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UK FinTech exporter signs deal to make card payments safer in the US

ICC Solutions has secured a deal with a major US acquiring bank, saw its turnover increase by a third over the next 5 years.

UK FinTech exporter signs deal to make card payments safer in the US
David & Wendy Maisey - Directors of ICC Solutions Directors - POS

Sep 30, Department for International Trade and Graham Stuart MP: With an increasing number of businesses moving to contactless payments worldwide, one UK company has secured a deal with the major US acquiring bank to implement and safely test payment methods, which is set to increase turnover by 35% over the next 5 years.


Founded in 1996 by husband and wife David and Wendy Maisey, ICC Solutions was created out of the need for businesses to securely test card payments and prevent fraud.


An early deal with VISA in 2000 saw the company gain the global credibility it needed, leading to a well-respected position in the Canadian market in 2007 and subsequent recognition in the US.


Today, ICC Solutions’ exports account for 94% of its overall turnover. Its technology is used by banks and merchants to implement secure payments such as Chip & PIN, contactless and mobile phone in over 100 countries worldwide, with the business employing 45 full-time staff and looking to grow this in the coming months.


The Department for International Trade (DIT) has been providing support and opening networks, enabling the company to generate significant international growth. As a DIT Export Champion ICC Solutions has also been supporting and mentoring other businesses in their exporting journeys.


Co-founder and Director of ICC Solutions Wendy Maisey OBE said:

We started ICC Solutions after noticing that there wasn’t a way to safely test tools for card payments, this was a real gap in the payment industry. We then set out to design and create a software solution that took care of all the testing and certification, preventing fraud and saving large acquiring banks and businesses a great sum of money.
Exporting has a significant impact on revenue, it has given us resilience to get through a situation like this, and it makes it exciting for the team.
We are living in very uncertain times, so if you are considering expansion into different countries, speak to the Department of International Trade about doing so – their expertise is invaluable in understanding legislation when entering new markets.

The UK FinTech sector is estimated to be worth around £7 billion to the economy and employs around 60,000 people up and down the UK. In 2018, total trade between the UK and US was worth over £190 billion, with the financial services industry representing the UK’s largest service export to the US at £11.8 billion.


The fourth round of UK-US Free Trade Agreement negotiations took place earlier this month, with the exchange of tariff offers between the two nations, highlighting significant progress and a notable milestone achieved since launching negotiations in May 2020.





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