Uncertainty
Consumer-permissioned data to maximize payment success and evaluate settlement risk
Inconvenient manual bank transfers
Mastercard Open Banking for top-up payments
With manual bank transfers, it's not always clear exactly when the funds will transfer, creating a feeling of uncertainty Payment transfers with redirects to external URLs can open the door to fraudsters
Open Banking Platform
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Security Issues
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Intro
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Impact
Top-up payments
Customers can make immediate deposits without ever leaving your service
Learn more
Bill payments
With a single API, offer more payment choice for you and your customer
Variable recurring payments
Enabling bill payment directly from almost any bank account
Customer onboarding
Ecommerce payments
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Pension funds
Investment accounts
USE Cases
Unlock the value of open banking data with top-up payments across multiple use cases:
Digital wallets
Pay my credit card and travel cards
Mastercard Open Banking for payments
Let's go
Mastercard Open Banking lets users easily and instantly fund one account from another, 'topping-up' their balance without leaving the platform or manually entering account details.
+26%
funding conversion rate from open account to funded account*
*Based on Mastercard Open Banking customer data
Topping up a payment account
Your customer has logged into Smart Store, but they need to top up their wallet to continue online shopping.
Click “top-up payment account”
In the Smart Store app
EMPOWERING EXPERIENCES
Within the Smart Store flow, your customer selects a top-up amount.
Choose €20 and click “confirm and continue”
Review the payment
Next, the customer gets a summary of their payment details.
Click “Continue” to consent
In the open banking flow
Choose a bank
The customer is provided with a list of all the banks available to connect an account with. If their preferred bank is not shown, they can search for it.
Click “Simulator Bank” to continue
Bank login
The customer is now redirected to their selected bank. They simply log in with the SCA method provided and they're ready to connect their account(s).
Enter login credentials
In the Simulator Bank app
Choose account
The customer can see an overview of their account balances and choose the account they want to top-up from and confirm a successful payment. They’re directed back to the Smart Store app and can continue online shopping with a topped-up account.
Choose “Current Account” and confirm payment
Success
The payment gets sent to Smart Store and the customer can exit the Open Banking flow.
Use cases
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Innovation
We provide our customers with real-time, enriched data for innovation solutions so that everyone has access to smart, simple and safe financial experiences
We have nearly 60 years of experience helping businesses like yours with security, risk and compliance.
We deliver more value and more impact for our customers every day — in every interaction and transaction – through our global open banking network and bespokeconsulting services.
