Use case – Open Banking

Get rid of card
payments with Open
Banking – Cardless

Allow your client to buy in a click without using Visa and MasterCard – AIS PIS can charge account or initiate a payment instantly.

Why to choose Open Banking
for online Payments?

Replacing Visa MasterCard

The AIS – PIS technology allows a user while buying online to initiate a payment out of his usual bank account to the merchant without logging out.

Risk free transactions – no chargeback?

PIS – Payment Initiation Service is when your client can use your banking credential directly on your website and pay for your goods – No more Chargebacks and transactions are risk-free.

Keeping cost under control

With the consent of the user the AIS – Account Information Service gives you access to the current accounts of the client and initiate payments at the lowest possible cost.

UX Improvement

It only takes a second to your end client to pay his purchase, one single API calls generates the payment, which is way faster than a credit card payment.

Endless European
Banks connected to your merchants

Use case - Open Banking 1

Cutting all stages for a cost controlled payment.

When using Open Banking you cut off through the usual stages of Card processing that requires acquiring banks, processors, issuing banks, Processing gateway and credit cards and that drives to a repeated number of costs and fees.

Open banking sharply cuts the road off to all that scheme and allow thanks to Iorys API to Initiate Payments from IBAN to IBAN in seconds and at controlled costs.

Use case - Open Banking 3

Current

PAYMENT FLOW

Use case - Open Banking 5

Open Banking moves money around Europe in seconds

Faster than card processing, Open Banking network covers over 6.000 banks from the SEPA network around Europe and allow the payment to be processed with direct automation straight from IBAN to IBAN without using any clearing or correspondence banking.

Transactions are processed thanks to the Instant Sepa payment system powered with our Payment Initiation Service API.

A simplified technical integration to connect
the user to the merchant via API.

Our Open Banking APIs connects the banks of the merchant and the buyer together to process the payment between the two parts around thousand of banks.

Use case - Open Banking 7

Banking platform on the go
We set up IT solutions for Banks, and Fintechs

Whatever your need is in payment processing we’ll make it go live !

Use case - Open Banking 9

Redirect

Use case - Open Banking 11

Embedded

Use case - Open Banking 13

Decoupled

Use case - Open Banking 15

App2App

Need more information?

Who can Open Banking be useful for ?

Open Banking for Payment initiation services

  • Online purchase payment as an alternative to Visa/ MaterCard
  • Accounting firms looking to initiate payrolls payments, companies expenses etc
  • QR Codes generation on bills for retail market
  • High Risk merchants willing to neutralize the payment risks
  • Casino / Forex brokers for funds collection

open banking for account information services

  • Accounts and wallet agregator
  • Loans and mortgages firms looking to obtain AI bases information on their clients
  • Banks or Fintechs sharing information
  • Accounting firm for data collection
  • Multinationals companies agregating their accounts and payments

Seamless integration made for developers

The AIS – Account Information Service combined with our APIs allows you to get all form of data, transactions, reports, history, connections, accounts balances and have a unlimited amount of use case possible to configure and set up to drive your busines.

The integration process has been conceived to be seamless for developers to integrate the Open Banking APi’s and run it quickly for your business. Our maintenance team will additionally respond to all of your requests for support during the set up and the running time.

Use case - Open Banking 17

Check our Demo

Are you an e-money instution representative or payment service provider ? Drop us some information about your company and let’s schedule a depo of our APIs and Platform.