LONDON, UK: PCI-PAL Plc (AIM: PCIP), the worldwide cloud supplier of safe payment options for enterprise communications, to introduced a partnership with TrueLayer, the worldwide fintech supplier of open banking solutions.
Over time the partnership will see PCI Pal make a vary of open banking services available to its partner ecosystem and direct customer-base.
Through its integration to TrueLayer’s open banking platform, PCI Pal will be initially including open banking payment capabilities to its existing suite of safe options that cowl the entire omnichannel combine present in contact centres today.
The first merchandise are anticipated to launch inside the subsequent few months with the brand new services empowering PCI Pal customers to supply additional payment choices to consumers in addition to making their payment processes faster, safer and extra cost effective.
Open banking funds allow a seamless and instantaneous payment expertise for each the enterprise and consumer, with funds moving between the parties’ banks virtually instantaneously. Risks of fraud and chargebacks1 are additionally greatly reduced as a results of the Know Your Customer (“KYC”) checks that are an inherent a half of the open banking payment process.
Today, open banking is being adopted throughout Europe, with progress being made in lots of different areas globally together with Canada, Australia, and extra recently the US, because the conventional banking market continues to undertake the flexibility of digital banking capabilities.
Commenting on the partnership, James Barham, Chief Executive Officer of PCI Pal, said: “In the final 5 years, PCI Pal has constructed up an enviable customer-base, with greater than four hundred companies utilizing our options throughout a number of continents. We have constructed up the strongest partner eco-system in our market through our dedication to a partner-first enterprise mannequin and a globally available true-cloud solution suite. As a result, we now play an important role inside the facilitation of funds inside enterprise communications environments for our companions and customers alike.
“Leveraging this position, we aim to bring the most modern payment technology to our ecosystem, offering our customers with elevated choice for optimising revenues, while assembly the calls for of consumers inside the ever-evolving digital funds landscape.
“This new partnership, with one of many main manufacturers globally inside the open banking space, is hugely thrilling for PCI Pal as we proceed to evolve our product-set and capabilities to construct on the foundations we have put in place over the final 5 years. We look ahead to updating customers, partners, and investors as we make additional progress with new product initiatives.”
www.pcipal.com