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December 17, 2019updated 11 Jan 2020 12:09pm

Worldline and CashSentinel join forces to increase payment solution offering

By Evie Rusman

European payments provider Worldline has joined forces with CashSentinel providing a solution tailored to meet Swiss and European online requirements.

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Through the partnership, Worldline and CashSentinel will offer a solution that fits the requirements of a variety of online marketplaces. These include traditional online marketplaces for physical products, franchise systems, self-checkout solutions and smart city apps.

Sylvain Bertolus, CashSentinel CEO, said: “The marketplace model is growing in Europe. Meanwhile the regulatory context around money and data flows is becoming more complex. In this environment, it makes sense for marketplaces to look for turn-key, all-in-one payment solutions.

“The solution we have developed with Worldline enables marketplaces to benefit from a proven, dependable and compliant payment solution from day one; allowing them to focus on developing their marketplace.

“We are delighted to work with Worldline on this service and this collaboration combines our respective strengths in one solution, which significantly  reduces time-to-market, while increasing product maturity at launch.”

More seamless payments

The new service offers payment methods including card, TWINT, iDEAL, Bancontact and Alipay, among others.

Post-transaction, the solution ensures the secure flow of funds and the correct distribution to the various parties involved. The solution also automates and simplifies payments between the marketplace and its merchants.

In addition, the offering is fully compliant with PSD2 regulations.

Roger Niederer, Worldline CMO, Merchant Services, said: “Worldline has been working with CashSentinel since 2017, when they participated in a Swiss Incubator and Accelerator program ran by SIX.

“Thanks to our relationship with CashSentinel we are able to expand our existing card-acceptance for marketplace with additional non-card-based payment solutions and also deliver integrated solutions to the growing numbers of marketplaces including an automated onboarding and reporting tool.”

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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