Open Banking platform Tink has integrated its Pay by Bank payment method for a faster and simpler ticketing service on CTS EVENTIM.
The ticketing and live entertainment company collaborated with Tink to bring Pay by Bank to its checkout process, streamlining the customer journey at various physical box offices, online portals and mobile apps across Europe.
Sören Kuthning, Head of E-Commerce Finance Operations, CTS EVENTIM: “We’ve integrated Pay by Bank from Tink to offer our customers a seamless, secure, and instant way to pay directly from their bank accounts.
“This enhances the checkout experience by reducing payment failures and processing times. The additional option not only improves customer satisfaction but also supports us in delivering an efficient and reliable service.”
Harnessing Tink’s expansive pan-European network, Pay by Bank is now a checkout option for CTS EVENTIM customers across Austria, Germany, the Netherlands, Poland and the United Kingdom – with ambitions to expand into more markets throughout 2024.
Pay by Bank is an Open Banking online payment method that lets users authenticate and initiate payments directly from their bank account into a seller’s account in a few clicks.
With minimal data entry and fewer redirects, this account-to-account payment offering provides a secure and streamlined experience – allowing merchants to differentiate themselves from the competition.
Thomas Gmelch, DACH Payments Director at Tink, added: “Today’s consumers demand simplicity and speed in their payment processes, particularly when purchasing tickets for sought after events. Pay by Bank delivers precisely that, offering one of the smoothest online payment experiences.
“Partnering with Eventim allows us to show the true value of Pay by Bank. With this payment method, the only prerequisite is a bank account, opening up the possibility of serving millions of new and frequent Eventim customers.
“Being part of Visa ensures we are able to provide trusted and secure payment solutions across all of Eventim’s primary markets, leveraging over 60 years of experience in shaping the future of commerce.”
