Payment Initiation Service (PIS): a true opportunity for merchants


Key points

  • More freedom and confidence for consumers

    Account-based payments are preferred to card payments in several European countries.

    Universal payment means for merchants

    Account-based payments can transform the user payment experience with innovative solutions (e.g. large amount on e-Commerce, payment at delivery, wallet, internet mobile and in-store payments…).

    Secure for merchants

    Account-based payments are irrevocable and more reliable than Direct Debit for billing.

Customer transformation challenges

New payment options position your business for growth

Deploy homogeneous customer experience with an attractive user onboarding (single registration process)
Encourage customers to use new payment methods for a better user experience
Find the right balance between regulatory requirements, security and customer experience in-store, in-app and online
Avoid impacts on till systems and online shops with these convenient integration tools, reporting (reconciliation) and features (refund)

White paper PSD2 for merchants

PSD2 the driver of your business opportunities

With the digitization of the economy and the payment market, it was becoming necessary to update the existing Payment Service Directive. As of January 13, 2018, a new PSD2 will be launched to cover this need.

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Making Instant Payments a Reality

The European Payments Council (EPC) has confirmed a November 2017 launch date for a pan-European instant credit transfer scheme (SCT Inst) that will bring real-time money transfers across the Single Euro Payments Area (SEPA).

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