As the largest bank for businesses in the UK,* the NatWest Group has long supported FSB, and this official payments partnership builds on that support.

Together with FSB, NatWest Group formed the SME Taskforce in 2020 to assist SMEs in responding to and navigating the COVID-19 pandemic's aftermath. The two organizations collaborated closely to serve clients by bringing in stakeholders from a variety of small business backgrounds.

NatWest just launched a £1 million agreement with FSB last year to give its corporate clients access to webinars, 1-2-1 phone support, and webchat for independent support and education regarding the cost-of-living crisis.

If FSB members meet the eligibility requirements as part of the collaboration, they will receive cost savings and additional benefits by joining up with Tyl. According to data from Tyl by NatWest, eight out of ten companies could avoid expenses by moving from their current card payment provider to Tyl by NatWest.

Tyl provides a straightforward pricing system for small businesses, with one cheap charge for personal card transactions (if the card is issued in the UK or Europe) and another for all other transactions. Tyl offers a variety of alternative rates for larger businesses based on their specific demands.

Apart than the potential financial benefits, Tyl by NatWest offers features that could assist FSB members in managing their day-to-day operations, such as:

- For in-person sales, you can use a phone app or card readers.
- Accept payments over the phone or online.
- Send out QR codes and payment URLs to get paid fast.
- Simple bills with settlement the following business day
- Tyl Portal provides daily access to up-to-date sales data and a UK-based help and service line
- Tyl is a part of NatWest, which offers security, trustworthiness, and expertise to guarantee secure payments.

With Tyl now available, FSB members might be using it in as little as 48 hours.

"FSB and NatWest share an ambition to provide strong support for the growth of entrepreneurship and small businesses in the UK," says James Holian, Head of Business Banking at NatWest. "We are excited and proud to partner with FSB in payments services for its members."

According to Mike Elliff, CEO of Tyl by NatWest, "small businesses are critical to our communities and economy." In light of the growing expenses associated with trading for small business owners, Tyl by NatWest is thrilled to have partnered with FSB to provide its members a comprehensive array of dependable, reasonably priced payment options that are complemented by excellent customer support.

Chief Commercial Officer of FSB Caroline Lavelle stated: "I'm thrilled to form this partnership with Tyl by NatWest." We have a long history of collaborating with NatWest on commercial projects, and we are excited about this new phase of our partnership.

"A chance to reduce payments, which are essential to any business, will be highly appreciated as a lot of our members and the larger UK small business community continue to manage the rising cost of trading."