sQuid company profile

Forget cash, remember sQuid
sQuid eMoney is the alternative to the debit and credit card networks for smaller value contactless transactions - a market forecast to grow rapidly, replacing some of the £200bn cash transactions made each year in the UK.

Deploying its own technologies, sQuid delivers a significantly faster transaction than chip and pin, and has the flexibility to deliver multi-purse transactions and loyalty.

sQuid payments are made using a contactless smart card, via a biometric identifiers or online. Transactions are secure and encrypted between the payment device, the terminal and the sQuid payments engine.

In education, sQuid brings the power of modern IP systems to deliver efficient payments, settlement and integration with the back office, combined with a great user experience.

We work with major equipment and service suppliers to deliver our fast, flexible and secure payments solution. These include EPOS systems, smart card and biometric suppliers, catering service operators accounts software providers, as well as local Councils and Transit operators.

$87m deal creates new leader in smart payments and ticketing -
24 May 2011, London
Two innovative UK start-ups, ACT and sQuid, responsible for millions of contact-less tickets and payments per month joined forces to create a new European leader in
smart transactions.
Click here to find out more >

Applied Card Technologies (ACT) - an STG company
ACT design, build and manage smart transaction systems for retail, tourism, public sector and transport clients worldwide. Since 2002, they have built their reputation in three main areas: quality products, innovative solutions and managed operational support services.
Visit the ACT web site >

Why use sQuid?

An innovative approach to electronic payments
• sQuid is not a bank, it’s just your cash on a card
• It’s not a credit or debit card
• Never get in to debt as you can only spend what's on the card
• Available to all whatever age, from 7 to 107, so child friendly
• Easy to use and a convenient way to pay
• The safer alternative to carrying cash and loose change
• The faster way to pay, simply swoosh and go
• Track your spending online - view transactions & check your balance
• Good for budgeting!

Beyond convenience

More than just a great way to pay
sQuid has many applications above and beyond just eMoney: loyalty, transit, cashless catering, parking, meals on wheels and many more.

sQuidcard is low cost, with a 'Never more than 1.5%' transaction fee, delivered through its own, non-bank internet-based infrastructure, which avoids the legacy systems and multiple commission layers of the debit and credit card networks. This alternative approach to eMoney is just what's needed today, using new thinking to bring down costs and challenge the cost base of existing operators - to the customer's benefit.

Education - cashless catering
Cash off campus is a key message for many campuses and sQuid works with a number of universities and schools across the education sector. We deliver cashless catering, through smart card and biometric payments

Education - Online payments for School trips & offers
Parents can also pay for their child's school trips online without the need to send cash or cheques to school. School administrators can quickly and easily set up new trips and other offers online and parents can pay 24/7.

Transit
sQuidcard is also fully compatible with most transit cards, conforming to the national ITSO standards for transit cards, meaning that a sQuid eMoney 'purse' can be added to a UK transit card to provide a 2-in-1 travel and cash card.

Loyalty
sQuid also has integrated loyalty purses, which are already being used by Coffee Republic to reward their customers each time they spend in-store with sQuid.