Our Open Banking services have been developed to make payments easier, faster, safer and more flexible for you and your customers as well as providing you with the data to make better informed financial decisions and help avoid costly and time-consuming errors whilst reducing fraud.
Open Banking offers a wide range of benefits, including enhanced efficiency and simplified operations as well as offering more payment options for your customers.
With PayPoint as your partner, we can help improve customer satisfaction, achieve safer transactions and reduce your costs.
Using our innovative customer support tool, we can support our clients with income and expenditure checks, eligibility for discretionary credit or supporting customers in financial distress with consent-led access to their financial information.
This allows our clients to validate customers claims for support within seconds. Eliminating the need for physical supporting documents, reducing the time taken to make a decision, and allowing the customer to receive their payment quicker.
Account-to-account payments are more straightforward and cost-effective than card payments, offering a simple and seamless way to securely transfer money between banks. Open Banking payment initiation allows your customers to make a bank transfer payment, which prepopulates your bank details, removing any room for potential keying error.
Offering a unique managed end to end vend process via Open Banking. The customer is able to use PIS to top up their SMART PAYGO meters. PayPoint has built an account check followed by a vend check then a capture of funds offering a slicker payment journey for the customer at the same time offering a cost efficient payment solution for the client.
As an Open Banking solution provider, we take security seriously. This service helps you avoid making accidental, misdirected or potentially fraudulent payments.
Make payments to customers directly into their verified bank accounts, without having to store their bank details. Payments can be sent by post, email or SMS. Eradicating the need to hold bank details this service can replace the need to send paper cheques out to customers reducing costly printing and posting costs. This service can be used to issue refunds, loyalty payments and good will gesture payments.
*The AIS and PIS service is provided by Obconnect Limited an authorised payment institution and part of the PayPoint Group.
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