Press release -
Brite rolls out 'Single Sign' for A2A instant payments
Stockholm-based Brite Payments is delighted to confirm the launch of ‘Single Sign’, the innovative one-step solution for instant bank payments.
Based on the Open Banking framework, the Brite Payments solution facilitates account-to-account payments, without the need to input card or personal data.
The instant payments provider, which is revolutionising the industry, allows customers to pay straight from their bank account with only one authentication step, except for those cases where additional verification is required by the applicable regulation.
The launch is a significant development for the market, allowing instant bank payments to rival card payments in terms of consumer convenience. Representing the next generation of instant bank payments, the solution has been shown to help users pay up to 40% faster.
The instant payments provider, which is revolutionising the industry, allows customers to pay straight from their bank account with only one authentication step, except for those cases where additional verification is required by the applicable regulation.
The launch is a significant development for the market, allowing instant bank payments to rival card payments in terms of consumer convenience. Representing the next generation of instant bank payments, the solution has been shown to help users pay up to 40% faster.
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Brite Payments is a second generation FinTech based in Stockholm. The instant payments provider is leveraging Open Banking technology to process A2A payments in real-time between consumers and online merchants.
With Brite, no signup or credit card details are required as consumers authenticate themselves with top-of-mind details using their bank’s usual identification method. The company currently operates across 21 markets in Europe and is connected to more than 3,800 banks within the EU.
