Open Banking
Unlock real-time, account2account payments across Europe.
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.
Open Banking Advantages
DIMOCO’s in-house Open Banking solution is a modern, regulated payment method 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.
How it works
01
Customer chooses Open Banking at checkout
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Redirected securely to their bank to authenticate the payment
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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
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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.
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