Ecommpay has increased its offering with the launch of its integrated Open Banking payment suite.
As a result of the expansion, the firm is seeking to offer greater control and scale over payment routing options.
Through the introduction of Open Banking Select, Ecommpay has become the first payment provider to orchestrate card payments and Open Banking transactions via a unified proprietary platform.
Moshe Winegarten, Chief Revenue Officer at Ecommpay, comments: “As an established, international PSP, we have over a decade of experience in providing a tailored experience for online businesses. This latest addition to Open Banking by Ecommpay underscores that commitment to offering merchants the most innovative and flexible capabilities. Select will enable eCommerce vendors to unlock new revenue streams and optimise operations.
“The payments industry is ready for Open Banking innovation and Ecommpay is driven to provide the best possible solutions.”
Open Banking Select includes integrations with top-tier Open Banking providers, with Token, Neopay and Nuapay all spearheading this process.
Todd Clyde, CEO at Token.io, commented: “This partnership exemplifies our mutual commitment to making Open Banking-enabled payments a mainstream payment method in Europe.
“Token.io’s best-in-class connectivity, сombined with the power and capabilities of Ecommpay’s suite of advanced Open Banking payment products, provides the highest success rates in the industry, as well as substantial growth and expansion opportunities for merchants.”
This enhanced Open Banking offering is a part of the Ecommpay in-house, integrated solutions as it continues to provide a complete payment infrastructure with orchestration of both direct card acquiring and Open Banking.
Its proprietary platform allows complete control and ultimate scalability with local and global payment methods.
Arthur Ribakovs, Director of Financials Partnerships at Ecommpay, added on the new offering: “This new addition to Open Banking by Ecommpay not only presents opportunities for online businesses but also collaboration within the payments industry. By integrating partners we are able to provide the very best service for our merchants, while continuing to push the industry forward.
“We’re excited about the possibilities of more great partnerships that Select opens up for us and are looking forward to exploring those at Open Baking Expo.”