INDUSTRIES
In the Payment Services Sector when customers pay for services with debit cards there is a cash flow consideration and settlement delay that impacts your treasury department. Spreads can now be managed real time.
Financial Services:
- Receive funds in real time, so that you can credit funds immediately to your customer’s account, thereby delivering a better customer experience
- Funds are confirmed in your account, enabling you to ticket with confidence and reduce any risk from chargebacks
- Reduce any reconciliation costs versus payments by bank transfer
- Benefit from cheaper pay-in costs than debit cards
Open Banking payments are a simple payment option to integrate into your existing checkout page, particularly in a mobile commerce environment. There are significant benefits:
Open Banking payments are a fast and effective pay-in method for prepaid cards, credit cards, investment, and FX transfer businesses. Open Banking lets you:
With a streamlined online mandate signing process that covers all country by country variations, RaPay provides a quick and easy way for payers to give you permission to take money from their account. Your firm can now Manage your schedule of collections.
Insurance Premiums:
Open Banking payments are a fast and effective method for paying insurance premiums. This can be either a one-off or, with RaPay’s unique service, the start of a continuous payment authority. Our Open Banking solution lets you:
- Customers checkout seamlessly without the need to enter any data, reducing checkout abandonment (mobile checkout only)
- Payments are in real-time, providing you immediate access to funds
- Refunds can be credited back to customers in real time, improving the customer experience
- There are no PCI DSS requirements to worry about, reducing your security risks
- Benefit from lower costs compared to card and wallet payments
Travel and Ticketing:
Open Banking payments are a simple payment option to integrate into your existing checkout page, particularly in a mobile commerce environment. There are significant benefits:
- Customers checkout without needing to enter any data, reducing checkout abandonment (mobile checkout)
- Payments are received in real-time, providing you immediate access to funds and improving cash flow
- Reduce your risk due to delays in receiving the funds, particularly for FX and investment businesses
- Your customers can set up a direct debit for any future installment payments with one additional click, reducing the cost of chasing payments or processing cards
- There are no PCI DSS requirements to worry about, reducing your security risks
- Benefit from lower costs compared to card and wallet payments
RETAIL:
Open Banking payments are a simple payment option to integrate into your existing checkout page, particularly in a mobile commerce environment. There are significant benefits:
- Customers checkout seamlessly without the need to enter any data, reducing checkout abandonment (mobile checkout only)
- Payments are in real-time, providing you immediate access to funds
- Refunds can be credited back to customers in real time, improving the customer experience
- There are no PCI DSS requirements to worry about, reducing your security risks
- Benefit from lower costs compared to card and wallet payments