MONTRÉAL--(BUSINESS WIRE)--VoPay, a leader in payment technology innovation, announced today their partnership with Flinks, a data company that empowers businesses to provide better financial services, to deliver a tangible customer focused open banking payment solution.
VoPay’s payment technology brings online bank account payments into the twenty-first century by eliminating all inefficiencies of current bank account payments. By utilizing open banking technology, VoPay and Flinks add a layer of data intelligence to online bank account payments to authenticate them instantly like a credit card, but with significantly lower transaction fees.
Payment processing pain points are eating away at potential savings and impacting bottom lines for businesses and 80% of small businesses are demanding more payment options according to Payments Canada. VoPay’s payment technology offers a set of tools and APIs that instantly enable online businesses to accept and manage payments directly from any bank account. By validating and authenticating the bank account information and financial data instantly at the time of the transaction, VoPay enables consumers to pay for goods and services online and on-the-go directly from their bank account just like credit cards.
“Through this partnership we are aiming to solve key payment pain points for both businesses and consumers,” stated Hamed Arbabi, Chief Executive Officer at VoPay. “We are excited to expand the utilization of open banking technology and data intelligence.”
“Financial data connectivity is transforming the way payments are made and paving the way for the future of finance. We’re delighted to enable VoPay with the tools they need to provide faster payments to consumers and businesses alike,” stated Yves-Gabriel Leboeuf, Flinks’ Chief Executive Officer.
VoPay’s open banking payments solution is now available and businesses can learn more at vopay.com.
About VoPay International Inc.
VoPay is a leader in payment innovation, digitizing online bank account payments with speed and transparency. Our API connects digital enterprises to banking systems, enabling them to facilitate direct bank account payments just like credit cards - but better. At VoPay, we have one goal: to eliminate all payment inefficiencies, so businesses can focus on what they do best in today’s digital economy. Discover the art of seamless and secure bank payments at vopay.com
Flinks is a data company that provides a gateway to the leading Canadian Financial Institutions – covering over 98% of all accounts. Flinks is behind the most innovative financial services in the country, in virtually all segments of finance flinks.io.