Written by – Jake B
Summer is just around the corner and we have been busy working hard behind the scenes to get ready for the launch of our new payment solution. And, as we move closer to going live, we wanted to give you the lowdown on how Mode is changing the payments industry as we know it. For you, and for your favourite merchants.
To kick things off, we’re starting with how our in-app payment system works, which you can see in our demo video below 👇
With Mode partnered merchants you’ll be able to checkout quicker, easier and safer than ever before. It all starts with you choosing the product you want to buy. Once you’re ready to checkout you’ll see a Mode button to start your payment. Click on the magical Mode button and you will instantly be transferred to our app to confirm the purchase, that’s where the quick part comes into play.
Once you’re in our app we’ll ask you to confirm the payment by clicking ‘pay £xx.xx’, then we’ll ask for biometric confirmation. This is either a face or Touch ID depending on what kind of phone you have, meaning you’re the only one who can confirm the payment. That’s where the heightened security comes in, which also means it’s harder for fraud to happen to Mode users. However, don’t worry if you’ve been clumsy and broken either of these features, we’ll offer you the chance to pop your Mode passcode in to confirm payment as well.
That’s the power of Open Banking, quicker seamless payments whilst also increasing security to transactions made. It’s a standard when it comes to the technology and what PSD2 aims to improve across the globe. Security for any user and company is always the number one priority.
When you have completed the checkout process you’ll be making the merchant you’ve just bought from very happy. Not just because you’ve bought that lovely product they’ve created but with Mode and the power of Open Banking they will instantly receive the payment, straight into their business account without any pesky card processing fees taking a chunk out of it. We know, we know, we’re amazing 😅
The beauty of all of this, and the reason why we’re so excited to get this product into your hands, is because it means there will be no more friction in terms of the settlement or authentication which is great for both you, the customer and the merchant you’re buying from. We’ve made sure that you have the least amount of necessary button pressing from checkout to completing payment.
As we begin to close in on our launch we’ll be picking apart everything we’ve shown you so far so that you’re in the know once we go live and so you can tell your friends about how awesome we are as well 😉