Embedded Payments solutions
Driving your digital transformation. Offering more ways for you to make and receive payments.
Our Embedded Payments solutions are provided by Lloyds Bank
What are Embedded Payments?
We can now embed our innovative payment services into your customer journeys and business processes, providing secure solutions that are faster and simpler to use.
These API-powered solutions:
- Offer your clients simpler and faster ways to pay
- Provide you with more efficient and effective ways to make and take payments
- Deliver clarity and control over transactions to improve reconciliation
- Potentially lower payment costs
Our Embedded Payments solutions
Providing your customers with quick and simple payment options
Our Embedded Information Services solutions
The information you need, when you need it.
Embedded payments - Frequently asked questions
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Put simply, embedded payments allow businesses to integrate the payment process into their own platform, eliminating the need for their customers to embark on a complicated user journey that requires them to navigate to a separate payment gateway.
As a result, payment becomes part of the native customer journey, taking on a sense of invisibility within the platform that enables a smooth and streamlined experience.
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The engine of embedded payments is Application Programming Interface (or ‘API’) technology. In 2018 the implementation of Open Banking legislation, which enables banks and other financial institutions to securely share data with third parties, paved the way for the adoption of API technology to allow non-financial institutions to embed payment processes into their own platforms.
APIs allow the customer’s financial information to flow between the platform and the relevant banks to make the payment process easy, fast, and frictionless.
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For cost information and to answer any questions about API please complete the Enquiry form with your details and our payment specialist will be in touch to answer all your questions.
Costs will be determined on a case-by-case basis allowing for our solutions to be tailored to each client’s individual needs.
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At a high level, your developer contacts must be able to:
- Setup security certificates.
- Generate code to integrate APIs to your own systems.
- Troubleshoot network connectivity issues.
Further details will be provided in technical guides for each product and our technical teams will be available to support your implementation.