Online businesses can now integrate ID & pay in their own environment
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ID & pay payment processes, can now be used by online service providers under their own name and within their own online infrastructure. The white label service enables businesses to seamlessly integrate user registration and payments administration, while ABN AMRO provides verification of this data.
ID & pay was developed by ABN AMRO to replace current client and payment processes with a single online ID and payment functionality within the secure bank environment.
VanEck Direct first client to use the open infrastructure
Asset management company VanEck Direct is the first ABN AMRO client to use the open infrastructure. VanEck Direct users can now open an account and make payments with ease.
“The integration with ID & pay has relieved VanEck Direct of all the pressure relating to client and payments administration,” saysLies Oudemans, Director of VanEck Direct.
Users’ money is managed securely and segregated through an advanced cash wallet system provided by ID & pay. This system ensures that payments are processed accurately, and guarantees the security of the funds under ABN AMRO Clearing Bank N.V.’s deposit guarantee system.
About ID & pay
More and more service providers ask their users to go through an onboarding process. As these processes can be lengthy and time-consuming, they sometimes form an obstacle to users. ID & pay allows them to set up an account in the bank’s secure environment once only, which they can then keep using for all payments made to affiliated service providers. The bank account link means that payments by iDEAL and direct debit can also be processed directly.