MoneyDuct is a Payment Initiation Services Provider (PISP) that enables frictionless payments for retailers & consumers online and in-store avoiding the additional layers of authentication that will be placed on retailers due to the PSD2 directive. We provide an instant bank to bank mechanism whereby the money doesn’t pass through the PISP’s account which is both seamless and dynamic and delivers a much smoother payment experience to retailers and consumers.
PSD2 follows on from the original Payment Services Directive (PSD), which was adopted by the EU in 2007. This legislation established an EU single market for payments and was developed to encourage the creation of a more secure and innovative payments industry (PISP & AISP). The regulatory compliance mandates greater transparency around currency and exchange rates at the point of sale. Some of the benefits of PSD2 are:
Increased consumer rights in areas including complaints handling and more competition on the payments market, more choice breeds more consumer power.
Enhanced security through SCA (Strong Customer Authentication) criteria.
Enablement of third-party access to account information providing a framework for new payment and account services.
Greate User Experience leading to more engagement, customer satisfaction and decreased basket abantonment.
Instant bank-to-bank payment based on Open Banking standards working online and in-store.
Accessibility for SMB’s, MidMarket and Enterprises, giving them an opportunity to get ahead with their PSD2 strategy.
Seamless and dynamic consumer experience.
Once Merchants comply with legislation they will gain liability protection for fraudulent transactions.
Sebastian Lubkowski
Chief Executive Officer
Mariusz Lubkowski
Chief Technology Officer
David Cooper
Chief Revenue Officer
James Rees
Chief Information Security Officer
Andy Ramgobin
Managing Director
