Verifone, a world leader in payment solutions, has teamed up with Fintecture, France's leading provider of account-to-account payment solutions, to expand its range of services. The aim of this strategic initiative is to offer Verifone customers a more efficient way of managing high-value transactions, and to streamline the credit transfer payment experience.
For more than 40 years, Verifone has been a true pillar of omnichannel commerce, managing more than 12 billion transactions and over 500 billion euros a year, with a solid presence with 60,000 Ecommerce customers in France. Verifone and Fintecture are stepping up their collaboration in a constantly evolving payment world, marked by the affirmation of instant transfers and Open Banking.
A strategic partnership to support the growth of Verifone customers
In just three years, Fintecture has established itself as a benchmark in the field of bank transfer payments, leveraging cutting-edge technologies to modernize and accelerate transactions. Crowned Fintech of the Year 2023 by AGEFI, the company has innovated by capitalizing on technological advances, particularly those stemming from open banking, to build smooth payment transactions. Its solutions offer real-time payment confirmation and reliable, fully automated reconciliation. Fintecture now operates in several European countries, serving 650,000 payers.
With recent regulatory changes designed to stimulate innovation in the European payments sector, Verifone felt it was crucial to embrace these new transfer methods, which are gradually becoming commonplace.
" Verifone is committed to forging strategic partnerships to offer its customers the latest innovations. The Fintecture solutions won us over with their solidity and comprehensive functionalities, enabling us to respond to our merchants' business issues, such as easy refund management and the fight against fraud " comments Guillaume Broutart, Managing Director of Verifone France and Benelux.
Additional leverage to improve basket conversion
In the current economic climate, marked by increased pressure on margins, conversion plays an essential role. Transfer via Fintecture is a growth driver, significantly boosting conversion rates for high-value transactions that are traditionally complex to manage by bankcard.
Fintecture reveals that 40% of transactions processed are the result of unsuccessful card payment attempts. For merchants adopting Fintecture payment, the benefits are tangible: a 20% increase in the average basket and simplification of internal procedures, thanks to real-time payment confirmation and 100% automated reconciliation.
With Verifone, merchants can now enhance their range of payment solutions by integrating the Fintecture credit transfer, a tailor-made solution adapted to each business sector and customer profile, whether BtoC or BtoB.
"Verifone is a key player in the payment industry. We are convinced that the complementary nature of our offerings will enable us to provide a broader response to our customers' needs, in all their purchasing contexts, whether on an ECommerce site, in-store or remotely", explains Reda CharaiChief Revenue Officer and co-founder of Fintecture.
