[…] HSBC’s Open Payments solution is based on this infrastructure. The technology enables businesses to connect their checkout pages with online apps or mobile platforms used by customers. Purchasers are given a request for pre-populated payments and, once the payment is authorized, the seller is granted an “instant and irrevocable credit” to their account. The new offering helps businesses get working capital faster and keeps both the risk of fraud and the cost of collections low. […]