Gala Technology’s SOTpay ‘Pay-by-link’ solution simplifies PCI DSS requirements and protects merchants against the ever-growing risk of fraud by ensuring that the transactions are authenticated, shifting liability and often lowering acquiring processing costs. SOTpay’s integration with Nuapay’s Open Banking platform now enables them to process non-card payments.
Nuapay’s PISP processor has a single connection to all major banks in the UK and a growing number of connections across Europe.
“The capabilities of Open Banking have become more apparent in 2020 as merchants have been forced to explore alternative contactless, mobile and eco-friendly payment methods that can be accessed quickly and are lower in processing costs,” said Nick Raper, Head of UK at Nuapay.
“Nuapay’s presence within the UK and Europe will greatly help us reach new clients and will extend our service offerings to existing clients,” added Steven Jones, Commercial Director at Gala Technology. way.”