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The UK Cards Association welcomes SAV Credit

The UK Cards Association, the lead association for the UK cards industry, today (24 October 2012) announced that SAV Credit Ltd has joined its membership. This brings the total number of members to 26*.

The UK Cards Association brings together key players from the cards and acquiring industry, which together represent approximately 99% of the UK cards market, to establish best practice and develop industry standards. The Association looks to help shape legislative and regulatory frameworks, and safeguard the integrity of card payments by tackling card fraud. It is also the place where industry-wide initiatives such as the annual credit card statement and the roll-out of contactless technology can be progressed and implemented.

Graham Peacop, Managing Director of The UK Cards Association comments:

“I am delighted to welcome SAV Credit to our ranks. As the industry body, we are working to support our members’ businesses, while also ensuring consumer protection, enhancing the experience of customers and creating value for the wider economy. SAV Credit has developed a role in the market as a specialist provider and we welcome their closer participation and expertise at industry level.”

ENDS

For further information contact the press office on 020 3217 8368 / 020 3217 8340

Notes to editors:

About The UK Cards Association
The UK Cards Association is the leading trade association for the card payments industry in the UK. With a membership that includes all major credit, debit and charge card issuers, and card payment acquirers, the Association contributes to the development of legislative and regulatory frameworks; develops industry best practice; safeguards the integrity of card payments by tackling card fraud; develops industry standards; and co-ordinates other industry-wide initiatives across matters relating to both card payments and the provision of credit. www.theukcardsassociation.org.uk

* Board members of The UK Cards Association

  • American Express Services Europe Ltd
  • Bank of Ireland
  • Barclays Bank Plc
  • Capital One Bank (Europe) Plc
  • Clydesdale Bank Plc
  • Co-operative Bank Plc
  • Elavon Financial Services Ltd
  • HSBC Bank Plc
  • Lloyds TSB Bank Plc
  • MBNA Europe Bank Ltd
  • Nationwide Building Society
  • The Royal Bank of Scotland Group Plc
  • Santander UK Plc
  • Tesco Personal Finance Plc
  • WorldPay (UK) Ltd

Other members

  • AIB Group (UK) Plc
  • Chelsea Building Society
  • C Hoare & Co
  • Citibank UK
  • Coventry Building Society
  • Europe Arab Bank Plc
  • Northern Bank Ltd
  • Northern Rock Plc
  • SAV Credit Ltd
  • Standard Chartered (Jersey) Ltd
  • Vanquis Bank Limited

About SAV Credit
Founded in 2000, SAV Credit is a leading specialist credit card lender with over 500,000 accounts and an excess of £600 million in credit card assets under management. SAV Credit is based in Kent and employs around 70 professionals who are supported by more than 400 people at our servicing partners at LBG and First Data. The business manages the Aqua, Marbles and Opus Brands. www.savcredit.co.uk/

To see a PDF of this please release, please click below:

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