News from the Wire

Alzheimer's Society, PayPoint partner on cash donations

Tuesday, October 15, 2024 — 12:35:27 (EDT)

Welwyn Garden City, 15 October 2024 —Alzheimer's Society and PayPoint today announce a new partnership to simplify and enhance cash donations and transactions. The collaboration addresses the growing challenges for charities when it comes to handling cash, particularly as high street banks and Post Office branches become less accessible.

With nearly 30% of all charity donations still made in cash, the partnership provides a timely solution to prevent any unnecessary decline or delay in donations received due to logistical challenges posed.

Naturally, cash handling can come with compliance and time-consuming administrative challenges for charities like Alzheimer's Society, all of which have been exacerbated through the dwindling presence of traditional banking facilities. However, through its partnership with PayPoint the cash donation and banking process has been streamlined and simplified through a new innovative solution.

The PayPoint Cash In service works with its extensive network of retailers across the UK and gives Alzheimer's Society access to over 29,000 stores that can now accept cash deposits from fundraising activities and process the payment into the charity’s bank account. The service offers its staff and volunteers a simple and accessible way to securely process deposits with unique codes that allow for easy tracking of the amount and depositor, and funds are transferred directly to the charity's bank account. This eliminates the need for outdated paying-in books and the hassle of inconvenient banking hours and locations.

Jo Toolan, Managing Director of Client Services at PayPoint, said, "We are thrilled to be partnering with Alzheimer's Society to offer the Cash In solution. This partnership represents more than just convenience—it's a leap toward greater efficiency, cost-effectiveness, and security for charities navigating the complexities of cash handling in today's environment. The Cash In service eliminates the barriers of distance, opening hours, and paperwork, ensuring that every penny raised can be swiftly put to work supporting those affected by dementia.

Alzheimer’s Society Head of Regional Engagement, Siobhan Nugent, said, “Partnering with PayPoint holds immense potential in saving us time and administrative costs when processing cash donations. Dementia is the UK’s biggest killer and 1 in 3 people born today will go on to develop it in their lifetime, so this partnership will help us better channel our resources to helping fund pioneering research, campaign for change, and run our dedicated support services, which are a lifeline to thousands.”

Join the Movement

If you have any questions about how your organisation can benefit from a similar approach, please contact Jason Levy jasonlevy@paypoint.com [www.paypoint.com/donate].

ENDS

About Alzheimer’s Society

One in three people over 65 will die with dementia. Alzheimer’s Society research shows that 800,000 people in the UK have a form of dementia, more than half have Alzheimer’s disease. In less than 10 years a million people will be living with dementia. This will soar to 1.7 million people by 2051. Alzheimer’s Society champions the rights of people living with dementia and the millions of people who care for them. Alzheimer’s Society works in England, Wales and Northern Ireland and supports people to live well with dementia today and funds research to find a cure for tomorrow. We rely on voluntary donations to continue their vital work. You can donate now by calling 0845 306 0898 or visiting alzheimers.org.uk. Alzheimer’s Society provides a National Dementia Helpline, the number is 0845 300 0336 or visit alzheimers.org.uk.

About PayPoint Group  

For tens of thousands of businesses and millions of consumers, we deliver innovative technology and services that make life a little easier. The PayPoint Group serves a diverse range of organisations, from SME and convenience retailer partners to local authorities, government, multinational service providers and e-commerce brands. Our products are split across four core business divisions: In Shopping, we enhance retailer propositions and customer experiences through EPoS services via PayPoint One, card payment technology, Counter Cash, ATMs and home delivery technology partnerships in over 60,000 SME and retailer partner locations across multiple sectors. Our retail network of over 29,000 convenience stores is larger than all the banks, supermarkets and Post Offices put together. In E-commerce, we deliver best-in-class customer journeys through Collect+, a tech-based delivery solution that allows parcels to be picked up, dropped off and sent at thousands of local stores. In Payments and Banking, we give our clients and their customers choice in how to make and receive payments quickly and conveniently. This includes our channel-agnostic digital payments platform, MultiPay, offering solutions to clients across cash, card payments, direct debit and Open Banking. PayPoint also supports its eMoney clients with purchase and redemption of eMoney across its retail network. In Love2shop, we provide gifting, employee engagement, consumer incentive and prepaid savings solutions to thousands of consumers and businesses. Love2shop is the UK’s number one multi-retailer gifting provider, offering consumers the choice to spend at more than 140 high-street and online retail partners. Park Christmas Savings is the UK’s biggest Christmas savings club, helping over 350,000 families manage the cost of Christmas, by offering a huge range of gift cards and vouchers from some of the biggest high street names. Together, these solutions enable the PayPoint Group to create long-term value for

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Source: Company press release.