e-Commerce account-based payments
Enable account-based payments to become a major payment method for online and in-store payments
Optimize your e-Commerce experience thanks to account based payment
The new PSD2 related Payment Initiation Service (PIS) enables PSP and Acquirer (owning a TPP license) to initiate a payment request, with the explicit consent of the account holder (payer) from their online payment account held at their bank to pay for goods or services. The necessary consent is the established two-factor authentication means provided by consumers’ bank.
Such an account-based payment is meant to be an alternative to the traditional payment methods such as card payment or direct debit. Advantaged to these traditional payment means are the user experience and improved security by using the mobile device and the low costs and the fast fund availability especially in combination with instant payments.
Worldline supports payment service providers (like acquiring banks, PSP and TPP) with the connection to all major European banks and the technical processing of all payment transaction related processes like routing, authentication, reconciliation and refunds
The new PSD2 related Payment Initiation Service (PIS) enables PSP and Acquirer (owning a TPP license) to initiate a payment request, with the explicit consent of the account holder (payer) from their online payment account held at their bank to pay for goods or services. The necessary consent is the established two-factor authentication means provided by consumers’ bank.
Such an account-based payment is meant to be an alternative to the traditional payment methods such as card payment or direct debit. Advantaged to these traditional payment means are the user experience and improved security by using the mobile device and the low costs and the fast fund availability especially in combination with instant payments.
Worldline supports payment service providers (like acquiring banks, PSP and TPP) with the connection to all major European banks and the technical processing of all payment transaction related processes like routing, authentication, reconciliation and refunds
Benefits of account based payment in e-commerce ?
Value for customers
Seamless and multichannel End-to-End process
Choice from multiple payment solutions
Secure payment process via Strong Customer Authentication (SCA)
Loyalty advantages
Cross-border shopping
Clear track of account balance
Value for merchants
Lower processing costs
Faster payments and access to funds
No schema and interchange fees
Fast overview of unpaid transactions
Fully digitalised payment process
Efficient reconcilliation
Validated payment data
Support cross-border payments