Team names, roles
and company contact
Mr Gert Funk, CEO
Mr Thierry Fromes, Deputy CEO
Mr Jonathan Reddin, CRO
Mr Marc Funk, COO
Bigedirect will provide payment initiation services to E commerce merchants. These will be direct Bank to Bank payments and will bypass card scheme payments. We will reduce costs increase successful transactions. Remove the requirements for reserves to be held, ensure merchants receive funds immediately and remove charge back liabilities. We have merchants waiting to move significant volume to us in excess of 40ME per month.
Merchants find card scheme payments expensive with complex rules requiring reserves to be held by banks, complex checkout processes leading to up to a 20% failure rate at checkout and on going liabilities lasting up to 6 months.
Solution / technology
PSD2 allows a new service of payment initiation allowing consumers to the choice and freedom to pay for goods and services directly from their bank account to the merchant bank account via the BigeDirect platform.
We have an existing pool of merchants processing payments through card schemes in challenging verticals such as the travel sector waiting to move volume to us as soon as the platform is licenced and running, the business will generate cash very quickly.
25 Billion Euros +