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The powers of Open Banking for refunds and pay-outs

The powers of Open Banking for refunds and pay-outs

The benefits of Open Banking as a payment (pay-in) mechanism have been well spoken about – it provides merchants with a fast, secure and cost-effective option to accept funds from customers. Less well spoken is the potential for Open Banking to power outgoing payments – whether that be simple refunds to customers (e.g. in eCommerce),…

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512 220 Mark McCabe