VIENNA — DIMOCO Payment Services has announced that the Austrian Financial Market Authority (FMA) has granted it a license under the Payment Service Act.
According to the company, the awarded license allows DIMOCO Payment Services to contribute to the payment value chain, offering merchants a single technical interface and a unified clearing and settlement process for many payment methods, including credit cards, online bank transfers, SEPA and direct debit cards.
“We differ from most PSPs in the global payments ecosystem with our personal touch,” said DIMOCO Managing Director Boris Kersten. “We proactively and personally monitor the overall payment process.”
“In addition to monitoring individual transactions, we make recommendations and take actions to decrease chargebacks and fraudulent transactions,” Kersten adds. “This process is not simply left to algorithms, the human element is added to the mix resulting in the protection of merchant revenues.”
The license application procedure was successfully accompanied by a team of specialists from the Austrian law firm PFR, located in Vienna, guided by its practice head of banking, finance and capital markets, Dr. Bernd Fletzberger.
The new ZaDiG License under Point 7 of the Annex to EU Payment Service Directive (2007/64/EC) will be passported to all EU and EAA member countries.
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