Exactly.com, a leading payment processing company, has recently launched its newest product – Open Banking API. This innovative payment solution presents a faster and more cost-effective alternative to traditional card-based payments, changing the financial industry by increasing accessibility, fostering competition, and providing personalized and innovative financial services.
Open Banking API offers a range of key benefits for both merchants and customers. For merchants, this payment solution provides the opportunity to expand their businesses in the UK and Europe, with increased conversion rates due to a smooth payment process. Additionally, lower transaction costs are possible because of fewer intermediaries, and advanced fraud detection and prevention using existing bank security features and protocols.
On the other hand, for customers, Open Banking API offers the possibility to reduce service costs, advanced security backed up by clients’ banks, transparent banking for increased trust and clarity, and a smoother customer experience due to the simplicity of the payment process. With these benefits, it is clear that Open Banking API is a game-changer in the payment processing industry.
One of the most significant advantages of Open Banking API is its advanced chargeback alert and analytics system. This system continuously watches all transactions and helps protect businesses from chargebacks, which can be a costly and time-consuming process. With this system, businesses can rest assured that their transactions are secure and protected from fraudulent chargebacks.
Security is a top priority for Exactly.com, and Open Banking API reflects that with its high-security standards. Access to the merchant account management system is protected by a two-factor authentication system, which helps prevent any potential break-ins. This ensures that businesses’ payment data is kept safe and secure at all times.
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Open Banking API is also incredibly fast to integrate, with businesses able to choose from different integration types that fit their needs and start accepting payments immediately. This means that businesses can quickly and easily set up their payment processing solution without any delay, allowing them to focus on growing their business.
In addition to fast integration, Exactly.com’s Open Banking API also offers 24/7 technical support to help businesses with any issues or questions they may have. Businesses can tailor the payment page to their brand design, providing a truly seamless payment experience for their customers. This helps build trust and confidence with customers, leading to increased customer satisfaction and loyalty.
Another advantage of Open Banking API is its custom feature stack. Businesses can request specific features to be developed on-demand to widen their business opportunities. This means that businesses can tailor their payment processing solution to their unique needs, providing a customized experience for their customers.
Finally, Open Banking API provides real-time reporting, allowing businesses to get instant access to key financial information. This helps businesses make informed decisions about their payments and provides valuable insights into their customers’ behavior and preferences.
In conclusion, Exactly.com’s Open Banking API is a cutting-edge payment processing solution that offers a range of features and benefits that set it apart from the competition. With advanced chargeback protection, high-security standards, fast integration, 24/7 technical support, custom feature development, and real-time reporting, Exactly.com provides a comprehensive payment processing solution for businesses of all sizes. By choosing Open Banking API, businesses can focus on growing their business, confident in the knowledge that their payment processing needs are taken care of.