Fantastic Funds elevates Open Banking for UK enterprise funds 

Open Banking supplier, Fantastic Funds, is searching for to bolster enterprise funds within the UK with the launch of a easy, user-friendly point-of-sale cellular app for UK companies.

The One app takes full benefit of Fantastic’s slick, prompt financial institution funds, enabling retailers to course of limitless transactions.

The agency’s founder, Kieron James, commented: “Since 2016, Fantastic has enabled fundraisers and donors to lift hundreds of thousands of kilos for UK charities with no deductions in any respect. Now, companies and their prospects will prolong Fantastic’s attain and impression while having fun with the pace, simplicity, safety, and financial savings the One app delivers.

“We’re very excited concerning the app. It displays the expertise of a devoted group to deliver funds innovation to companies, considerably lowering processing charges at a time when all people may be very targeted on value saving.”

The preliminary launch permits companies to make use of Open Banking to just accept direct funds for services or invoice hours, and look at a dashboard with order, fee and buyer historical past. 

Tapping into QR codes, which on account of the tech may be proven to prospects for face-to-face transactions, while safe fee hyperlinks could also be shared by way of different channels together with SMS, e mail and WhatsApp for funds. 

It comes at a time when companies are honing on the person expertise and the client journey takes on an elevated significance for a lot of corporations – having a key impression on the retention of shoppers.