Suresite Enters Retail Sector with Costcutter Deal to Boost Retailers’ Earnings
- Suresite partners with Costcutter Supermarkets Group
- Expansion into retail sector for Suresite
- Improved bottom line for retailers through access to processing services and technical expertise
- Costcutter Supermarkets Group continues growth since launch last year
Suresite, a card services and risk management company, has announced a partnership with the Costcutter Supermarkets Group (CSG) to expand into the retail sector. This move is expected to improve Suresite’s terms for retailers by providing access to its processing services and technical expertise. The collaboration highlights CSG’s competitiveness since its launch last year and Suresite’s presence in the convenience sector due to its non-integrated standalone terminal solution. Since 2005, Suresite has been the largest provider for forecourts, processing £2bn card transactions. David Wright, card services manager at Suresite, said: ‘We have made the decision to now market our service wider to the general retailer and the Costcutter opportunity represents a fantastic launchpad.’ Mike Hollis, retail director at Costcutter Supermarkets Group, added: ‘Suresite offered us the promise of great value payment card processing, combined with first-class customer service and technical support. This supports our ambition to constantly improve the support we are offering our independent retailers.’
Factuality Level: 10
Factuality Justification: The article provides accurate information about a partnership between Suresite and Costcutter Supermarkets Group, highlighting the benefits for both parties involved and includes quotes from representatives of each company.
Noise Level: 2
Noise Justification: The article provides relevant information about a partnership between Suresite and Costcutter Supermarkets Group, highlighting the benefits for both parties involved. It includes quotes from representatives of each company and explains the potential impact on their businesses. The content is focused and does not contain irrelevant or misleading information.
Financial Relevance: Yes
Financial Markets Impacted: Costcutter Supermarkets Group’s stock price
Financial Rating Justification: The partnership between Suresite and Costcutter Supermarkets Group impacts the financial markets by potentially affecting CSG’s stock price as it could lead to increased earnings for retailers, which may positively impact the company’s performance.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.
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