Through a partnership with Mastercard, Lynck has introduced Open Banking payments Pay by Bank solutions.

The goal of this collaboration is to provide secure and straightforward account-to-account (A2A) online payments. Customers can opt for ‘Pay by Bank’ at checkout, select their preferred bank, and complete the transaction by logging in via their online banking service. Merchants receive immediate confirmation upon successful payment.

Secure Payment Solutions from Lynck

Lynck Solution GmbH is a German payment service provider that helps businesses accept payments both online and at point-of-sale (POS). The company specializes in secure and innovative payment processing solutions, including risk management and control. It offers platforms for handling various payment methods, whether online or offline, ensuring secure transactions with advanced technologies and fraud prevention measures.

The new Pay by Bank solution allows users to make real-time payments directly from their accounts with instant confirmation, eliminating the need for third-party intermediaries. This service is also European and GDPR compliant, offering a simple API connection and low-cost transactions.

Mastercard, as a globally recognized brand, has invested in secure and high-performance payment technologies over the years. The introduction of “Pay by Bank” through Mastercard Open Banking enhances security standards with features such as PCI-DSS, PSD2, and two-factor authentication. This also benefits from banking networks across Europe, certified services, and a brand that supports conversion rates and customer satisfaction.

This collaboration positions Lynck as an official integration partner of Mastercard Open Banking in Germany, catering to online merchants with high transaction volumes, SaaS models, digital service providers, and businesses focused on European customers.