4 solutions for issuing and collecting payments
Do you want to maximize your conversion rate, accelerate the growth of your business or improve cash management? The topic of issuing and collecting payments must be central to the development of the strategy to be adopted.As regulations intensify and technological innovations accelerate, companies must demonstrate cast-iron responsiveness and flexibility to ensure their success. This observation also applies to payments.
Through a BaaS platform, embedded finance meets all these challenges and makes it possible to improve efficiency and flexibility. We focus on 4 payment and collection solutions that can be integrated as white label.
Solution 1: Card payment
Online stores, fintechs, B2B or B2C companies… There is an essential payment method for the vast majority of professionals: cards. According to the Banque de France, in the first half of 2024, cards remain the preferred cashless payment method of the French, accounting for 64% of the total number of transactions.
On the collection side, the flow acquisition solution developed by Treezor guarantees a quality user experience, ensuring that the company maximizes its conversion rate.
This scalable and flexible model, which follows the commercial development of the company’s activity, is not only limited to the acquisition of flows, but also to the issuance of payments. Indeed, thanks to a “One-stop shop” approach, CEOs or CFOs can easily create a card issuance program, whatever their objectives:
- payment card;
- mobility card;
- gift card;
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business card; etc.
And because each company has specific needs, card personalization can extend to choosing the type of card (physical or virtual) and the type of debit:
- prepaid card;
- debit card;
- credit card.
Solution 2: Standard and instant SEPA transfers
Treezor is directly connected to the SEPA, or “Single Euro Payments Area”, network. The solutions for sending and receiving transfers via the API extend to 36 different countries, including the 27 members of the European Union.
Are you looking for a seamless, easy-to-use and secure payment solution? The SEPA transfer has all these advantages. In addition, compared to card payments, this solution technically has no limit on the amount. It is therefore particularly interesting for the collection and payment of large sums, for example in the context of B2B relationships.
More specifically, the API allows you to integrate two types of SEPA transfers in a simple and centralized way:
- Standard transfer (SCT);
- Instant transfer (SCT Inst).
Typically, a standard transfer is received by the recipient 24 to 48 hours after it is issued. Instant transfer, as its name suggests, reduces this time to zero, or almost, with an interval between the issuance and the collection of the order of a few seconds.
With immediacy increasingly important for individual customers and in commercial relationships, it is quite logical to note that instant transfers are experiencing a real boom.
Whether instant or standard, SEPA transfers sent or received via Treezor’s software interface have in common that they allow a real-time update of each event.
Solution 3: Secure check payments
Contrary to popular belief, the check is not falling into disuse, especially among professionals. It remains a recurring payment method, notably for companies working in B2B, taken into account in Treezor’s Banking-as-a-Service solution.
The advantages of an API check cashing service are numerous:
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For your customers, the possibility of depositing checks without having to fill in slips or go to a bank branch;
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For your business, Treezor’s solution allows you to transparently incorporate check cashing into the customer experience. By relying on filters and scoring modules, each transaction is secure, allowing simplified check remittance without the need to fill in a slip or go to a branch.
Solution 4: the e-wallet
The electronic wallet, or e-wallet, is very popular with customers who want to pay for their online purchases without revealing their card number to the retail site. It can also be used to send or receive transfers. The user can fund it with their payment card or make transfers from their account.
There are different types of e-wallets. Some are available directly from a smartphone, such as Apple Pay or Google Pay, while other systems depend on banks or private companies.
The main advantage of an e-wallet is that it limits the circulation of payment data. Nevertheless, it is not accepted by all traders and requires you to remain vigilant. Under no circumstances should you disclose your username and password.
With Treezor, you can transform your traditional payment cards into digitized and secure cards in a mobile wallet compatible with Apple Pay, Google Pay, Samsung Pay, Swatch Pay, Garmin Pay, etc. Treezor allows you to simplify your users’ transactions while ensuring maximum protection of financial data.To digitize your cards in an X-Pay-compatible mobile wallet, Treezor provides you with two methods (In-house provisioning and In-app provisioning). Regardless of the solution chosen, Treezor ensures enhanced security, a smooth user experience, and centralized, seamless management.
How do I choose the right payment provider?
Are you looking for a trusted partner and want to make this relationship a long-term one in order to set up new payment and collection solutions? To make this choice, certain criteria should be taken into account.
Safety and efficacy: two important selection criteria
How do I select the best possible payment provider? Many business leaders and CFOs are faced with this high-stakes issue.
On the technical side, it is a question of ensuring the security of transactions. The partner must comply with applicable legislation, such as measures relating to strong authentication or the fight against money laundering and the financing of terrorism. This means constantly monitoring regulations and having the necessary technology to ensure that operations run smoothly.
On the commercial side, customer satisfaction and conversion rates are key issues, at a time when competition between the various economic players is increasing. In addition, the choice of a proven BaaS solution is an undeniable asset in a time-to-market acceleration strategy.
Treezor: a trusted partner for issuing and collecting payments
As an electronic money institution since 2016, Treezor supports many CEOs and CFOs in the adoption of white-label payment solutions.
The advantages? The possibility of integrating, thanks to an API, a comprehensive flow acquisition solution, with the generation of payment cards, the implementation of SEPA transfers or the cashing of checks.
Treezor’s offer strictly complies with applicable regulations, for example those on strong authentication or KYC procedures, and follows any changes, thanks to rigorous regulatory monitoring.
