Trstpays wins BEST STARTUP INNOVATION at the 2021 Merchant Payments Ecosystem Awards

LONDON, 1 Mar 2021 – Trstpays has been presented with the prestigious Merchant Payments Ecosystem Best Startup Innovation award following a live dragon’s den style pitch by CEO and Founder Marc O’Brien.

Voted by the jury and distinguished industry audience, the Innovation Corner live competition brought together innovative game-changing startups showcasing ground-breaking ideas to improve merchant payments.

David Parker, MPE Judge and CEO of Polymath Consulting said, "Trstpays is a truly innovative approach to a major market issue, that post Covid is likely to get worse not better. It was great to see the audience recognize this and vote for them as the winner."

Trstpays’ payments trust model is an alternative to traditional credit risk tools, which at best are inefficient, and at worst, can be catastrophic for merchants in terms of cashflow and balance sheets. Unreasonable demands for collateral, inefficient rolling reserves and arbitrary holdbacks are all eliminated.

On why Trstpays was selected, Founder and CEO Marc O’Brien suggested:
“We know crises drive innovation, so we expect 2021 will be full of new products and solutions. Not all of them will meet a real business need. Not all of them will provide value across the ecosystem for both acquirers and merchants. Not all of them will have the benefit of experience. We do.

“As payments-industry veterans, we understand our customers’ challenges. By assembling a unique panel of experienced acquirers, we ensure our merchants find a payments-partner to truly meet the goals for their business.”

Trstpays launched to the market as part of the Innovation Launchpad at Travel Technology Europe exactly a year ago, just before the global pandemic took hold. Despite the difficult timing, Trstpays is already revolutionising the way airlines manage payments and has proven experience reducing collateral requirements, accelerating settlement, and improving cashflow and margins.

Trstpays has seen wider interest in their payment trust account model from other delayed delivery sectors which will provide a significant opportunity as they scale-up operations. However, in 2021 the primary focus will be on supporting airlines, strengthening their financial position as they re-build after the pandemic.

Trstpays
Contact: Marc O’Brien
marc@trstpays.com
+44 (0) 207 205 2010

Gable House Blackpond Lane, Farnham Common, Slough, SL2 3EN

TRSTPAYS
We are revolutionising the way airlines and travel businesses manage payments with our innovative trust account model. We use a financial trust and a database of bookings to release funds to you an agreed number of days before the customer receives your services. We keep your payments provider happy with your credit risk and you get paid without the usual hassle of collateral or rolling reserves. And because payments providers trust us to manage the service, they can offer you improved terms.

Get in touch to find out how we could help your business hello@trstpays.com.
Or find us on LinkedIn and Twitter @trstpays, or at trstpays.com.

This release was published on openPR.