TrustPay, a European provider of acquiring services and online payments solutions, has reportedly introduced Single Euro Payments Area (Sepa) instant payments – Euro transactions processed within a few seconds, regardless of time and day of the week it may be.
The launch should offer TrustPay’s customers with the option to pay and accept payments from SEPA nations instantly, within seconds, 24/7, and funds should be available to recipients immediately.
David Rintel, CEO, TrustPay, said:
“Instant Payments now make up nearly 12% of all SEPA payments and we believe they are the future of EU payments. As of last week, all eligible inbound payments into IBANIZE accounts are processed instantly, at no extra cost. The next major challenge is to build a low cost, seamless e-commerce product utilising the instant payment rails.”
The continued growth of the digital commerce sector makes Instant Payments more relevant than ever.
The updated solution provides better choices and greater flexibility with a seamless/frictionless and real-time payments instrument.
Karin Milková, Commercial Director, TrustPay, remarked:
“Launch of SEPA Instant Payments is yet another great milestone for our company. With this latest offering, we continue our mission to drive efficiency and support the latest trends. Our clients will now be able to make instant transactions with the immediate settlement of funds, which makes business more effective in today’s fast world.”
Adding SEPA Instant is the first step toward providing more products related to real-time payments by TrustPay, the announcement noted.
As noted by the firm’s management, TrustPay “provides innovative payment services for online businesses with cross-border reach offering a variety of payment solutions” under one roof including:
- worldwide online card payment processing,
- alternative payment methods,
- modern accounts for online businesses (IBANIZE),
- innovative reconciliation tools and much more.
The firm creates “a customized strategy for every client based on the specifics of the business to ensure secure e-commerce payments and a seamless experience to fit all your business needs.”