Prommt

“The future of payments isn’t about one solution replacing another; it’s about giving merchants and payers the flexibility to choose the best option for their needs,” writes Donal McGuinness, CEO at Prommt. As payment technology evolves, so does the way we use cards. Mobile and contactless payments are becoming the norm, and wearable tech – like Apple Watches, fitness trackers, rings and keychains – makes paying with just a tap even more convenient. Payment innovation isn’t about replacing card payments, but enhancing them. In his latest op-ed for European Business Magazine, Donal discusses why #card payments remain relevant, even as consumers and businesses embrace new payment options like #openbanking. 🔗 https://lnkd.in/exqwdhT2 #sendaprommt #paybycard #paybybank #paymentorchestration

“Deliver a great experience, and customers will buy more, stay loyal, and spread the word. But what defines a great experience? Convenience, choice, and consistency,” writes Adam Ball, CCO at Prommt, in his latest op-ed for Irish Tech News. Offering choice is important, but too many options - like a checkout packed with 20 payment methods - can lead to confusion and cart abandonment. Instead, businesses should focus on a few secure, convenient digital payment options that seamlessly integrate into their omnichannel strategy. Businesses with a strong omnichannel approach can see up to an 89% boost in customer retention. In his article, Adam shares three actionable methods for implementing effective omnichannel payments. 🔗 https://lnkd.in/e6-NwqrS #sendaprommt #omnichannel #payments #paybybank #paybycard

What a great day/evening/night we had attending #HOSPACE 2024 at the Royal Lancaster in London yesterday. Represented by Donal McGuinness, Ian Murray and Lorraine Fahy, it was great to have the opportunity to meet and catch up with so many of our hotel clients and partners in person and great fun was had! Huge thanks as always to Jane Pendlebury and all of the amazing team at for another great event. Looking forward to next year!

77% of customers say they’d abandon their cart if their preferred payment method isn’t available, according to a recent report by PYMNTS. In today’s digital world, a fast, frictionless and personalised experience isn’t just nice to have - it’s essential. The checkout process is more than a transaction; it’s the final brand touchpoint where impressions are made and loyalty is won. When brands cater to customer preferences, they’re not just selling - they’re building a meaningful connection. Every step of the shopping journey shapes how customers feel, and that positive feeling is what brings them back. With the holiday season around the corner, Donal McGuinness, CEO at Prommt, shares four key strategies for a seamless, personalised checkout that boosts sales and brand loyalty, in his latest op-ed for Retailist. Don’t let cart abandonment be a missed opportunity - make each payment journey count! 🔗 https://lnkd.in/epv-KfRw #sendaprommt #payments #paybycard #paybybank

This week, Prommt had the pleasure of being one of five Irish companies selected by Enterprise Ireland France to showcase and present our solutions to an audience of French hoteliers in the beautiful and prestige surrounds of Hôtel de Breuteuil, which is home to the Irish Embassy in Paris. Our CEO Donal McGuinness also had the opportunity to attend EquipHotel Paris, France's leading trade show for the hospitality sector, enabling Prommt to build connections with key players in the industry. Our sincere thanks to Alanna Clarke and all the team in Paris for providing us with this fantastic opportunity and for organising and supporting us every step of the way. Shout out also to the other Irish companies who joined us - GuestDiary.com by AccuBook, Castlebrook, Flair Showers Limited, Mullan Lighting. #hospitality #payments #sendaprommt

Prommt is proud to support our partners Token.io, with Open Banking Expo, in the launch of their annual industry survey report on Variable Recurring Payments (VRP) and the future of payments. This report tackles pressing questions and issues surrounding Commercial VRP (CVRP), including: 💸 Alignment of compensation expectations between industry stakeholders ⌛ Bank adoption timelines and regulatory needs 🔒 Consumer protection requirements 🚀 Minimum bank support for merchant adoption With additional insights and commentary by leaders from Open Banking Ltd., the Payment Systems Regulator, Santander, Natwest, Pay.UK, the Open Finance Association, Ecommpay, and Adam Ball, CCO with Prommt, who commented that "the survey report rightly points out that user experience will be the single most important factor in driving end-user adoption". To read more and discover key insights on use cases, banks' views on SPAA, pricing models, download your copy here: https://lnkd.in/e_YiVNQr #OpenBanking #VRP #CVRP #Payments

🏆 We’re on a winning streak! 🎉 🎊 Huge congratulations to Team Prommt for taking home the "Innovative Banking Product Award" at the FS Awards!🚀 A special shoutout to our fellow finalists, Revolut and An Post Money - competing against such esteemed brands makes this achievement even more meaningful for us! This recognition follows our recent win for "Best Open Banking Payments Project" at the Open Banking Expo in London last week. It’s a fantastic testament to our team's dedication and commitment to driving innovation and excellence in payments. We attribute Pay by Bank’s success to our smart payment orchestration controls, which empower merchants to automatically present the most suitable payment method - whether bank or card - based on transaction value, type, or location. This dynamic approach boosts adoption, lowers costs for high-value transactions, and delivers a seamless payment journey. Optimising the payment options offered to customers is essential to driving both adoption and success in #openbanking payments. With Pay by Bank, our clients enjoy a payment success rate of over 93%, and effectively mitigate risks such as card fraud, data breaches, and chargebacks. Some of our clients have reduced card fees by up to 88%. We’re thrilled to keep pushing the boundaries of innovation alongside Token.io, our licensed partner for Pay by Bank. Want to dive deeper? Check out our latest client insights report on Pay by Bank: https://lnkd.in/dNG6xPEj Book a demo today: https://lnkd.in/e5w9XCWg #FSAwards24 #sendaprommt #paybybank #paybycard #paymentorchestration KPMG Ireland

At Prommt, we ensure that all payment communications are clear and context-driven, reducing the risk of customers making unintended purchases. How do we achieve this? By focusing on strong branding. Each payment link is branded and sent from the merchant’s domain, so customers know it’s legitimate. These links direct payers to the merchant’s website - something many platforms overlook. Plus, receipts come straight from the merchant, further building trust. With the new PSR regulations, we’ve taken this up a notch - especially given that Prommt handles a lot of high-value transactions. Now, at checkout, customers see not only the merchant's name but also the specific staff member who sent the payment link. For example, if a customer worked with Cillian at a car dealership, his name will appear during checkout, adding a personal touch and enhancing trust in the payment process. We also provide key transaction details like payment initiation time, so customers can cross-check with their own records. Every detail shared by the merchant is displayed, ensuring payers have a chance to review everything before confirming payment. While it’s impossible to eliminate fraud completely, Prommt has made payments more secure and transparent. We equip customers with the cues they need to spot inconsistencies and decline any suspicious payments. APP Fraud Prevention at Checkout 🚀 Allows the Customer to view detailed information about their payments. 🚀 Reduces the risk of the Customer falling victim to scams. 🚀 Decreases the likelihood of Prommt Merchants being held liable for fraud. Check out our latest Q&A with Stephen Culligan, CPO at Prommt, where we discuss common types of APP fraud, how to recognise them, and how Prommt helps protect merchants. 🔗 https://lnkd.in/e5qfqVjn #sendaprommt #APPfraud #paybybank #openbanking

💡Thought Leadership Series: Stephen Culligan, CPO at Prommt Reducing APP Fraud Risk: How Prommt Protects Businesses Amid PSR’s Latest Reimbursement Rules Starting from 7 October 2024, UK businesses are required to reimburse victims of Authorised Push Payment (APP) fraud for losses of up to £85,000. This follows new regulations from the Payment Systems Regulator (PSR), introduced in response to the rising tide of APP fraud, which cost UK residents £433 million in 2023. We sat down with Stephen to explore the most common types of APP fraud, how to spot them, and how Prommt supports its merchants in staying protected. 🔗 https://lnkd.in/e5qfqVjn #sendaprommt #APPfraud #openbanking #paybybank

That’s a wrap on this year’s Open Banking Expo! It’s been an incredible couple of days filled with insightful discussions, exciting innovations, and the opportunity to reconnect with industry leaders and partners shaping the future of open banking and fintech. The icing on the cake? Winning Best Open Banking Payments Project at the #OBExpoAwards2024! 🏆 🎉 "Its model gives real payment choice to merchants and their customers, with new methods like Pay by Bank co-existing alongside more conventional methods, like cards. Prommt has seen particular traction with Open Banking in sectors with high-value transactions, and was able to demonstrate real savings for merchants." - Judging Panel, Open Banking Expo Awards 2024 🎥 Watch our Vox pop here: https://lnkd.in/ethmzRmE A huge thanks to all the organisers, speakers and attendees for an amazing event. Already looking forward to next year! 🚀 #sendaprommt #OBExpo #paybybank