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open banking payments

After twenty years of progressively complex security fixes being applied to card and bank payments, making life more expensive and complex for both businesses and their customers, new open banking payments regulation and technology has allowed innovative regulated payments institutions like Ordo to start again from scratch. They now offer new open banking enabled payments options for businesses that are not only easy to use, but inherently more safe and secure for both the business and their customers.

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open banking payments

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  1. Open banking payments

  2. By Ordo After twenty years of progressively complex security fixes being applied to card and bank payments, making life more expensive and complex for both businesses and their customers, new open banking payments regulation and technology has allowed innovative regulated payments institutions like Ordo to start again from scratch. They now offer new open banking enabled payments options for businesses that are not only easy to use, but inherently more safe and secure for both the business and their customers.

  3. Open banking payments-Re engineering security back into payments As bank and card payments have evolved over many years, new security gaps have been exposed, and increasingly onerous security overlays for businesses and their customers have been developed to try and protect payments. While generally effective, these security overlays are making payments more difficult, adding expense to businesses and significant complexity to the consumer payments experience.

  4. Open banking payments- Finally, a real alternative to cards for e- commerce and contact centre payments As businesses have digitised, going from predominantly face to face to online and contact centre interactions, payment have had to follow suit. Realistically, the only option for taking these remote payments has been with credit and debit cards. But cards are expensive and increasingly complex to support operationally. New open banking payments regulation and technology has allowed innovative regulated payments institutions like Ordo to deliver attractive new alternatives. These services allow businesses to collect payments for only a small, fixed fee, and without the customer experience difficulties of cards.

  5. Open banking and QR codes - 2+2 can be a lot more than 4! Two very different technologies, from very different stables, open banking enabled account to account payments and smartphone read QR codes are coming together to revolutionise the way we pay on-line, in store and face to face. New open banking enabled QR code payment solutions, like Ordo’s, offer low cost, easy to use and secure ways for businesses to collect payment from their customers breaking the long-held monopoly of the global card schemes.

  6. For more information visit : https://ordohq.com/open-banking-payments/

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