Software house CSC is offering brokers reduced charges for credit and debit card payments, if they both use its back office system called electRa and are members of its marketing arm, Key Choice.

The brokers will be offered a basic merchant rate of 1.39%.

Key Choice recently polled its 650 members to find they were, on average, paying transaction charges of two per cent.

The electRa back office system provides brokers with an administration and account software package. Depending on the broker's level of credit card/debit card payments, further rate reductions will be introduced.

Managing director Nick Bate, said: "Our reduced charges will provide members with significant cost savings. Also over a quarter of those questioned did not accept credit cards, putting them at a disadvantage."