Nucleus365, a UK-headquartered payment institution providing a centralized platform for international payment processing, FX, and connected banking, has introduced Rapid Transfer payment options for its European merchants.
Rapid Transfer enables clients to pay merchants instantly using their online banking details, offering same-day settlements of funds.
Available to merchants internationally enabling them to access the European market efficiently, the solution provides an alternative to card payments. Allowing merchants that use Rapid Transfer to take advantage of increased conversions and eliminate the processing fees typically associated with card payments.
Nucleus365’s Rapid Transfer facility is supported by 95% of the banking institutions within the supported European nations.
Established in 2021, Nucleus365 provides a unified platform for payment processing, back-office treasury functions and reconciliation purposes covering banking and acquiring.
Covering banking and acquiring, Nucleus365 is reportedly integrated with an extensive range of banking providers and payment processors across the globe.
Scott Major, Chief Commercial Officer at Nucleus365, stated:
“Many of our merchants have been asking for faster payment options for quicker settlements and to reduce card related fraud. Rapid Transfer eliminates those issues, to provide instant, secure, and a more automated way of accepting payments. Merchants who utilise Nucleus365 infrastructure will receive a centralised experience being able to settle directly into their Nucleus365 IBANs alongside real-time reconciliations.”
As noted by its management, the firm has “identified a gap in the market where banking and payment processing are rarely aligned within the technology stack.” They obtained their FCA licence “with the specific intention of reducing friction and the need for a merchant to contract and seek out multiple providers for their various different requirements.”
A simple integration to Nucleus365 will “allow merchants to see their multi currency banking activity, instruct payments to suppliers and partners whilst receiving granular reconciliation reporting and data on the payment processing side.”
Nucleus365 has been “designed to provide merchants with a full 360 view of their entire business, serving your needs through one unified experience.”