Open Banking PSD2: PIS, AIS, VOP and IBAN Check for companies
Open Banking services are regulated by PSD2 and let companies collect payments and access financial data directly through their customers' banks.
Why traditional payments hurt your business
Card networks and manual transfers add unnecessary cost, risk and operational work, especially for high-value transactions.
Excessive card fees
Credit and debit cards cost between 1% and 3% per transaction. On high-value orders, those fees quietly erode your margin.
Chargebacks and disputes
Card payments can be disputed long after the transaction. Handling claims consumes resources and creates uncertainty.
Slow settlement and reconciliation
Traditional transfers settle in 1 - 3 business days. Matching payments to orders manually eats valuable time.
RONPAY Open Banking services
Use payment initiation, account information, payee verification and IBAN validation in a single operational flow.
PIS - Payment initiation
Trigger a SEPA Instant bank transfer in euro straight from checkout. The customer picks their bank, authorises the payment and the funds move immediately.
AIS - Account information
Verify the IBAN holder, check real-time balances and transaction history for onboarding, KYC and risk assessment.
VOP - Verification of payee
Confirm that the payee name matches the account holder at the receiving bank, before the payment is executed.
IBAN Check
Validate IBAN format, bank identification and account reachability before initiating any transaction.
What Open Banking is, and how RONPAY makes it work for you
PSD2 allows authorised providers to initiate transfers and access account data on behalf of users.
Providers authorised under PSD2
Only licensed AISP and PISP providers may connect to bank accounts. RONPAY operates on top of that licensed infrastructure.
The payer gives explicit consent
The customer authorises the operation in their own banking app, with strong customer authentication. No card details are used.
The transfer is initiated directly
The payment in euro leaves the payer's account for yours, through SEPA Instant, without passing through the card networks.
The payment arrives already reconciled
The transfer carries its own reference, so it is matched to the order automatically and cannot be charged back.
Open Banking features: everything you need in one platform
The operational layer for direct bank payments, reconciliation, identity checks and compliance-ready flows.
SEPA Instant transfers in euro
If both the payer's bank and yours support SEPA Instant, the money reaches your account in under 10 seconds, 24/7/365. No batch processing.
Irrevocable payments
Bank transfers cannot be disputed or reversed after authorisation, eliminating chargeback fraud.
PSD2-compliant banks
Connect with the PSD2-compliant banks in our partners' network through a single Open Banking integration.
Automatic reconciliation
Every payment carries a unique end-to-end reference, so orders are matched to receipts automatically.
IBAN Check and AIS verification
Validate IBAN reachability, verify the account holder and confirm the available balance before a transaction.
VOP - Verification of payee
Cross-check the payee's identity against the receiving bank account holder, to reduce fraud.
Unique references
Use structured references for reliable settlement tracking, accounting automation and order-level visibility.
API-ready operations
Build your checkout, onboarding and back-office flows around direct bank APIs and real-time webhook notifications.
SEPA Direct Debit or Open Banking PIS? Use both
SDD and Open Banking PIS are complementary channels. Use the right one at each stage of the customer lifecycle. SEPA Instant and SEPA Direct Debit work for payments in euro.
SEPA Direct Debit
Charge the customer's account automatically, based on a mandate signed in advance. Ideal for recurring payments.
Open Banking PIS
The customer authorises an instant SEPA transfer from their banking app. No mandate. Irrevocable.
Use them together
The most effective strategy: Open Banking PIS for the first payment, then SEPA Direct Debit for everything after.
PSD2 security, GDPR compliance and strong customer authentication
Every Open Banking API call must respect the European PSD2 regulation, native SCA and GDPR-ready data handling.
PSD2 compliant
Open Banking flows built around regulated payment initiation and account information access.
Native SCA
Strong customer authentication through the customer's own banking app.
Through licensed AISP / PISP providers
AIS and PIS services run on our partners' regulated infrastructure, under their European licences.
GDPR compliant
No storage of banking credentials, and consent-based access to financial data.
Backed by our partners' European Open Banking infrastructure
The Open Banking stack relies on PSD2-regulated services from authorised partners.
Open Banking technology partner
FlowPay is a payment institution authorised by the Bank of Italy for account information (AIS) and payment initiation (PIS) services.
Open Banking use cases: who saves the most
Open Banking PIS, AIS, VOP and IBAN Check help companies cut costs and risk and automate payments.
E-commerce and retail
Collect payments instantly, with no card processing fees. Ideal for high-value orders, where percentage fees weigh heavily.
SaaS and subscriptions
Use SEPA Direct Debit mandates in euro, with IBAN verification and balance checks through AIS. The payer can request a refund of a SEPA Direct Debit within 8 weeks without giving a reason, and within 13 months if the payment was not authorised.
Marketplaces and platforms
Manage collections and payouts to sellers, with instant reconciliation, full traceability and VOP compliance.
Utilities and billing
Bulk collection of recurring utility payments, with minimal fixed costs, immediate confirmation and IBAN verification.
Open Banking FAQ
Start accepting payments with RONPAY
Fast activation, transparent pricing and dedicated support for your business.