Discover the latest by Prommt
Latest Press
January 18, 2024 Irish Tech News Podcast

Donal McGuinness, CEO at Prommt, discusses how to effectively identify and protect oneself from fraud as SMS and phone scams grow more sophisticated.

Find Out More
January 3, 2024 The Paypers’ Cross-Border Payments and Ecommerce Report 2023-2024

Prommt has been featured in The Paypers’ recent Cross-Border Payments and Ecommerce Report 2023-2024. The report provides a comprehensive overview of trends, developments and future perspectives of the payments landscape. Payments Orchestration has been an emerging topic in recent years.

Prommt optimises payment success by offering merchants the flexibility to present pay by bank (open banking payments) or card options when requesting payment, or automatically set the desired payment method depending on value threshold or location of a transaction. Prommt can set automatic chase paths for failed transactions or where the cart has been abandoned and present an alternative payment method to complete the transaction – bank or card. Prommt is an acquirer agonistic payment orchestration provider. One of our key benefits is the ability to reduce fraud and provide additional protection against fraud for our merchant clients.

Find Out More
November 28, 2023 How bank transfers are changing for the better

Business Age

We’ve all been there. Typing out that never-ending string of numbers and letters, double-checking if we’ve got it right, and wondering if there’s a better way to pay. Spoiler alert: there is.

Say goodbye to tedious manual bank transfers. Things are getting a lot easier thanks to changing payer expectations and wider adoption of open banking payments.

Merchants don’t need to send their bank details in a PDF, asking customers to set them up as a payee and then complete payment. Now, it’s all automated. From a secure, branded checkout, payers then simply authorise the payment via their mobile banking app. Simple, quick and seamless.

Find Out More
Latest Publication
Client Insights - Open Banking Payments, Q4 2023
Client Insights – Open Banking Payments, Q4 2023

Following our successful soft launch in July 2022, Pay by Bank has rapidly gained momentum, with an impressive 60% of our clients processing millions through open banking. We are sharing our key findings to date in this latest client insights paper.

Highlights include:

  • Clients achieve over 93% payment success rates.
  • Automotive is our top performing industry for Pay by Bank. The highest value Pay by Bank transaction in Automotive was €72,714.25.
  • The highest value Pay by Bank transaction within Hardware was £47,077 and within Luxury Retail was £66,400. The highest value within Hospitality was just under £20,000.
  • Average Transaction Value (ATV) continues to increase each month. The ATV for a Pay by Bank transaction (£4,040) is four times higher than the ATV for a card transaction (£990). Six months ago, the ATV for a Bank transaction was (£2,390) and for Card was (£675). This implies two things – Card transactions are not endangered, and Pay by Bank will continue to bring high-value transactions onto our platform.
  • The Prommt checkout is now available as a Web Payment, not dependent on Pay by Link.
Download Report
So much more than Pay by Link
So much more than Pay by Link

Introduction to Prommt

Prommt enables businesses to request, collect and track remote payments from their customers with secure payment links via any payment type, any channel, at scale.

When customers want to pay by phone or a product doesn’t lend itself to e-commerce shopping carts, Prommt allows you to turn risky, time-consuming over the phone transactions into secure, convenient, online payments. Our orchestration tools offers the ability for businesses to easily present card or bank as a payment method.

Prommt focuses on security and confidence and a journey that is native to the retailer.

Download PDF

Ready to get started?

We are available 24/7 to help your payments perform at a world-class level.

Request a Demo