Customers can make and receive payments in multiple ways including scanning QR codes, using messaging apps, paying online or via digital wallets. For most consumers the ability to pay using a Virtual Payment Address linked to the bank account offers greater convenience than carrying a traditional wallet with multiple credit and debit cards. Payments go straight from the customer’s bank account into the payee’s account and provide near
real-time notification to parties.
FSS is partnering with Payment Service Providers to harness new opportunities and deliver tailored products and service that tap into the Central platform’s capabilities. Ultimately, providing customer- focused payment propositions and deliver engaging transactional experiences that WOW customers is a valuable opportunity to build a positive brand experience. PAYMENTS
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