using the subsidiary DB Connect, DB provides its clients with the ability to easily link their bank accounts for simpler account onboarding using its state-of-the-art mobility sharing systems. This involves utilizing Tink's Account Check for "Call a Bike," one of the largest bike sharing programs in the nation, and "Flinkster," the largest automobile sharing network in Germany. These services enable users to reduce their carbon emissions and travel in a more environmentally friendly manner.

Account Check guarantees that the right account is charged each time a car or bike is used, improves direct debit installations, and promotes conversion.

With the user's express authorization, Tink's Account Check automatically validates account facts using real-time data directly from their bank account. Since the information is coming straight from the user's bank, verifying account details lowers the chance of fraud and makes setup quick, simple, and safe.

Through the elimination of manual entry required for configuring direct debits, Account Check also minimizes user error and greatly simplifies the user interface. Tink's solution increases productivity and makes it possible to safely accept payments quickly and accurately thanks to instantaneous and frictionless verification.

Only legitimate direct debit mandates have been generated since we implemented Account Check, according to Clemens Rath, Head of Product Management Bike Sharing at DB Connect. Direct data validation with the customer's bank stops fraudulent direct debit requirements. This demonstrates our dedication to the highest security requirements and makes it possible for us to ensure the reliability of our service.

"Working with DB Connect is a great example of how we can help businesses provide the best onboarding experience while also supporting DB in helping consumers to minimize carbon emissions," said Thomas Gmelch, Director of Payments Sales (DACH) at Tink. The process of verifying an account can be finished quickly. Moreover, with only a few clicks. It increases efficiency, lowers the number of unsuccessful payments, and guards against fraud, increasing value for both customers and businesses. We can lower expenses and improve the client experience by streamlining and optimizing the process.