Nationwide as extended its 35-year partnership with Visa, with the card provider continuing to provide around 16 million of the building society’s customers with credit and debit cards.

Nationwide said that the new agreement will help drive growth in current account and credit card issuing, allowing it to reach a larger number of customers across the UK.

Visa said it intends to provide Nationwide with services covering both card and account-to-account payment types, adding that this focus reflects the growing importance of consistent user experiences and fraud prevention needs across all payments.

Through the partnership, Nationwide said it will launch a series of new joint programmes to deliver greater value to UK High Streets, will details to be announced shortly.

Visa said that it has invested £8 billion in technology over the past five years to reduce fraud, adding that the company will draw on this investment to keep Nationwide customers safe.

“Expanding our partnership with Visa is an important move, as it means we can continue to provide new innovative products and services to our current and future members,” said Tom Riley, director of retail products at Nationwide. “We’re excited to work together to deliver new ways to pay and protect our members’ money, so they continue to actively choose Nationwide.”

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