BR-DGE partners with Vyne to improve merchant and consumer payment experience
BR-DGE partners with Vyne to improve merchant and consumer payment experience
- Partnership between payment orchestration provider, BR-DGE, and account-to-account payments platform, Vyne, will secure greater choice for merchants, optimising the user experience and providing a higher level of security via biometric verification.
- Vyne’s Open Banking powered payments enable merchants to reduce transaction fees and improve conversions and cash flow.
- The collaboration reflects the strong recent growth of both companies - BR-DGE recently announced a merchant partnership with leading independent travel company, Travel Counsellors, and Vyne recently partnered with Pendragon to launch the first in-store Open Banking payments for the automotive sector.
EDINBURGH & LONDON, 27th September 2022: Rapidly growing payment orchestration provider BR-DGE has today announced a commercial and technological partnership with Vyne, the specialist account-to-account (A2A) payments platform.
This new partnership will provide greater choice for merchants who use the BR-DGE platform, optimising the merchant and consumer payment experience. BR-DGE merchants will benefit from Vyne’s Open Banking solution, which allows payments via bank transfer at a low cost for merchants. Each payment made through Vyne is also automatically Strong Customer Authentication (SCA) compliant, dramatically reducing the risk of fraud for customers and merchants while eliminating chargebacks, all without impacting conversion.
Through a single point of integration, BR-DGE’s merchants can access a world of payment providers, anti-fraud capabilities and alternative payment methods (APMs). Leveraging Vyne’s Open Banking powered payments solution, BR-DGE’s merchants will be able to reduce transaction fees and improve conversion rates and cash flow.
Vyne's full stack solution enables merchants to receive customer funds instantly and further offer the ability to process full and partial refunds in real-time, as well as pay-outs and batched settlement with full reconciliation. The Secure Customer Authentication (SCA) embedded payment process will help to improve merchant checkout conversions by offering a seamless user experience via different channels, including online checkouts, payment by SMS, chat or email, and QR codes.
The collaboration will stimulate growth for both businesses as BR-DGE and Vyne innovate to improve the merchant and consumer payment experience. It builds on BR-DGE recently announcing a merchant partnership with leading independent travel company, Travel Counsellors. Vyne's solution recently went live with a number of brands in the THG portfolio, including Myprotein, Glossybox, and Pop In A Box.
Commenting on the partnership, Tom Voaden, Strategic Partnership Lead at BR-DGE, said: “We are thrilled to be partnering with Vyne to enhance our payment offering to both merchants and their customers. At BR-DGE, we understand the immense benefits of Open Banking and are leveraging its power to provide a frictionless payment experience for all.
This latest partnership with Vyne further solidifies our Open Banking capabilities and ensures that our merchants continue to have access to the most convenient and secure payment solutions available. It also presents brilliant opportunities for both firms as we continue our journey of growth.”
Luke Flomo, Chief Revenue Officer at Vyne, added: “Merchants should be able to enhance their payments proposition easily, without strenuous development. BR-DGE enables merchants to seamlessly add payment methods through a single, simple integration. By adding Vyne’s Open-Banking-powered Pay with Bank to BR-DGE’s ecosystem, more merchants will be able to benefit from fairer fees, increased conversion and real-time cash flow. Our partnership with BR-DGE is an exciting move in our wider partnership's strategy.”
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