As part of the Royal Bank of Scotland group, our heritage is one of development and service. As long ago as 1728 we invented the overdraft, and we were the first UK bank to offer a full Internet banking service.
Our performance in payment processing has been equally progressive. Over the last 20 years, we have built and acquired systems and services that help us deliver what all of our customers need. Our systems are now capable of processing up to 200 simultaneous online transactions a second and hundreds of simultaneous transactions a second in the face-to-face environment. These all add up to millions of payment transactions every day. They offer high-speed transactions with total precision and accessibility, without any compromise on confidentiality.
Here is a short introduction to our key milestones, past and present:
- 1986 - First UK debit card issued
- 1989 - Streamline established
- 1992 - Streamline International starts operations
- 1993 - WorldPay trials first Electronic Cash Purse in Europe
- 1994 - WorldPay opens first online shop offering secure transactions
- 1996 - Developed Internet multi-currency capabilities in conjunction with NatWest Bank
- 1996 - Processing brought in-house
- 1997 - Offices opened in UK, USA, Canada, Hong Kong, Japan, Germany, Holland, Belgium and France
- 1997 - Bibit Payment Services founded in the Netherlands
- 1997 - NatWest endorses the WorldPay system
- 1998 - Bibit signs up first clients in the spring
- 1999 - European Headquarters established for WorldPay in Cambridge, UK, to include multi-lingual call center
- 1999 - Bibit receives the Broos van Erp Award for most innovative and promising new media enterprise as well as the Momentum Award
- 2000 - Bibit expands its offering into France, Germany and the UK
- 2000 - RBS acquires NatWest (including Streamline)
- 2000 - Streamline's market share in UK is now 40%
- 2000 - WorldPay launched e-Commerce Shopping Cart solution
- 2000 - WorldPay and PSINet secure a deal to offer a complete eCommerce solution to US Internet information network company, National Data Corporation's one million customers
- 2001 - US operation launched supporting growing number of transatlantic clients (Dell, Microsoft, Expedia, etc)
- 2001 - WorldPay open a US sales office and call centre in Oklahoma
- 2001 - WorldPay wins the Computing Magazine award for Excellence 'eCommerce application of the year for the single and multi-currency processing system. And the Publishing Magazine Editor's Choice for outstanding products and services.
- 2002 - WorldPay becomes a wholly-owned part of The Royal Bank of Scotland Group
- 2002 - Completed the implementation within online payment processing of 3-D Secure (Verified by Visa / MasterCard SecureCode)
- 2002 - WorldPay opens offices in Germany - launch of payment processing in Germany
- 2002 - Streamline International wins the Queen's Award
- 2002 - Bibit win the Deloitte & Touche Fast50 award for the fastest growing technology company in The Netherlands
- 2003 - Local presence established in Spain and Japan, first links into Far East
- 2003 - WorldPay sells Click and Build to Something4
- 2004 - RBS acquire Bibit to form part of online payment services
- 2004 - RBS acquires US company Lynk Systems
- 2004 - Starts processing for partner banks in Australia, Hong Kong and Singapore
- 2006 - Acquired PaymentTrust and RiskGuardian from Trustmarque International
- 2006 - Streamline Contactless launched
- 2008 - RBS WorldPay launched
- 2008 - RBS WorldPay wins Queen's Award for Enterprise in International Trade for its international merchant services business. It provides payment solution services to worldwide retailers and service providers which enables them to accept card and electronic payments both on and offline
- 2008 - Card Awards - Best Technology Initiative of the year for RBS WorldPay's 'Contactless' development, including the world's first 'tap and go' card payment service
