PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Token Issues ‘Access Any Bank’ Declaration for PSD2 Data and Payments

PaymentsJournal by PaymentsJournal
December 5, 2017
in Press Releases
0
token logo

token logo

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
merchants & TPPs enjoy easy integration via universal API

Turnkey open banking platform provider, Token, has pledged to connect banks, merchants and other third-party providers (TPPs) to any bank in the EU for PSD2 payment orders and account information requests.

Marten Nelson, Co-Founder and VP of Marketing, Token comments: “The goal of PSD2 is  to boost competition by letting customers choose who can access their data – this can not be achieved while everyone must contend with multiple bank-specific APIs. Developers can not write to more than one or two APIs, and TPPs can not resource the technical heavy lifting needed to integrate with them all. Token solves this problem by providing direct access to any bank in the EU. Right now, we’re connecting banks-to-banks, merchants-to-banks and TPPs-to-banks faster and with less friction than anyone else on the market, via our single, secure interface. Token is the only provider that can do this.”

“PSD2’s frontrunners are establishing how they can capitalise on the future abundance of bank-data, either to create new services, or support those developed by TPPs,” adds Nelson. “This whole approach relies on them being able to connect to their customers’ banks in the first place. In 2018, the market will develop fast, so the ability to connect to any EU bank quickly and securely has to be a priority for everyone in the industry.”

Token’s developer-centric approach has already attracted hundreds of developers and TPPs, who are now creating apps and services that run on TokenOS. Some examples are e-commerce checkout, in-purchase lending, PFM apps, multi-bank account aggregation and sweeping of funds and many more.

Camilla Sunner, Managing Director at payments solutions provider, Valitor, added: “The payments landscape is moving quicker than ever before. Token is an invaluable partner to help others take advantage of that change. As a result of Valitor’s partnership with Token, Valitor can now focus on delivering the next generation of payments.  We focus on building value added services, and after a simple integration they enable back-end bank-to-bank access. Together we help drive the market into the world of open banking.”

Banks, merchants and developers interested in accessing any bank should register at https://token.io/allbanks.

About Token

Token is a technology company with headquarters in San Francisco and offices in London. Token’s open banking platform helps banks achieve PSD2 compliance quickly and cost-effectively, and generate new revenue streams.  It also allows banks and other players in the payments ecosystem, such as merchants and payment processors, to build bank direct payment methods and data aggregation solutions for their customers. Further, the platform raises security and reduces fraud and disintermediation. Unlike in-house developed solutions, Token supports the same API across all banks.

Token’s team combines years of highly successful execution and innovation in the technology, banking and security sectors. The Token team comes from top companies like Google, Apple, Microsoft, Barclays, ACI Worldwide, HSBC, Twitter, and Square. Token’s CEO and Founder, Steve Kirsch, has invented several groundbreaking Internet technologies and has had multiple billion dollar exits.

Token is a recognised industry leader named in the Financial Times Future of Fintech Awards shortlist 2017 as one of the top ten companies to watch globally. CB Insights named Token in their global annual ‘The Fintech 250’ ranking and in 2016 Token was the winner of PlugAndPlay’s 2016 Fintech EXPO, which was contested by more than 1000 applicants from around the world.

For further information, please consult: www.token.io or follow us on Twitter: @token_io

About Valitor

Valitor (www.valitor.com) is an international payment solutions company who helps partners, merchants and consumers to make and receive payments. Leveraging thirty four years’ experience, it provides issuing, acquiring and gateway services to partners and merchants across Europe. Valitor improves cash flows through next day settlements, increases financial control through real time reporting and analytics, as well as reduces risk of fraud.  Valitor is head-quartered in Iceland with a strong presence in London, UK and Copenhagen, Denmark. It operates with an EMI license under the FCA as well as a full cross-border EEA credit license in Iceland.

Tags: PSD2Token
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    eCommerce On Social Media, social commerce

    The Rise of Social Commerce and Social Payments

    February 3, 2023
    Electroneum AnyTask; ETN Crypto, sales enablement

    Ethical Financial Selling: The Role of Compliance Technology and Sales Enablement

    February 2, 2023
    direct deposit

    Nacha Launches Campaign to Reach Millennials on the Benefits of Direct Deposit

    February 1, 2023
    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    January 31, 2023
    credit card tumbling

    How to Detect, and Prevent, Credit Card Tumbling

    January 30, 2023
    Why Businesses Need to Adopt Real-Time Payments as a Competitive Differentiator

    Why Businesses Need to Adopt Real-Time Payments as a Competitive Differentiator

    January 27, 2023
    faster payments

    Faster Payments Are Set to Revolutionize Modern Digital Payments

    January 26, 2023
    How AI can Help Manage Payments Risk in 2023

    How AI can Help Manage Payments Risk in 2023

    January 25, 2023

    • Advertise With Us
    • About Us
    • Terms of Use
    • Privacy Policy
    • Subscribe
    ADVERTISEMENT
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • News
    • Resources

    © 2022 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result

      Register to download the Equinix report - Dojo Delivers Fast, Reliable and Secure Card Payments to Businesses on Platform Equinix