Online.<ref>Template:Cite press release</ref>
In March 2024, PayPoint partnered with Lloyds Bank.<ref name=":0" /><ref name=":1">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> It was announced that Lloyds Bank would be the main card acquiring partner for PayPoint.<ref name=":0">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref name=":1" />
OperationsEdit
PayPoint provides multi-channel payment for clients – Open Banking, direct debit, cards and cash. In most cases, PayPoint's fees are usually paid by the payee organisation rather than by the payer, the notable exception being deposits into Monzo bank accounts, for which Monzo deducts a £1 fee from the deposited amount.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
Collect+Edit
In February 2011, Collect+ a parcel sending and collection service, was launched as a joint venture between PayPoint and Yodel.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> This service is available through almost 6,000 of the PayPoint retail network in the United Kingdom and allows customers to collect and send packages at their local convenience store.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
On 6 April 2020, PayPoint announced an agreement with Yodel to take full ownership of Collect+.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
In February 2024, PayPoint partnered with Royal Mail and its Collect+ service.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
ReferencesEdit
External linksEdit
Template:FTSE 250 Index constituents Template:Digital payment providers Template:Authority control