Wholesale Payments
Wholesale payments refer to large-value transactions made between financial institutions, businesses, or governments. These payments often involve bulk transactions, interbank settlements, and corporate fund transfers. Unlike retail payments, wholesale payments require secure, high-speed processing through systems such as CHAPS, SWIFT, and EURO1/TARGET. Modulr provides businesses with fast and reliable wholesale payment solutions, enabling seamless settlements and improved liquidity management.
Applications
E-commerce:
Reduces fraud in online card payments by verifying the cardholder's identity
E-commerce:
Reduces fraud in online card payments by verifying the cardholder's identity
Advantages
- Enhanced security: Reduces unauthorised transactions by verifying that the genuine account holder is authorising the payment
- Enhanced security: Reduces unauthorised transactions by verifying that the genuine account holder is authorising the payment
Challenges
- User Experience: Additional authentication steps can cause friction and increase checkout abandonment
- User Experience: Additional authentication steps can cause friction and increase checkout abandonment
