Paris-based Tink has teamed up with Score & Secure Payment (SSP) to enable open banking payments for its merchants across the eurozone.
SSP specialises in account-to-account payments as well as providing services on the entire payment chain. The partnership means it can use Tink’s technology to power its own Pay by Bank option and offer open banking payments to its merchants alongside traditional account-to-account options like direct debit and SEPA credit transfer.
According to the firms, a key benefit of the ‘Pay by Bank’ feature for merchants is the ability to offer a low-cost, and low-fraud payment method that complements their existing options.
SSP reportedly processes over €13 billion annually, online and in store, for customers such as SNCF, IKEA, Stellantis, Club Med, Metro Cash and Carry, and Corsica Ferries. Its merchants will be able to add Pay by Bank to their payment options in Europe in the coming weeks with the rollout already underway.
“Our partnership with Tink enables us to support our international expansion strategy and offer a consistent and high-performing payment experience across Europe,” said Eddy Combier, CEO of Score Secure & Payment.
Tom Pope, SVP of Payments and Platforms at Tink, added: “This partnership is yet another sign of the inroads Pay by Bank is making into European payments, spurred by merchant demand. We’re excited to roll this partnership out in more countries and accelerate the adoption of open banking-powered payments.”
