WL Account-Based Payments

Payment Initiation Service (PIS): a true opportunity for merchants

Key points

More freedom and confidence for consumers
Account-based payments are preferred to card payments in several European countries.

Universal payment means for merchants
Account-based payments can transform the user payment experience with innovative solutions (e.g. large amount on e-Commerce, payment at delivery, wallet, internet mobile and in-store payments…).

Secure for merchants
Account-based payments are irrevocable and more reliable than Direct Debit for billing.

Customer transformation challenges

New payment options position your business for growth

Integrate a smooth payment experience within the shopping journey

Define a simple customer experience

Propose a transparent SCA (Strong Customer Authentication)

Re-think the accounting process

Deploy homogeneous customer experience with an attractive user onboarding (single registration process)

Encourage customers to use new payment methods for a better user experience

Find the right balance between regulatory requirements, security and customer experience in-store, in-app and online

Avoid impacts on till systems and online shops with these convenient integration tools, reporting (reconciliation) and features (refund)

White paper PSD2 for merchants

PSD2 the driver of your business opportunities

With the digitization of the economy and the payment market, it was becoming necessary to update the existing Payment Service Directive. As of January 13, 2018, a new PSD2 will be launched to cover this need.

Making Instant Payments a Reality

The European Payments Council (EPC) has confirmed a November 2017 launch date for a pan-European instant credit transfer scheme (SCT Inst) that will bring real-time money transfers across the Single Euro Payments Area (SEPA).