Go-Live
2022
Industry
Payment Services / Financial Technology
About
With our solution, OTTO Payments was able to establish a modern, secure, and centrally managed bank connectivity setup - an important step toward harmonizing payment processes, increasing transparency, and strengthening control over payment flows.
Millions of Payments, One Solution – OTTO Payments Chooses Nomentia
With over 100 million incoming and 4 million outgoing payments annually, OTTO Payments faced the challenge of efficiently managing a massive volume of individual transactions across account-based payment methods. As the central payment service provider for OTTO, the company was looking for a scalable solution that would reduce complexity, increase transparency, and integrate seamlessly into existing systems. The choice fell on Nomentia.
Challenges and Requirements at OTTO Payments
The focus was on processing millions of individual transactions efficiently and handling account-based payment methods reliably. At the same time, there was a clear need for automated processes and transparent liquidity visibility. The solution also had to meet the highest standards in terms of security and scalability, while integrating flexibly into the existing system landscape - including connections to both internal systems and external banks.
Seamless Integration into Existing Systems
To ensure smooth operations, Nomentia was directly connected to OTTO Payments’ internal systems. The solution fits seamlessly into the existing IT landscape and enables automated exchange of payment data and account statements. This allowed for end-to-end, efficient payment processing - without manual steps and with maximum transparency.
Why OTTO Payments Chose Nomentia
As the central payment service provider for OTTO, OTTO Payments processes over 100 million transactions annually - including invoice payments, installment purchases, and direct debits. With this volume and variety, the company needed a solution that is reliable, adaptable, and scalable.
Nomentia offered exactly what OTTO Payments was looking for: a solution that fits well into existing structures, is flexible, and can grow with the company’s needs - especially important given the high transaction volume. The collaboration with the Nomentia team was smooth from the start. This combination of the right solution and a reliable partner ultimately made the difference.
„The reliability, flexibility and user-friendliness of the system, as well as the people behind the service provider, played a significant role in the number of transactions we process on a daily basis. During the implementation phase and the following go-live, which also included support, it became clear that we can always rely on Nomentia as a trusted partner“
DOMINIK DOHN, Treasury Manager at OTTO Payments
Ein besseres Treasury-Management beginnt mit Nomentia
Wir zeigen Ihnen, wie wir Ihr Treasury-Team unterstützen können.
