Savantor Ltd., a specialist in the provision of business and technical expertise to many well-known banks, card schemes and third parties in the card payment industry, is pleased to announce its support for the innovation team at Cancer Research UK.
Cancer Research UK is the UKâs largest charity, generating donations in excess of Â£400m per annum. Cancer Research UK has a dedicated innovation team whose role is to ensure there is a continued supply of new innovative donation ideas.
Internet shopping was leading to a reduction in donation levels from traditional collecting means. The innovation team had the vision to create the virtual charity box of the electronic age to fund broad social, health and environmental change. The vision was called Give Change Make Change.
This new innovation for the charity sector enables supporters to donate whilst they shop online, making it simpler and more convenient to give. Shoppers simply round up their purchases and donate this spare change to charity.
Cancer Research UK selected Savantor to provide independent verification of the proposed solution, followed by retail, payments and new product development expertise throughout the delivery of the Give Change programme. This included the following key areas:
â¢ Industry insight to help identify the optimum business model and critical success factors of the opportunity, including transferring and settling donated funds through the UK payments network.
â¢ Detailed UK e-commerce market review to identify priority target channel partners, potential returns from each retailer and to develop a compelling channel partner and end-user proposition.
â¢ Rapid and comprehensive RFP process, identifying suitable suppliers, facilitating the most appropriate supplier selection and achieving considerable savings in Total Cost of Ownership.
Sophie High, Head of Innovation Delivery at Cancer Research UK commented âIn moving our new initiative into reality, we required specialist payments knowledge and forward thinking in the retail sector. Savantor supplied this and provided very effective guidance throughout. We enjoyed working with them.â
Geoff Durham, Executive Director of Savantor said âIt was a pleasure to use our expertise to help with the launch of this new innovation that will bring benefit to such a worthy cause. Our specialists added a wider perspective and âfast trackâ processes to support an early launch.â