Rapay is an Open Banking Solution for many industries. For the payments industry merchants can receive their client funds instantly and not in days. Real Time Treasury and Cash Flow Management. Customers Pay by Bank Transfer, Sending Funds Directly From Their Bank Account. FAST SECURE NO CARDS NO DATA ENTRY Fast and Simple Customer Checkout with no card details to enter. Merchant Receives Money in Real Time. Lower Costs than traditional Point of Sale Terminal (POS). How does it Work: Customers pay by bank transfer, sending funds directly from their bank account to the merchant. By using RaPay, Merchants get the features of all the features expected of a modern payment method. RaPay spearheads a new generation of cash collection of customers funds using open banking and account 2 account payments. Rapay brings immediate cash flow, no need to wait for 24 hours or even 72 hrs for the cash to reach the merchants account. Working with regulated entities, RaPay brings you integrated solution that removes all traditional Point of Sale, inefficiencies, reduce costs, same time, money and resources. This is Digital Cash Collection (DCC). Trusted: RaPay provides a Service that is provided by fully licensed firms regulated by the Financial Conduct Authority (FCA) UK with ISO’s standards. Why use Rapay? Rapay is a pioneer and industry leader in Open Banking payments. Our API based payment method, provides a complete payment solution that addresses all of your needs, whether you be a PSP, merchant, or a payer. Our solution provides: Complete payment functionality Unlike other providers, we power the full set of payments, including refunds or outbound payments, recurring payments and instalment plans Comprehensive bank coverage Rapay’s PISP processor is a single connection to all major banks in the UK and a growing number of connections across Europe, supporting payments from your customers no matter where. A CMS Group Product. (custodialms.co.uk)