Trustly Teams Up with Spreedly to Boost Pay by Bank Adoption Across the US

In a significant move within the financial technology sector, Trustly, a global leader in Pay by Bank solutions, has established a strategic partnership with Spreedly, a renowned Open Payments platform. This collaboration is set to optimize payment efficiency and boost conversion rates for merchants operating in both regional and global markets.

Enhancing Merchant Payment Solutions

The integration of Trustly’s Pay by Bank services into Spreedly’s Open Payments platform will provide merchants with improved payment flexibility and enhanced transaction intelligence. Key features of this collaboration include:

• Streamlined Transactions: The partnership aims to simplify the payment process, ensuring smoother transactions.
• Improved Authorization Success: By leveraging Trustly’s technology, merchants can expect higher success rates in payment authorizations.
• Data-Driven Insights: The integration will offer actionable insights to enhance decision-making in the payment ecosystem.

Trustly’s Innovative Pay by Bank Solutions

Trustly specializes in secure and efficient bank payments, eliminating the need for credit or debit cards. Key elements of Trustly’s service include:

• Proprietary Bank Connectors: These ensure secure and compliant transactions.
• Patented Risk Engine: This technology enhances authorization rates while minimizing operational risks.
• Global Reach: Trustly’s platform is designed to improve payment success rates for merchants worldwide.

Spreedly’s Role in Payment Orchestration

Spreedly functions as an Open Payments platform that provides businesses with a variety of payment services, including:

• Payment Gateways: Access to multiple gateways without requiring infrastructure changes.
• Fraud Prevention Tools: Comprehensive solutions to safeguard transactions.
• Tokenization Services: Enhanced security for customer payment data.

This collaboration means that businesses utilizing Spreedly can easily incorporate Trustly’s Pay by Bank capabilities into their existing setups, thus fostering a more efficient payment process.

Statements from Industry Leaders

Ross McFerrin, Vice President of Enterprise Growth at Trustly, emphasized the importance of this partnership, stating: “Our collaboration with Spreedly represents a significant step towards a unified payments experience becoming the industry standard.” He added that the integration facilitates a comprehensive solution for merchants, allowing them to offer optimal payment methods to their customers.

Rose Francois, Vice President of Global Partnerships and Business Development at Spreedly, expressed excitement about the partnership: “By partnering with Trustly, we are excited to extend these benefits by embedding Pay by Bank flows directly into our platform.” This collaboration aims to enhance payment flexibility and security, meeting the growing demand for efficient, data-driven payment solutions.

For more information about Trustly, visit their official site at trustly.com and learn more about Spreedly at spreedly.com.