{"id":545644,"date":"2023-04-19T12:30:23","date_gmt":"2023-04-19T11:30:23","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&p=545644"},"modified":"2023-04-19T12:30:23","modified_gmt":"2023-04-19T11:30:23","slug":"montonio-partners-with-episode-six-to-expand-open-banking-offering","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/montonio-partners-with-episode-six-to-expand-open-banking-offering\/","title":{"rendered":"Montonio partners with Episode Six to expand open banking offering"},"content":{"rendered":"

\"Episode<\/a>Montonio<\/a>,<\/u> an eCommerce checkout orchestration platform, has partnered with payments technology company Episode Six,<\/u> to bolster its open banking offering in the Nordics.<\/p>\n

Leveraging Episode Six\u2019s Tritium platform, Montonio looks to create a modern payments ecosystem that breaks the barriers of traditional card processing and acquiring. It will enable Montonio\u2019s merchant customers to reduce payment costs and payment times.<\/p>\n

Montonio, which holds a strong position in open banking in the Nordics, needed a PayTech partner to provide them with a digital ledger that ensures instant payment flow between buyer and merchant accounts.<\/p>\n

Episode Six<\/a>\u2019s platform, Tritium is equipped with over 550 APIs that help develop, customise, and launch tailored payment products and services. Episode Six will enable Montonio to effect chargebacks automatically and efficiently for any problematic transaction.<\/p>\n

As these payments are irrevocable, there is no chargeback risk for merchants and banks. Fraud becomes a non-issue as account-to-account payments rely on the banks\u2019 own security.<\/p>\n

Kristofer Turmen, co-founder and CTO<\/strong>\u00a0at Montonio <\/strong>said,\u00a0\u201cWe are constantly looking to provide our merchant customers with a more positive and innovative payments experience. By partnering with Episode Six and leveraging its flexible solution, we\u2019re now able to do just that. This partnership also means we can cater to larger merchants with higher transaction volumes.\u201d<\/p>\n

John Mitchell CEO and Co-Founder of Episode Six <\/strong>said, \u201cOur partnership employs open banking and the concept of a digital marketplace to create a modern payments ecosystem that breaks the barriers of traditional card processing and acquiring. The project particularly excites us because it aligns with Episode Six\u2019s vision of redefining possible payments. It is also a key milestone for Episode Six, as we are marking our expansion into the Nordics, a highly progressive region for payments.\u201d<\/p>\n","protected":false},"author":35737,"featured_media":529108,"parent":0,"template":"","categories":[11378,11384],"tags":[20448,20386,25805,22325,14387,11508,11515,35048,16460,11456,12867,22327,35049],"class_list":["post-545644","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-open-banking","category-payments","tag-card-acquiring","tag-card-processing","tag-ecommerce-payments","tag-episode-six","tag-estonia","tag-europe","tag-fintech","tag-montonio","tag-nordics","tag-open-banking","tag-payment-solutions","tag-tritium","tag-tritium-platform"],"acf":[],"yoast_head":"\nMontonio teams with Episode Six to expand open banking offering<\/title>\n<meta name=\"description\" content=\"Montonio, an eCommerce checkout orchestration platform, has partnered with Episode Six, to bolster its open banking offering in the Nordics\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/montonio-partners-with-episode-six-to-expand-open-banking-offering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Montonio partners with Episode Six to expand open banking offering\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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