DIMOCO and SignD launch unique instant banking-based payment method for online shops

Vienna, 30. March 2021 – Secure payments via instant banking. Payment Service Provider (PSP) DIMOCO and SignD today announce an unparalleled payment solution as a joint Payments Initiation Service Provider (PISP), enabling online merchants to execute payment transactions with a fully customizable white label solution.

Practically everyone in the EU has a bank account, therefore, a bank transfer is one of the most common payment methods available and outscores credit card penetration by far. An Open Banking PISP initiates and executes an instant payment transaction on behalf of an online merchant at an unparallel convenience and safety level for both online retailers and customers alike.
PSD2 allows regulated third-party Payment Service Initiation Providers to initiate payments directly from customers’ bank accounts, enabling customers to make instant payments directly through the website they are currently using.

Safe and seamless
The UX is unparalleled, shoppers can not only pay instantly via their bank account without leaving the online shops’ website, the online merchant can also individually brand the payment option.

“A consistent user flow unlocks higher conversions and more revenue, online shops cannot grow profitably and stand out from the competition if the entire purchasing process is not optimized for conversion,” says David Müller-Ratajczak, Head of Sales & Marketing at DIMOCO Payment Services.

“Low costs and fraud risks, no chargebacks and an instant settlement process is a turnkey solution, all made possible by the integration of a simple SDK into mobile apps or an adaptable widget for websites,” says Bernhard Reiterer, Founder & CEO of SignD, adding” merchant fees are considerably lower since fewer parties are involved and therefore I am confident that our solution stands the test of time.”

The bank independent solution connects to 90 percent of banks in D-A-CH, 80 percent of banks in the EU through more than 8000 bank APIs.

DIMOCO Payment Services

DIMOCO Payment Services, located in Vienna, Austria, is a PSD2 compliant payment institution regulated by the Austrian Financial Market Authority. As licensed acquirer and payment service provider, we process credit card payments and a variety of over 100 alternative payment methods.

SignD

SignD combines best-of-PSD2 technologies into a seamless service with a consistent user interface.
Our design is neutral and can be adapted to any corporate design. Regardless of the variety of underlying components, the user flow will always be a consistent journey for your customers.

More information

Website:    dimoco.eu/paymentservices/banking-based-payment-method 

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Press contact

Charlotte Newby
Head of Corporate Communications
DIMOCO Corporate Headquarters

Tel. +43 1 33 66 88-2059
Email: c.newby@dimoco.eu
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