By appointing EQPay as their standby payments provider, the Pension Scheme is now able to quickly divert payments from their existing provider via EQPay should they need to. The Scheme was onboarded as if they were a new client to help ensure that a potential switch-over would be seamless. This included setting up the accounts and carrying out test runs to help mitigate any risks should the new arrangement be called upon with short notice.
They also have access to:
- A choice between continuing payment distribution as normal or opting for faster delivery
- An easy-to-use online platform tailored to match their specific authorisation processes and that can help to make the upload of csv files straightforward
- Access to over 130 currencies to ensure overseas pensioners can continue to be paid in their chosen currencies
After appointing EQPay as their back-up payments provider, the Pension Scheme has reassurance that, should they need to, they will be able to continue to successfully pay over 40,000 pensioners all over the world, on time.