BR-DGE , a merchants payments provider that aims to offer a simple and affordable “payment orchestration platform,” has announced a partnership with Vyne.
Vyne uses Open Banking to enable account-to-account payments for online businesses.
In a company statement, BR-DGE explained that the partnership with Vyne will provide greater choice for merchants who use the BR-DGE platform. BR-DGE merchants will benefit from Vyne’s Open Banking solution, which allows payments via bank transfer at a low cost. Each payment made through Vyne is automatically “Strong Customer Authentication” (SCA) compliant, thus reducing risk of fraud and chargebacks.
By leveraging Vyne’s Open Banking powered payments solution, BR-DGE’s merchants are said to be able to reduce transaction fees and improve conversion rates and cash flow.
Tom Voaden, Strategic Partnership Lead at BR-DGE, said they are pleased to be partnering with Vyne to enhance their payment offering to both merchants and their customers.
“At BR-DGE, we understand the immense benefits of Open Banking and are leveraging its power to provide a frictionless payment experience for all. This latest partnership with Vyne further solidifies our Open Banking capabilities and ensures that our merchants continue to have access to the most convenient and secure payment solutions available. It also presents brilliant opportunities for both firms as we continue our journey of growth.”
Luke Flomo, Chief Revenue Officer at Vyne, explained that by adding Vyne’s Open-Banking-powered Pay with Bank to BR-DGE’s ecosystem, more merchants will be able to benefit fairer and improved conversions.