Access PaySuite, the payments division of The Access Group, has completed a deal to acquire pay-by-bank technology from Ordo, a UK-based open banking infrastructure provider.
The acquisition strengthens Access PaySuite’s payment offering by adding open banking-powered pay-by-bank capabilities to its existing card and direct debit payment frameworks. Financial terms of the deal were not disclosed.
Strengthening Access PaySuite’s Payments Platform
The move gives Access PaySuite the ability to offer businesses a broader range of digital payment options through a single platform. By integrating Ordo’s technology, Access PaySuite aims to support lower payment acceptance costs, faster settlement, and improved reconciliation data for merchants and organisations.
Pay-by-bank technology allows customers to make payments directly from their bank accounts, often using open banking rails. For businesses, this can reduce reliance on traditional card payments while improving visibility over transactions.
Ordo’s Open Banking Technology Finds a New Home
Ordo was founded in 2018 and developed white-label pay-by-bank technology for businesses. The company was acquired by Norwegian fintech Neonomics in January 2025 as part of its plan to expand in the UK market.
However, later reports indicated that Ordo began winding down operations in 2025 as Neonomics shifted its focus toward its wider European business. With Access PaySuite now acquiring Ordo’s technology, the platform will be integrated into a broader UK payments infrastructure.
Deal Adds Variable Recurring Payments Capabilities
A key part of the acquisition is the addition of variable recurring payments, also known as VRP. VRP is an open banking payment method that enables customers to authorise recurring payments while giving them more control than traditional direct debit arrangements.
For businesses, VRP can provide faster and more flexible collection options. For customers, it can offer greater transparency and control over payment permissions.
Why This Matters for UK Fintech
The acquisition reflects growing demand for open banking payment solutions in the UK. As businesses seek faster, cheaper, and more data-rich payment methods, pay-by-bank technology is becoming an increasingly important alternative to cards and direct debits.
For Access PaySuite, the deal expands its payment capabilities at a time when businesses are looking for integrated platforms that can handle payments, financial services, and transaction intelligence in one place.
Conclusion
Access PaySuite’s acquisition of Ordo’s pay-by-bank technology marks another step forward for open banking payments in the UK. By combining pay-by-bank, direct debit, card payments, and VRP capabilities, Access PaySuite is positioning itself as a more comprehensive payments provider for businesses seeking faster settlement, lower costs, and stronger reconciliation tools.