CellPoint Digital is partnering with Vyne to enable instant open banking payments for merchants

CellPoint Digital is partnering with Vyne to enable instant open banking payments for merchants

From Joy Dumasia

November 26, 2021

  • API
  • CellPoint Digital
  • cooperation

CellPoint Digital announces a partnership with full-stack account-to-account payment specialist (A2A) Vyne. This partnership enables the Vyne platform to offer instant payments to CellPoint Digital’s merchant customers, enabling users to pay faster than ever and reducing the merchant’s transaction costs.

Via CellPoint Digital’s Velocity Payment Orchestration Platform, merchants can integrate Vyne into their payment ecosystem and thus offer the speed and convenience of instant payments without direct integration with an open banking provider. With intelligently routed transactions monitored in real time, merchants can analyze performance and use data to reduce costs, increase acceptance and simplify operations through automated reconciliation.

By partnering with Vyne, CellPoint Digital merchants can now access enhanced payment experiences. The Vyne solution uses open banking technology and enables online shoppers to check out with just three clicks and offer invoices within seconds.

The Vyne solution works by using a customer’s existing online banking app to initiate and authenticate a transfer. This eliminates the need for the customer to enter their account information online. The trader never stores sensitive financial information, which makes for a safer process for both parties. By enabling a payment method that can be completed with just three clicks, the platform offers a seamless and hassle-free experience that can help reduce shopping cart abandonment.

Kristian Gjerding, CEO of CellPoint Digital, said, “The partnership with Vyne is a significant addition to CellPoint’s payment offering. Merchants currently using our Velocity Payment Orchestration Platform can take full advantage of the Vyne platform within their payment ecosystem, and can do so gives traders a greater chance to grow their business. At CellPoint, we value our partnerships. For us, they’re more than just functional, and since Vyne is a co-innovator in payments and has a track record of delivering to top-notch merchants, we look forward to developing a long-term, collaborative relationship. “


Previous article

Thanksgiving 2021: 4 reasons to be grateful to FinTech

Continue reading

Next article

Black Friday 2021 witnessed a surge in Buy Now Pay Later funding

Continue reading

IBSi Prime News

The weekly wrap

The Weekly Wrap: Everything You Need To Know By Friday COB | November 26th

Continue reading

  • Daily insightful news analysis
  • Weekly snapshot of industry deals, events & insights
  • Sectoral deep dives on the hottest FinTech trends
  • Exclusive interviews with C-level executives who shape the industry
  • Profiles of the most influential established and emerging companies in the industry
  • Weekly Global FinTech Use Cases
  • Chart of the week, curated by the IBSi research team

Subscribe to Prime

IBSi FinTech Journal

  • The most trustworthy FinTech journal since 1991
  • Digital monthly edition
  • 60+ pages with research, analyzes, interviews, opinions and rankings
  • Global coverage

Subscribe now

Comments are closed.