Welcome back to a new fresh Open Banking Episode where we take a deep dive into Open Banking from a German perspective.
In this episode, we get insight into how Germany's payment solutions have been providing open banking solutions for customers long before PSD2 came into effect. From Sofort to new solutions like Blue Code, we hear from the company's COO - Georg Schardt. Why the German Market could be more complicated than others but is still so far ahead? Tune in and find out!
Bluecode is a pan-European mobile payment solution for banks and retailers that allows fast, secure, and anonymous payments using mobile devices. With every purchase, Bluecode generates a single-use TAN that is valid for four minutes and displays it on the smartphone screen, triggering an anonymous payment directly from the customer's debit account. The TAN is shown on the smartphone screen both as a blue barcode and numerical code, and works independent of specific transmission technologies: at the register, Bluecode will be scanned, at vending machines, it will be transmitted via Bluetooth, or QR Code when making online purchases. Additionally, Bluecode can be integrated with retailer loyalty rewards programs, facilitating a one-scan payment & loyalty process at the register.
To find out more: visit http://www.bluecode.com