Open Banking is a PSD2-regulated technology that lets businesses collect payments and access financial data directly through bank APIs, without card networks or intermediaries. RonPay's Open Banking suite includes Payment Initiation, Account Information, Verification of Payee and IBAN Check: instant, irrevocable SEPA transfers with fees from 0.2% and zero chargebacks.
Card networks and manual transfers add unnecessary cost, risk and operational work, especially for high-value payments.
Credit and debit cards cost between 1% and 3% per transaction. On high-value orders, these fees silently erode your profit margins.
Card payments can be disputed long after the transaction. Managing claims wastes resources and creates avoidable financial exposure.
Traditional transfers take 1-3 business days to settle. Matching payments to orders manually wastes hours and introduces accounting errors.
Use Payment Initiation, Account Information, Verification of Payee and IBAN validation in one operational payment stack.
Trigger a SEPA Instant bank transfer directly from checkout. The customer selects a bank, authorizes in the banking app and the payment is confirmed in seconds.
Verify IBAN ownership, check real-time balances and review transaction history for onboarding, KYC and creditworthiness with user consent.
Confirm that the beneficiary name matches the account holder at the destination bank before executing a payment, reducing fraud and misdirected transfers.
Validate IBAN format, bank identification and account reachability before initiating any transaction or direct debit.
PSD2 enables authorised providers to initiate transfers and access account data on behalf of users. With RonPay, customers authorise a SEPA Instant Transfer directly from their banking app, with no card numbers, no intermediaries and no chargeback risk.
The operational layer for direct bank payments, reconciliation, identity checks and compliance-ready payment experiences.
Money arrives in your account within 10 seconds, 24/7/365. No batch processing, no settlement delays.
Bank transfers cannot be disputed or reversed after authorisation, eliminating chargeback fraud and dispute management.
Connect with PSD2-compliant banks across Europe and support major institutions through one Open Banking flow.
Every payment carries a unique end-to-end reference, so orders are automatically matched to collections in real time.
Validate IBAN reachability, verify account ownership and confirm available balance before a transaction.
Cross-check beneficiary identity against the destination bank account holder to reduce fraud and compliance risk.
Use structured references for reliable settlement tracking, accounting automation and order-level visibility.
Design checkout, onboarding and back-office flows around direct bank APIs and real-time webhook notifications.
SDD and Open Banking PIS are complementary rails. Use the right one at each step of the customer lifecycle.
You initiate the debit automatically from the customer's account using a pre-signed mandate. Ideal for subscriptions, utilities, insurance and recurring B2B invoices. Low flat fee, no card expiry and settlement D+1 for B2B or D+5 for Core.
The customer authorises an instant SEPA transfer from their banking app. No mandate required. Irrevocable from authorisation, no chargebacks, no disputes and fees from 0.2% for high-value one-off payments and first subscription charges.
The most effective strategy: Open Banking PIS for the first payment, then SEPA Direct Debit for all subsequent recurring charges. RonPay can handle the flow end-to-end.
Every Open Banking API call should follow European PSD2 regulation, native SCA and GDPR-ready data handling with zero banking credentials stored.
Open Banking flows built around regulated payment initiation and account information access.
Strong Customer Authentication through the customer's banking app.
European licenses for AIS and PIS services through regulated infrastructure.
No banking credentials stored and consent-based access for financial data.
The Open Banking stack combines PSD2-licensed technology with trusted payment-network coverage for account-to-account payments.
FlowPay is a PSD2-licensed Account Information Service Provider and Payment Initiation Service Provider, powering PIS, AIS and IBAN Check connections to 2,000+ European banks with real-time SEPA Instant settlement.
BANCOMAT S.p.A. operates Italy's most widely used payment network, trusted by over 40 million cardholders. The partnership enables merchants to accept account-to-account mobile payments built on domestic banking infrastructure.
Direct bank payments are strongest when settlement speed, cost reduction and reconciliation accuracy matter.
Open Banking PIS, AIS, VOP and IBAN Check help businesses cut costs, reduce risk and automate payment operations.
Collect payments instantly without card processing fees. Ideal for high-value orders where percentage-based commissions hit hardest.
Use SEPA Direct Debit mandates with IBAN verification, AIS balance checks and zero chargeback risk.
Manage collections and payouts to sellers with instant reconciliation, full traceability and VOP compliance.
Mass collection of recurring utility payments with minimal fixed costs, immediate confirmation and IBAN Check validation.
Clear answers about PIS, AIS, VOP, IBAN Check, settlement and chargeback risk.
Payment Initiation Service lets a customer authorize a bank transfer directly from checkout through their banking app. The payment can be confirmed in seconds through SEPA Instant.
Once a SEPA Instant transfer is authorized by the account holder, it is irrevocable by design. That removes card-style dispute and chargeback workflows.
Every payment carries a unique end-to-end reference, allowing orders and collections to be matched automatically in real time.
Account Information Service can verify IBAN ownership, balances and transaction data with user consent. It is useful for onboarding, KYC and risk checks.
Yes. A strong setup uses PIS for the first instant payment and SEPA Direct Debit for subsequent recurring charges.
Discover how Open Banking with PIS, AIS, VOP and IBAN Check can transform your payment operations.
