Tyl will make it easier for small business customers across Scotland to receive payments and maintain cash flow during COVID-19 and beyond. Developed in partnership with Pollinate, and part of the bank’s portfolio of innovation ventures, Tyl enables small businesses to accept Chip & PIN, contactless and telephony payments either in-store, over the phone or using a mobile terminal.
The launch to Scottish customers is part of a strategic rollout across the UK with the Tyl team having worked collaboratively with UK based SMB customers to design and deliver a new proposition suited to their needs.
With COVID-19 driving a significant shift in the economic landscape, we recognise our role in helping to support businesses and we are proud to launch Tyl to our Scottish customers.
Tyl is the latest development in our portfolio of innovative, customer focused ventures as we seek to maintain our commitment to developing new technologies that enable our business customers to meet the daily challenges they face, whilst also helping to build resilience and provide opportunities for growth.MALCOLM BUCHANAN, SCOTLAND BOARD CHAIR
Tyl provides next-day settlement for users, ensuring money is in their bank account the next business day, which has been a crucial factor is assisting businesses with cash flow during the coronavirus pandemic. Tyl has helped SMBs adopt social distancing guidelines efficiently by helping them adapt their business from in-store to online or collection models, a reaction to increasing consumer preferences for contactless payment methods. Tyl has gone further in its commitment to supporting small business during coronavirus by waiving terminal and 3G fees for Tyl until the end of 2020.
Tyl aims to have terminals with customers within 24 hours of ordering and provides straightforward customer on-boarding and simple pricing, Tyl also provides smart data-led insights to help it’s customers make informed business decisions. Scottish customers will have access to sophisticated card acquiring capability (in-store and online), as well as tools to help them manage and grow their business and give back to their local communities.
Tyl is designed to help make it easier for customers to receive payments and maintain cash flow during this difficult time.
Developed in partnership with our SMB customers, we hope to support Scottish businesses with straightforward set-up procedures, simple pricing and next day working settlement as well as providing insightful data, enabling businesses to make informed decisions and create more meaningful customer relationships.
At Tyl we also want to champion business as a force for good, building better communities across Britain, one transaction at a time. The Tyl giving pledge commits to giving a proportion of revenue back to local community initiatives.MIKE ELLIFF, CEO OF TYL