Payments News


Otto launches instant online payments for customers

“Using the new API, developed by the retailer alongside Hanseatic Bank, money can be transferred within a few seconds rather than several days for goods on the websites of Otto brands. Otto worked with Hanseatic Bank on the service, which as with other online payments requires the user to fill out a form with the recipient, IBAN, amount and purpose. The customer receives a confirmation that the transfer has been completed within one minute.”