Paytently has teamed up with Mastercard to introduce an enhanced Open Banking payment solution.

In light of this development, the Paytently Open Banking service now benefits from Mastercard Open Finance, providing a bank-to-bank payment alternative during transactions that enables customers to pay directly from their accounts. This also helps merchants boost conversion rates and enhance cash flow.

Through the integration of Mastercard’s Open Banking connectivity with Paytently’s orchestration layer, the new solution aims to simplify the entire payment process. It will offer secure bank authentication, payment initiation, and streamlined reconciliation in a unified workflow for better operational efficiency. Additionally, Paytently’s proprietary orchestration engine ensures that each transaction is routed over the most appropriate channel for immediate confirmation and faster settlement.

Key Details of the Paytently x Mastercard Partnership

This collaboration signifies a pivotal move towards delivering reliable, scalable, and secure payment solutions in sectors with stringent requirements. By merging Paytently’s expertise in orchestrating payments with Mastercard’s Open Banking technology, merchants can accelerate their financial transactions, minimize operational disruptions, and create a more secure and efficient customer experience.

The partnership also underscores the alignment between Mastercard’s extensive global reach and its Open Finance infrastructure, and Paytently’s nimbleness and knowledge in payment orchestration across different industries. Both companies are dedicated to bringing this optimized Open Banking solution to market with commitments to speed, dependability, and customer satisfaction.

Both organizations will continue their efforts to meet the evolving needs, preferences, and demands of their clients and users while ensuring full compliance with industry regulations and laws.