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