VOLT
We ’ re building the future of payments , and we ’ re building the world ’ s first global RTP network
TOM GREENWOOD FOUNDER & CEO VOLT in replicating the multi-card acquisition strategy that companies have implemented for many years .
“ Payments is increasingly a performanceoriented business . Saving a merchant 2 % on conversion performance makes a huge difference to their bottom line . We ’ ve always had an approach to orchestration , which card companies have been doing for many years .
“ We took the best learnings from the cards environment and thought carefully about not reinventing the wheel . How do we replicate and build on these 30 to 40 years of learnings in RTP ?
“ Doing so not only allows us to build a performance-oriented platform that delivers the best conversion and payment success outcomes for merchants ; it also gives us security and redundancy in everything we do .”
The age of network creation in financial services The advent of RTP payments , expedited as a result of open banking legislation , has given Volt a platform to deliver a network of globally integrated RTP providers . It is not the only beneficiary of open banking , as more ecosystems emerge across the sector in partnerships between banks , fintechs and insurers .
In an age of network creation and ecosystems in financial services , Greenwood says it ’ s important to treasure the synergies of working in partnership while understanding you ’ re “ in a competition on certain fronts ”.
He adds : “ What ’ s important for us is platformisation and problem-solving . You ’ re not going to solve all of the problems yourself . Any business needs to identify its area of expertise , ensure it ’ s doing that well , and leverage great partnerships .
“ This is key to building a global platform that solves problems . A business owner must always ask : What is the pain point we ’ re addressing ? Who are we helping ? Why is this important ? These are the key ingredients to building a successful business .”
For Volt , the problem it ’ s solving is clear , as it continues its mission of building a global network of RTP providers .
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