Paris-based payment processor Score & Secure Payment (SSP) has chosen Tink as its pan-European Open Banking payments partner to power its new ‘Pay by Bank’ option in eurozone countries including France, Spain, Germany and Italy.
Through the partnership, SSP’s more than 14,000 merchants in Europe will be able to add Pay by Bank to their payment options in Europe in the coming weeks.
The rollout of Pay by Bank to SSP’s merchants is already underway.
Eddy Combier, chief executive officer of SSP, said: “Our partnership with Tink enables us to support our international expansion strategy and offer a consistent and high-performing payment experience across Europe.”
SSP processes more than €13 billion annually, online and in store, for customers including SNCF, IKEA, Stellantis, Club Med, Metro Cash and Carry, and Corsica Ferries.
Tom Pope, senior vice president of payments and platforms at Tink, added: “This agreement is yet another sign of the progress Pay by Bank is making into European payments, spurred by merchant demand.
“We’re excited to roll this partnership out in more countries and accelerate the adoption of Open Banking-powered payments.”
Open Banking platform Tink connects to more than 3,400 banks that reach in excess of 250 million bank customers across Europe and, in 2022, it became a wholly owned subsidiary of Visa.
In March this year, Tink embedded its ‘Income Check’ product into Italian lending fintech platform ConTe.it Prestiti’s offering, to provide instant income verification during the credit application process.
Tink’s Income Check product, which is powered by Open Banking, allows banks and lenders to instantly verify an individual’s income using real-time data directly from their bank account.