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MDS Onboarding New Feature Release 02.25.01

Here’s what’s new in the latest upcoming MDS release.
Release Date: 05/02/2025

Deactivated Price Packs​

The following price packs have been deactivated:

• Partner MMS EACT £0 - 200,000 PA • Partner MMS EACT £200,001 - £500,000 PA • Partner MMS EACT £500,001 - £1,000,000 PA • Partner MMS EACT £1,000,001 or greater PA

New Card Turnover (CTO) Question​

The previous question, "What is your expected annual card turnover?", within the Your Business screen, has been updated to: "What is your expected business turnover?"

Updated Banding Options for CTO​

The turnover banding options have been revised to the following: o £10,000 or less o £10,000 - £30,000 o £31,000 - £75,000 o £76,000 - £99,000 o £100,000 or greater If the user selects £100,000 or greater, they will be prompted to enter a precise estimate of their expected business turnover.

New Average Transaction Value (ATV) Question​

The previous question, "What is your average transaction value?", within the Your Business screen, has been updated to: "What is your expected average transaction value?"

Updated Banding Options for ATV​

The transaction value banding options have been revised to the following: o Less than £10.00 o £11.00 - £50.00 o £51.00 - £100.00 o £100.00 or greater If the user selects £100.00 or greater, they will be prompted to provide a precise estimate of the expected average transaction value.

Changes to Associated URL Question​

Within the Application screen of MDS, users can now associate multiple websites within an application. Each website entered will be automatically validated to ensure accuracy.

Removal of Redundant Question​

The question "What is your expected total annual turnover (Not just by card)?" has been removed from the application process.

Key Benefits:​

Updating our pricing parameters ensures a fairer and more transparent structure that aligns with market trends and evolving customer needs. By refining our card turnover and average transaction value bandings, we can offer more competitive rates, better reflect transaction volumes, and support businesses as they grow. These changes also help future-proof our services, ensuring long-term sustainability while maintaining the high level of service and value our customers expect.

  • Aligned Pricing with Market Trends:
    We’ve updated our card turnover and average transaction value pricing bandings to better reflect current market conditions and industry standard.

  • Greater Fairness & Transparency:
    The new structure ensures a more accurate reflection of transaction volumes, providing fairer pricing tailored to different usage levels.

  • Supporting Business Growth:
    These changes allow us to offer more competitive rates and better support for businesses as their transaction volumes evolve.

  • Flexibility and adaptability:
    MFA can incorporate different methods (SMS, email, app-based, biometrics) tailored to user needs and organisational security policies.

  • Future-Proofing Our Services:
    By refining our pricing bandings, we’re ensuring our payment solutions remain sustainable, scalable, and beneficial for all customers long-term.