Cardfox, a renowned consultancy network specialising in Merchant Financial Services, has achieved an extraordinary feat by receiving the coveted Business All-Star Accreditation for the fourth consecutive year from the All-Ireland Business Foundation. This remarkable achievement reaffirms Cardfox’s unwavering dedication to excellence in serving businesses in the merchant services sector.

With over 30 years of industry experience, Cardfox stands out as Ireland’s sole independent Merchant Services Consultancy & Brokerage. The company’s unique position allows it to provide expert advice, evaluate proposals from various service providers, and prioritise clients’ interests over the banks’.

One of Cardfox’s distinguishing features is its ability to identify instances of systematic overcharging by service providers, potentially leading to refunds or compensation for businesses. Additionally, the company conducts comprehensive, independent audits that pinpoint areas where cost savings and security enhancements can be made.

A standout feature of Cardfox’s service is its ability to assist businesses in achieving savings without the need to switch providers. Unlike traditional institutions, Cardfox often secures amendments and improvements with a client’s existing acquiring bank, ensuring clients can reduce costs without disruptions.

Cardfox’s fourth consecutive Business All-Star Accreditation is a testament to its commitment to trust, commitment, performance, and customer centricity. As it continues to adapt to evolving business needs, Cardfox remains dedicated to delivering excellence in merchant services consultancy, solidifying its reputation as an industry leader.

Announcing the news of CardFox Merchant Services’ achievement, Deputy Chair of AIBF’s Adjudication Board, Kieran Ring, said:

This accolade has been issued in recognition of Cardfox Merchant Services’ outstanding performance during its audit for Business All-Star Accreditation. The result of the audit saw the company being honoured with Business All-Star 2023 Accreditation. This is Cardfox Merchant Services’ fourth consecutive year being named a Business All-Star, a remarkable achievement. The company now join an elite group who have achieved our 4 in a row. This accreditation recognises Cardfox’s conduct in the areas of trust, commitment, performance & customer centricity. Cardfox Merchant services is hereby included in the AIBF Register of Irish Business Excellence.

Reacting to the news of his company’s achievement, CardFox Merchant Services Founder, Tom Galway said:

“We are humbled and delighted in equal measure to receive the AIBF All-Star Accreditation for the 4th successive year. It gives us fantastic satisfaction to have our work independently audited and adjudicated by an esteemed organisation such as AIBF and provides tremendous encouragement to all the team at CardFox that we are doing the right things, treating our clients correctly and making a real difference to each client with whom we consult.

Following on from the recently issued European Commission Directive PSD3 will ensure that 2023/24 sees massive changes and fintech advancements in the payments sector globally. Some of those advancements (many of which are not accessible through existing banking channels) are making a massive difference to Irish businesses and dramatically altering both how payments are processed but also massively reducing card payment processing fees.

This illustrious accreditation from AIBF comes at an excellent time to reinvigorate our energy levels to assist all Irish businesses to have the most suitable and lowest possible cost payment solutions going forward- whether that be cash, cheque, SEPA/DD, cards, digital wallets or open banking. As a broker of payments we can effectively reduce the payment processing costs of 90%+ of Irish businesses and look forward to continuing to do so in the years ahead following the principles and ethics demanded by the AIBF accreditation process.”

Managing Director of the All-Ireland Business Foundation Kapil Khanna said: The accreditation, which is now held by over 650 firms, is needed by the thousands of small and medium businesses which operate to their own standards but have nothing to measure them by.

He said: We evaluate a company’s background, trustworthiness and performance, and we speak to customers, employees and vendors. We also anonymously approach the company as a customer and report back on the experience. The business goes through at least two interviews and is scored on every part of the process against set metrics.

About The All-Ireland Business Foundation

The All-Ireland Business Foundation is an autonomous national accreditation body tasked with enterprise development and the promotion of Best-in-Class Irish businesses.

As the accreditation body for the Business All-Star mark, the AIBF recognises Best-In-Class Irish businesses. Companies that merit recognition based on an independent audit of their performance, reputation, and customer-centricity.

Business All-Star Accreditation Is The Nation’s Symbol Of Trust.

Currently, there are over 650 companies that are accredited by AIBF. Since 2014, over 5000 companies have participated in our programs.

The AIBF also hosts the annual All-Ireland Summit and monthly gatherings to promote peer-learning and collaboration among its accredited companies.

For more information please visit www.aibf.ie here.

To learn more about CardFox Merchant Services, visit their All-Star showcase page here.