A new way to pay and be paid – fixing payments with open banking
Our highly secure, cloud based, open banking enabled payments platform provides businesses large and small with low cost, secure and easy to use e-commerce, Point of Sale and invoice payments direct from their customer’s bank accounts into their own bank accounts.
Our platform handles all the complexity of setting up, initiating, and tracking open banking payments for over 98% of UK consumer and small business bank accounts.
We manage not only the specialised open banking and instant payments flows, but the business process requirements of businesses and every step of the interaction with their end customers, providing customisable payment journeys for each business client.
Businesses can access the Ordo platform in a number of ways: though an Ordo Merchant Acquirer/PSP payments partner, via Ordo’s modern APIs, and for smaller businesses, through our integrations with QuickBooks, Sage, and Xero accounting software or directly via Ordo’s web/app interfaces.
Ordo also uses open banking payments to deliver refunds and secure customer pay outs as well as enhanced account validation services.
See our full set of solutions here
Founded in 2018
In 2018, with the job of opening up Faster Payments done, the team established a new company, Ordo (we’re actually called the Smart Request Company Ltd) to be one of the FCA’s first PISPs and start building these innovative new services. Our FCA Firm Registration Number is 836070.
In 2019 — till now
We are still adding distribution and product partnerships with third parties that want to bring Ordo to their customers or integrate the Ordo capabilities into their broader payments and non-payments customer offerings. In the next stage of our development, we will be adding real time direct debits to the platform in the UK as well as expanding our geographic coverage to the Eurozone and beyond.
Ordo is backed by a number of private investors, Nationwide Building Society Ventures, CGI (The global IT services business) and the UK Government’s Future Fund.