Open Banking

DIMOCO Acquiring Services Illustration

Unlock real-time, account2account payments across Europe.

Transform how you accept payments. By enabling direct, bank-to-bank payments, you remove the need for cards, reduce processing costs, and improve security & conversion rates for your business.

What is Open Banking?

Open banking, also known as account 2 account payments or direct to bank  payments,  was a directive from PSD2. It is a secure way  to access customer-permitted financial data directly from banks and financial institutions. It’s reshaping the way payments, credit checks, and financial services work.

No cards. No delays.

Get a modern, regulated payment solution designed to improve cash flow, reduce risk, and provide a seamless customer experience.

No chargebacks

Eliminate fraud-related chargebacks with secure, authenticated transactions.

Lower costs

Reduce transaction fees and reliance on card schemes.

Faster settlement

Near-instant settlement and improved cash flow.

 

 

DIMOCO The Why Illustration

How it works

01

Customer chooses Open Banking at checkout 

02

Redirected securely to their bank to authenticate the payment

03

Payment is confirmed in real-time

04

Funds are transferred directly to the merchant’s account

Designed for merchants

Integrate Open Banking easily into your existing payment flow

01

PSD2-compliant and fully regulated across the EU

Comprehensive reporting and reconciliation tools

02

Supports refunds, recurring payments, and more

03

Ready to modernize your payments?

Discover how Open Banking can streamline your checkout and boost your bottom line. Contact us today for a demo or to speak with a payments expert.

PRODUCTS

Explore our other products

Turn payments into
opportunity

Any Questions?

Let us help you boost your revenue

Search the DIMOCO website