Open Banking PSD2: PIS, AIS, VOP and IBAN Check for companies.
Open Banking is a technology regulated by PSD2 that lets 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 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.
A provider 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 change hands.
The transfer is initiated directly
The payment 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
Money reaches your account in under 10 seconds, 24/7/365. No batch processing and no settlement delays.
Irrevocable payments
Bank transfers cannot be disputed or reversed after authorisation, eliminating chargeback fraud.
Over 2,000 European banks
Connect with PSD2-compliant banks across Europe and work with major institutions 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 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.
AISP / PISP licensed
European licences for AIS and PIS services, through regulated infrastructure.
GDPR Ready
No storage of banking credentials, and consent-based access to financial data.
Backed by leading European Open Banking infrastructure.
The Open Banking stack combines PSD2-licensed technology with the reach of trusted payment networks.
Open Banking technology partner
FlowPay is a PSD2-licensed provider of account information and payment initiation services.
Italian payment network partner
BANCOMAT S.p.A. operates the most widely used payment network in Italy, used by over 40 million cardholders.
Case studies: Open Banking PIS in action.
Direct bank payments work best where settlement speed, cost reduction and reconciliation accuracy matter most.
Diagramma SRL
Bosch
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 with IBAN verification, balance checks through AIS and zero chargeback risk.
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
What is Open Banking PIS?
The payment initiation service lets the customer authorise a bank transfer directly from checkout, through their bank's app.
Why are there no chargebacks?
Once authorised by the account holder, a SEPA Instant transfer is irrevocable by design.
How does automatic reconciliation work?
Every payment carries a unique end-to-end reference, which allows orders to be matched to receipts automatically.
What is AIS used for?
The account information service can verify the IBAN holder, balances and transaction data, with the user's consent.
Can I combine PIS with SEPA Direct Debit?
Yes. A solid setup uses PIS for the first instant payment and SEPA Direct Debit for the recurring payments that follow.
Start accepting payments with RONPAY
Fast activation, transparent pricing and dedicated support for your business.