EML’s Authenticated Mandates Wins MPE Award for Open Banking Payment Innovation
Nuapay (EML Payments Limited’s (ASX: EML) Open Banking business) has been recognised for its exceptional Authenticated Mandates solution at the Merchant Payment Ecosystem Awards in Berlin, Germany, where it was awarded the coveted Best Use of Open Banking for Payments accolade.
MPE’s Best Use of Open Banking award recognises innovative payment solutions, enhancing customer experience through secure transactions between end-users and merchants. Independent experts evaluated the nominees’ criteria, highlighting Nuapay’s fintech leadership.
Nuapay’s Authenticated Mandates, introduced last year, revolutionised the payment landscape by capturing e-mandates and authenticating customers through Open Banking technology. It simplifies recurring payments for businesses while improving security and reducing fraud when collecting via direct debit.
Nuapay’s CEO, Brian Hanrahan, was thrilled with the award and said,“We have already taken some early steps to improve operating focus, elevate a culture of regulatory compliance to support sustainable growth and in optimising balance sheet strength.”
About EML Payments and Nuapay
Wherever money is in motion, EML Payments helps businesses create awesome payments experiences for their customers. Our technology powers the payments process, moving money quickly, conveniently and securely while our programme management expertise creates superior configurable, feature-rich payments solutions.
Nuapay is EML Payments’ market-leading Open Banking business. Direct Debit, Credit Transfers and Instant Payment products are also available through one single ‘bank-grade’ platform, easily accessible through industry-leading APIs. Businesses and their customers benefit from the immediacy of Open Banking and account-2-account payments and can save time, money and resources at every turn. This is payments as it should be.
Marie O’Riordan, Global Director of Public Relations
+353 87 39 333 71