One of the most transformative developments in recent years is the advent of open banking, which is significantly altering how businesses manage transactions and interact with financial institutions.
By leveraging the power of open banking, businesses can deliver substantial savings and operational efficiencies to themselves and their consumers.
James Yerkess (BB Merchant Services) and Fliss Berridge (Ordo), with decades of experience between them, delve into how businesses can unlock up to 80% of their savings by adopting open banking solutions.
This includes how to:
📌Reduce transaction fees
📌Streamline financial processes
And
📌2 detailed case studies
The article highlights the benefits for both businesses and consumers, with practical insights on enhancing payment acceptance and improving the customer experience.
By integrating open banking solutions, businesses can offer a seamless and secure payment experience, boosting customer satisfaction and reducing the need for customer support related to payment issues.
This optimisation lowers operational costs and frees up resources for other critical areas, driving overall growth and innovation.
The strategic use of data provided by open banking enables businesses to identify trends and opportunities for further cost reduction and efficiency improvements.
Read the full article below to explore how Open Banking is reshaping financial management.
BB Merchant Services and Ordo team up to explore the transformative world of Open Banking and Merchant Services
