If you've ever made a payment directly from your bank account to a merchant or service provider, it’s likely that a Payment Initiation Service (PIS) was part of the technology that made it happen. And as Open Banking becomes more widely used and understood, PIS will play an increasingly important role in how goods and services are paid for.
How the world pays has changed dramatically since technology became part of the process. A pivotal advancement in these recent changes has been Open Banking Variable Recurring Payments (VRPs). Open Banking VRPs are beginning to drive the change regarding how customers pay for goods and services. As a result of more interconnected accounts, payments are more convenient, and transactions have seen a marked improvement in security.
Whether you want to create your own solution, or you want us to do it for you—we have the technology for it. Our experienced team is here to support you now and in the future.
