European payment provider Worldline on Monday, September 27, introduced WL Account-Based Payments, an account-to-account (A2A) open banking payment program that allows online businesses to launch a personalized payment method.
WL account-based payment allows third parties to access consumer banking information and includes personalized branding, instant settlement notifications and more. Worldline’s solution is accessible through a single API and gives businesses access to 20 European countries and the UK
Worldline will add QR code payments with one-click refunds and setup of recurring payments at checkout to the WL account-based payment platform later this year. The initiative will be launched in Europe before expanding to Asia and Latin America.
“WL Account-Based Payments gives you more control over all aspects of the payment process. Personalized branding, instant settlement notification and reduced fees are just a few of the benefits of this open banking product, ”said Eline Blomme, Head of Product Management and Digital Commerce at Worldline, in the company announcement.
“We are currently developing the solution for some big names in the house and we are excited to see the momentum build around open banking and what it can offer our customers and the digital commerce ecosystem,” said she declared.
Related: Worldline and Bitcoin Switzerland to offer crypto payments in Switzerland
Last month, Worldline and crypto finance and technology pioneer Bitcoin Switzerland teamed up to open up cryptocurrencies as a means of payment for goods and services in Switzerland.
The integrated service, called WL Crypto Payments, was first announced in November 2019 and was followed by a pilot program led by both companies. The service will support the expansion of crypto adoption at point of sale (POS) and e-commerce gateways in Switzerland for Worldline’s network of more than 85,000 Swiss merchants.
Business owners can accept Bitcoin and Ethereum as a payment option, paid for through customers’ mobile crypto wallet app. Customers have the option to convert the price quoted by the trader from Swiss Franc to any of the virtual currencies and the trader will receive instant confirmation when the crypto payment is made.