The new solution is based on Payconiq International’s payment platform and aims to optimise payment flows to boost the user experience and facilitate merchant integration. In addition, Payconiq International will handle iDEAL payment traffic in the Netherlands, providing an API that will enable merchants, banks, and other service providers to connect to the new platform via a common access point.
iDEAL 2.0 aims to improve the purchase conversion ratio by providing a new UX design and features for value-added services provided by Payconiq International. Furthermore, the solution’s technical infrastructure aims to boost the way in which issuers, acquirers, payment service providers, merchants, and consumers connect to iDEAL. The upgrade is expected to go live at the start of 2022.
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