Beating payments fraud in 2020
Good news for businesses operating in Belgium. Our direct connection to Bancontact will allow merchants to accept BC payments at the point of sale, on mobile and online. This includes crucial functionalities such as automated refunds.
With 15 million in circulation, there are currently more Bancontact cards than there are Belgians! This makes it the market leader both online and at the point of sale.
Adyen has built an entirely new set of rails, which connects directly to the card schemes.
The direct connection with BC is an example of our unique approach to payments. Traditionally companies relied on old technologies, involving several intermediaries – which is neither efficient nor cost-effective.
Adyen on the other hand, built an entirely new set of rails, which connects directly to the card schemes. With this, merchants can achieve higher conversion rates with greater stability and more uptime. Additionally they will benefit from better market conditions and quality of service.
Further, companies operating internationally across multiple channels no longer need multiple contracts for multiple banks across different countries and channels. With Adyen it is possible to consolidate everything to one single contract and one set of reporting.
Deliver an optimized mobile shopping experience.
Adyen has been processing mobile payments for many years now, and is in a good position to help merchants operating in Belgium to deliver an optimized mobile shopping experience to both local and international shoppers.
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