Lynck, a German payment service provider, has collaborated with Mastercard to offer Open Banking payments and Pay by Bank solutions.

The partnership aims to provide secure and straightforward account-to-account (A2A) online transactions. When customers check out, they select ‘Pay by Bank,’ choose their preferred bank, and complete the payment process through their online banking login. Merchants can immediately receive confirmation of the transaction.

Secure Pay by Bank Solution

Lynck Solution GmbH specializes in enabling businesses to accept payments both online and at point-of-sale (POS). The company focuses on secure and innovative payment processing solutions, including risk management and control measures. Lynck’s platform supports various payment methods for online and physical locations while ensuring secure transaction handling through advanced technologies and fraud prevention techniques.

The new service facilitates real-time transfers directly from users’ accounts with immediate confirmation, eliminating the need for third parties. It is connected via a simple API and offers low-cost transactions that are both European and GDPR compliant.

Mastercard’s Secure Payment Technology

M-mastercard has long invested in secure, high-performance payment technologies. The “Pay by Bank” feature through Mastercard Open Banking leverages this expertise for robust security standards. These include PCI-DSS compliance, PSD2 requirements, and two-factor authentication. Additionally, it benefits from banking networks across Europe, tested and certified services, and a brand that enhances conversion rates and customer satisfaction.

Through this collaboration, Lynck has become an official integration partner of Mastercard Open Banking in Germany. This partnership introduces new solutions to online merchants with high transaction volumes, SaaS and subscription models, digital service providers, and businesses targeting European customers.