Transact365 plugs in Volt.io for Open Banking payments capability
Transact365 is partnering with Volt to bring faster, more efficient Open Banking payments for their clients. Volt provides a unified integration for Open Banking acquiring and global acceptance with their end-to-end solution.
In bringing the benefits of Open Banking to their diverse range of global merchants, Transact365 is casting their vote for account-to-account payments and their continued disruption of payments. Merchants the world over have identified payments as a strategic focus, and with recent events accelerating the shift to online faster than ever, this has now become mission critical for many businesses.
Volt smart-routing capability provides Transact365 with the greatest coverage and the reliability needed to confidently offer Open Banking payment initiation services to their merchants, enabling them to connect wherever banks are connected.
David Lambert, Commercial Director at Transact365 commented: “In today’s climate, the demand for more direct and faster payment solutions is ever present. Pan European Open Banking will deliver near instant payments to our merchants from their customers. By partnering with Volt we have married our dual technologies to ensure that the speed of payments, back office reconciliations and customer journey provide a highly credible and immediate alternative to traditional payment methods.”
Jordan Lawrence, Chief Commercial Officer at Volt added: “We are pleased to see the demand for direct payments capability building from the ground-up. Transact365 will be a strong partner in accelerating the shift, and we are pleased to deliver Open Banking payments to their customer-centric solution.”
About Volt (www.volt.io)
Volt is a single aggregation point and gateway to the world of open banking. Our switch technology is currently connected to the strongest network providers in Europe; we will follow the rollout of open banking around the world, bringing together the best performing networks and providing a one-stop solution for global connectivity.
About Transact365 (www.transact365.com)
Transact365 is a top-tier payment gateway connected to over 50 global acquirers and alternative payment methods. Our unified integration allows merchants across different sectors to expand into new territories without the pain of multiple integrations - offering traditional payment methods alongside open banking and digital currencies, as well as IBAN solutions and dynamic fraud management system - serving merchants in need of globalising their online businesses.