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Business and Product Insights
Banked's key product features revolve around their 'Pay by Bank' payment method. These features include: Real-time payments and instant settlements; enhanced security with biometric bank authentication and minimized fraud; cost reduction compared to card payments; customizable checkout experiences; instant refunds; payment links and QR codes for omnichannel payments; tools for incentivizing customer loyalty; comprehensive reporting and data insights; and a single API integration for all products. The platform is also SCA and PSD2 compliant, offering advanced encryption and intelligent fraud services to protect both merchants and customers.
Product Portfolio
Banked: Real-time Payment Solution
Banked Real-Time Payments
Banked Real-Time Payments
Banked Key Value Propositions
Banked offers businesses a payment solution with lower transaction fees, enhanced security, and instant settlements, creating customer loyalty through personalized incentives; Banked provides customers a faster and more secure payment method.
Banked Brand Positioning
Banked positions itself as a modern, secure, and cost-effective alternative to traditional payment methods like cards, focusing on real-time A2A payments and instant settlements for businesses and consumers.
Top Competitors
Adyen
Checkout.com
Trustly
Customer Sentiments
Customer sentiment is likely positive, driven by the promise of lower fees, enhanced security, and instant settlements; however, brand recognition may be limited due to its relative newness compared to established players.
Actionable Insights
Strengthen brand awareness in the US and Australia through targeted marketing campaigns emphasizing cost savings and enhanced security.
Products and Features
Banked's key product features revolve around their 'Pay by Bank' payment method. These features include: Real-time payments and instant settlements; enhanced security with biometric bank authentication and minimized fraud; cost reduction compared to card payments; customizable checkout experiences; instant refunds; payment links and QR codes for omnichannel payments; tools for incentivizing customer loyalty; comprehensive reporting and data insights; and a single API integration for all products. The platform is also SCA and PSD2 compliant, offering advanced encryption and intelligent fraud services to protect both merchants and customers.
Banked: Real-time Payment Solution - Product Description
Banked is a real-time payment solution designed for consumers, businesses, and banks. It facilitates instant payments, bypassing traditional card networks. The platform aims to provide a more efficient and cost-effective payment method. Banked focuses on providing secure and seamless transactions for various users.
Pros
- Offers real-time payment processing, which speeds up transactions
- Reduces reliance on traditional card networks, potentially lowering transaction fees
- Provides a secure and efficient payment method for consumers and businesses.
Cons
- Adoption rates might be slow as it requires changes in consumer and business behavior
- Integration with existing systems can be complex and costly
- Security concerns around real-time payments might hinder widespread adoption.
Alternatives
- Alternatives include traditional payment methods like credit cards and debit cards
- Other fintech companies also offer similar real-time payment solutions
- Existing banking infrastructure and established payment gateways pose competition.
Company Updates
Latest Events at Banked
Banked announces Lisa Scott as new CEO of Europe.
May 17, 2023 ... Banked, the fintech company building a next-gen global payment ... Lisa's appointment is a major step forward in achieving this goal.
View sourceBanked Ltd Announces $20 million Series A Funding Round Led by ...
Feb 14, 2022 ... This brings the total investment raised to date to over $30 million and the participation of new U.S. based investors supports the company's ...
View sourceBanked gains foothold on Australia's real-time payments market with ...
Oct 10, 2024 ... One business now at the front of the queue due to its existing relationship with Waave is Chemist Warehouse, which has big plans to activate a ...
View source2024 Press Releases | FDIC.gov
First Bank & Trust Co., Duncan, OK, Acquires Insured Deposits of The First National Bank of Lindsay, Lindsay, OK. Oct 17, 2024. FDIC Extends Compliance Date ...
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