DIMOCO, SignD team up to launch banking-based payment method for online shops

Wednesday 31 March 2021 13:06 CET | News

Austria-based PSP DIMOCO and SignD, a provider of PSD2 technologies, have teamed up to launch a banking-based payment method for online shops.

Via the partnership, the companies have formed a Payments Initiation Service Provider (PISP), enabling online merchants to execute payment transactions with a customisable white label solution.

PSD2 allows regulated Payment Initiation Service Providers to initiate payments straight from customers’ bank accounts, enabling customers to make payments directly through the website they are currently using. Therefore, an Open Banking PISP can initiate and execute a payment transaction on behalf of an online merchant.

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Keywords: DIMOCO, SignD, Open Banking, payment methods, online payments, ecommerce
Categories: Payments & Commerce
Countries: Europe
This article is part of category

Payments & Commerce