E C O M M P A Y
smooth operations so clients can focus on growth. ENHANCED TRANSACTIONS Drive growth with Ecommpay ’s orchestrated
Europe. This allows us to leverage their combined connectivity to thousands of EU banks, ensuring resilience in our open banking solution. This solution stands out because we've enhanced it with local virtual IBAN accounts in different European countries, mitigating IBAN discrimination and ensuring higher payment success rates. Collecting funds via a settlement account allows immediate payment confirmations, ideal for merchants needing real-time updates. We also pass through post-transaction verification, including the payer's name, providing full transparency on each transaction, setting us apart from traditional A2A systems. Our platform also aggregates funds, provides instant payouts, and streamlines payments in GBP and EUR, ensuring efficiency, security, and compliance.
A2A open banking solution combined with virtual accounts
How has Ecommpay's solution benefited a complex client?
One example is how we've helped a UK-based investment platform with a complex fund management system. They dealt with multiple parties and needed a more efficient way to handle everything. With Ecommpay's virtual accounts and payment orchestration, they could simplify how they collect and segregate funds for different parties. This made their transactions faster, more secure, and much more transparent. By integrating Faster Payments in the UK and SEPA Instant Payments in Europe, they can process funds quickly and reliably. What are this client's goals, and how is Ecommpay supporting growth? Their goal is to evolve into an independent FCA-regulated entity. As they scale, Ecommpay supports them in reducing operational costs, improving ledger management, and building the necessary infrastructure for sustainable growth.
Ecommpay is transforming online payments by streamlining transactions for businesses ready to grow. Offering over 100 alternative payment methods, Direct Debit, card processing, and open banking, Ecommpay consolidates these features into one platform. The outcome? Faster payments, reduced costs, and enhanced growth potential for businesses. Moshe Winegarten, Ecommpay's Chief Revenue Officer, discusses how the company's open banking solution and virtual accounts simplify merchant payment processes.
What's the main benefit of open banking for merchants?
How does Ecommpay simplify payment processes?
Cost-effectiveness is a significant benefit, especially for businesses that deal with larger transactions or frequently move money around. Sectors like remittance, stock broking, investing, and neobanks, where quick settlements are crucial. With open banking, payments are quicker, cheaper, and much smoother – both for the business and its customers. How is Ecommpay's open banking service different from traditional A2A systems? Instead of offering a direct PISP solution, we orchestrate across multiple PISPs in
We simplify payments by integrating everything into one platform. Instead of dealing with multiple service providers, our clients manage all their payment needs in one place. This integration offers a wide range of payment services, providing businesses greater reach, reliability, and cost-effectiveness. We've reduced delays and streamlined transactions by automating much of the process. Our fully auditable system allows businesses to track everything transparently, lowering operational costs and ensuring
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