Through a single point of integration, BR-DGE’s merchants can access a host of payment providers, fraud capabilities, and alternative payment methods.

With this new partnership, BR-DGE merchants are set to benefit from Volt’s Open Banking tool, which connects to over 1,800 global banks and routes payments in real-time via its network to optimise payment flows.

BR-DGE merchants are set to also gain access to Volt’s Open Banking fraud prevention tool, Circuit Breaker, which was created to better counter fraudulent activity by identifying and blocking suspicious payment activity.

The BR-DGE-Volt partnership follows growing merchant demand for innovative Open Banking technology, and reflects recent figures showing Open Banking usage hitting a milestone of 7 million consumer and SME users in the UK, according to CMA9 data.

Increased adoption is being driven by businesses looking for lower costs from their payments infrastructure, and the potential to provide customers with a higher quality user experience, among other benefits.

Volt joins over 300 technology and payment providers that have signed up to BR-DGE’s partnership programme. One of the last BR-DGE partnerships DIGIT reported on was a collaboration with American Express.

“Merchants across sectors are looking for payment partners that enable them to access the very best fintech innovations,” said BR-DGE’s Head of Partnerships, Tom Voaden.

“Partnering with Volt enables BR-DGE to continue to offer merchants the very best security and Open Banking technology in order to support their growth.

“Open Banking and fraud prevention are high on the payment priority list for businesses, and it is only set to grow in importance as firms look to better serve and protect their customers.”

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Richard Drury, Volt’s VP Partnerships, also commented, saying: “We’re excited to bring real-time Open Banking payments, backed up by intelligent fraud prevention, to BR-DGE’s merchants.

“We’ve seen huge demand from e-commerce businesses for payments that settle faster, are easier for shoppers to initiate, and which don’t come with high fees.

“These retailers are understandably extremely keen to reduce the impact of fraud, too. Open Banking payments, which benefit from bank-grade security, are inherently safer – but Circuit Breaker, which enables merchants to set up rules governing fraudulent transactions, takes security to a new level.

“We look forward to helping BR-DGE’s merchants realise its benefits.”