Worldline, the European leader in the payments and transactional services industry, introduces WL Account-Based Payments, an account-to-account (A2A) payment offering allowing online businesses to launch their own custom-branded payment method. Worldline’s solution is built with open banking technology which allows third parties to access consumer banking information previously controlled by banks. The payment methods will feature custom branding, instant settlement notification, low fees, comprehensive coverage and more.
The solution is designed for online brands with a loyal consumer base who would consider using a brand’s own payment method at checkout. Brands who wish to adopt a different strategy can choose a more standardized setup. The solution from Worldline can be accessed through a single API allowing for a simple and swift integration offering:
Custom branded payments: Displays company name and official logo at checkout. This way businesses can encourage consumer adoption and promote their brand to shoppers at all stages of the payment journey.
Instant settlement notification: A speedy settlement notification assuring online businesses they can release their goods or services with confidence[1].
Low fees: By leveraging open banking technology, WL Account-Based Payments, provides cost-effective payments.
The most complete coverage: Gives businesses access to 20 European countries and the UK, making it the most competitive offering on the market today.
Further features include QR-code payments with one-click refunds and the setup of recurring payments at checkout is scheduled for later this year. These lead to an improved user experience and conversion rates. Worldline is launching the solution progressively throughout Europe and is continuing its expansion into high growth markets in Asia and Latin America.
About Worldline
Worldline [Euronext: WLN] is the European leader in the payments and transactional services industry and #4 player worldwide. With its global reach and its commitment to innovation, Worldline is the technology partner of choice for merchants, banks and third-party acquirers as well as public transport operators, government agencies and industrial companies in all sectors. Powered by over 20,000 employees in more than 50 countries, Worldline provides its clients with sustainable, trusted and secure solutions across the payment value chain, fostering their business growth wherever they are. Services offered by Worldline in the areas of Merchant Services; Terminals, Solutions & Services; Financial Services and Mobility & e-Transactional Services include domestic and cross-border commercial acquiring, both in-store and online, highly-secure payment transaction processing, a broad portfolio of payment terminals as well as e-ticketing and digital services in the industrial environment. In 2020 Worldline generated a proforma revenue of 4.8 billion euros. worldline.com
https://worldline.com/en/home/pressroom/press-releases/2021/pr-2021_09_27_01.html