Railsbank and Secure Trading Lead Transformation in Financial Services #M2020EU

Secure Trading to offer an unprecedented number of payment services to merchants through Railsbank’s innovative open banking and compliance platform

Award winning payments group, Secure Trading, has today announced its new partnership with Railsbank offering companies API access to global banking with 5 lines of code.   By alleviating the burden of integration and compliance with the existing legacy banking infrastructure, Railsbank has ushered in a new era in financial services, set to be further enhanced by Secure Trading.  By providing multiple ways for Railsbank’s customers to accept money, including cards and alternative payment methods, Secure Trading is helping to lead the transformation of the financial services industry.

Railsbank will incorporate Secure Trading’s payment services into its own open banking offering, bringing new merchants to Secure Trading to take payments in Europe initially; and then in the United States and South East Asia in the near future.  The integration would include consolidated reporting for Railsbank, bespoke pricing and a revenue sharing agreement.  Payment options provided would include a number of different cards, as well as alternative payment methods such as PayPal and e-wallets.

“We’re thrilled to offer our breadth of payment services to companies connected to Railsbank, allowing them to take payments in a number of different ways; many of which are at the cutting edge of technology” said Laurent Dhaeyer, managing director at Secure Trading.  “Payments is a critical part of the financial services ecosystem and we’re a strong believer that this should be as innovative and customer-focused as the developments in other parts of the industry.  Our latest partnership with Railsbank is a perfect example of how a visionary and collaborative attitude between companies who put the customer first, can achieve great things.  We look forward to supporting the exciting fintech and digital companies that Railsbank works with both now and in the future.”

“At Railsbank our vision for the future is that of innovation, flexibility and simplicity and Secure Trading is exactly the type of company we like to partner with to deliver this to customers,” said Nigel Verdon , CEO & Co-Founder at Railsbank. “We’re creating a new way for companies to engage with the legacy banking industry in a way that puts the customer experience first. It’s  the whole ecosystem that has to change though, and we’re delighted to have Secure Trading on board to deliver the payments portion of this.”