Payment Guru – Open Banking, Account to Account (A2A) payments

Payment Guru – Open Banking, Account to Account (A2A) payments

Payment Guru – Hotel Payment Systems / Hotel Card Processing Savings / Short Term Lending Solutions

Open Banking / Account-to-Account payment solutions (A2A) means a payment is initiated and is then paid by Faster Funding processes, from one bank account direct to another bank account.

It allows a way for your business to be on the cutting edge of new systems, but also to drive down your costs.  This can therefore avoid traditional routes of BACS, Direct Debit or Credit Card.

We can offer these solutions (subject to setup and integration) as both Face to Face (F2F) and cardholder not present (CNP).

Product Details

  • Huge potential savings against merchant service charges (great potential for C&B and your FOH bookings)
  • Available both cardholder present (terminals), CNP/MOTO, eCommerce, payment links via email or Text message
  • Provide new innovative ways to pay to your customers
  • New technology, be ahead of the competition
  • PCI compliant – works outside of this network
  • No Chargebacks
  • Instant settlement

This is a real disruptive force in payments as this will avoid the fees normally charged by Visa/Mastercard and other schemes both with interchange and scheme fees, but also the acquirer is taken out of the loop also.

From a purely cost perspective then, on high ticket transactions the impact can be significant

Open Banking is far more flexible than DDs, and quicker to initiate and more tech savvy than BACS/Faster Funding, allowing your customers to make these payments both quickly and cost effectively in all scenarios

We can discuss how and where they are both viable, suitable and can help supoprt your business moving forward.

 

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