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.

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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.

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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
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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

CONTACT THE TEAM

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