IBS Intelligence Podcasts | A Cedar Consulting Unit
Personalised experiences are the hallmark of luxury purchases. It’s not just about the product—it’s about how the customer feels during the purchase. Payments play a vital role in this experience. The payment journey is an extension of the brand, making it crucial to remove friction at checkout, and offer a choice of safe and convenient payment options.
For high-value purchases, open banking provides a safer, faster, and more cost-effective alternative to manual bank transfers, drafts, or cheques. Businesses can cut costs and protect margins by reducing high transaction fees, card fraud, chargebacks, and payment operation costs.
In this episode, Gloria Methri of IBS Intelligence chats with Donal McGuinness, CEO at Prommt, on the impact of open banking and digital payments transformation on the luxury retail and automotive sectors – particularly around remote and online high-value transactions.
Find Out More July 25, 2024 “Never underestimate the importance of listening.”– CEO Q&A with Donal McGuinnessBusiness & Finance
Donal McGuinness, CEO of Prommt, talks about emerging trends in the payments industry, Prommt’s major highlights and achievements this past year, future plans for the company, his biggest challenges as CEO, his favourite hobbies and books, his life mantra, and more.
Find Out More July 9, 2024 Event Payments: How Open Banking Improves Security, Speed and Guest SatisfactionIrish Tech News
For hotels, hosting events like weddings and conferences goes beyond providing a venue. It involves orchestrating a symphony of services while ensuring every transaction is as smooth as the occasion itself. Enter open banking, a game-changer for high-value event payments.
Open banking eliminates the hassle of card limits and costly processing fees and offers a safer, faster, and more cost-effective alternative to manual bank transfers, drafts or cheques. It transforms event payments with automation and enhanced security by saving time, cutting transaction fees, and lowering operational costs. It reduces fraud and data risks, while exceeding guest expectations for seamless transactions.
Find Out MorePay by Bank (PBB) revolutionises bank payments by replacing the cumbersome process of sharing IBANs and account numbers with a seamless digital experience. Unlike card payments, PBB eliminates chargebacks, card fraud, and payment operation costs, making it a game-changer for high-value transactions. Additionally, PBB does not incur scheme or interchange fees.
In our latest client insights paper, we share key findings to date.
Highlights include:
Discover more, including adoption use cases, industry-specific highest transaction values & ATVs and current limitations, in our full report.
Download ReportA whitepaper by Edgar Dunn & Company, commissioned by Prommt and Barclaycard
Pay by Link is establishing itself as an alternative in the evolution of digital payments. Smarter and more sophisticated solutions are reducing costs and improving the customer experience, helping to increase sales in the remote payments market.
Fraud and the protection of customer data provide an ever-increasing challenge for the payment industry. Evolving Pay by Link solutions offer significantly improved protection and peace of mind to customers and merchants offering high value goods and services. It not only protects and supports the entire payments value chain, but it provides a high level of customer experience offering significant advantages for merchants to safely drive and increase sales in specialised markets.
Explore the evolving landscape of traditional MOTO payments, the challenges faced by merchants, the advancements in Pay by Link innovation and its benefits in the remote payment sector.
Download ReportWe are available 24/7 to help your payments perform at a world-class level.
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