Open Banking PSD2: PIS, AIS, VOP & IBAN Check for Businesses
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. RoxPay's Open Banking suite includes Payment Initiation (PIS), Account Information (AIS), Verification of Payee (VOP) and IBAN Check: instant, irrevocable SEPA transfers with fees from 0.2% and zero chargebacks.
What you get
RoxPay Open Banking: from 0.2% per transaction
PIS via SEPA Instant: direct bank transfer with no card network. Fees from 0.2%, up to 70% lower than cards.
Zero chargebacks: irrevocable by design
A SEPA Instant transfer cannot be reversed once authorised by the accountholder. No disputes, no fraud, no chargeback costs.
Instant settlement + automated reconciliation
Money in your account within 10 seconds, 24/7/365. Every payment carries a unique end-to-end reference for automatic order matching.
RoxPay Open Banking Services
Payment Initiation Service
Trigger a SEPA Instant bank transfer directly from your checkout. The customer selects their bank, authorizes with a tap in their banking app, and the payment is confirmed in seconds: irrevocable and zero-chargeback.
Account Information Service
Verify IBAN ownership, check real-time account balances, and review transaction history. Ideal for customer onboarding, KYC processes, and creditworthiness assessments, with user consent only.
Verification of Payee
Before executing a payment, confirm that the beneficiary name matches the account holder at the destination bank. Prevent fraud, APP scams and misdirected transfers in real time.
IBAN Validation
Instantly validate IBAN format, bank identification code and account reachability before initiating any payment or direct debit. Eliminate bounced transactions and reduce reconciliation errors.
What Is Open Banking? How RoxPay Makes It Work for You
Open Banking (PSD2) enables authorised providers to initiate bank transfers and access account data on behalf of users. With RoxPay, customers authorise a SEPA Instant Transfer directly from their banking app, with no card numbers, no intermediaries, no chargeback risk.
- PIS - Payment Initiation Service: Trigger instant bank transfers straight from your checkout page. The customer confirms with a single tap in their banking app.
- AIS - Account Information Service: Verify IBAN ownership, check real-time account balances and review transaction history, ideal for onboarding and KYC.
- VOP - Verification of Payee: Confirm that the beneficiary name matches the account holder before executing a payment, preventing fraud and misdirected transfers.
- IBAN Check: Instantly validate IBAN format, bank identification and account reachability before initiating any transaction.
- Fees from 0.2%–0.5% compared to 1–3% for card payments
- Instant reconciliation with unique end-to-end reference codes
Open Banking Features: Everything You Need in One Platform
SEPA Instant Transfers
Money arrives in your account within 10 seconds, 24 hours a day, 7 days a week, 365 days a year. No batch processing, no delays.
Irrevocable Payments
Unlike card transactions, bank transfers cannot be disputed or reversed. Eliminate chargeback fraud and the costs of dispute management.
2,000+ European Banks
Connect with over 2,000 PSD2-compliant banks across Europe. Full coverage of Italian institutions including Intesa, UniCredit, BPM and more.
Auto Reconciliation
Every Open Banking payment carries a unique end-to-end reference. Orders are automatically matched to collections in real-time.
IBAN Check & AIS Verification
Validate IBAN format and reachability instantly. With AIS, verify account ownership and available balance before any transaction.
VOP - Verification of Payee
Cross-check beneficiary identity against the destination bank account holder before payment execution. Reduce fraud, misdirected payments and compliance risk.
SEPA Direct Debit or Open Banking PIS? Use Both.
SEPA Direct Debit and Open Banking PIS are two complementary payment rails. SDD lets you pull funds automatically from a customer's account using a pre-signed mandate — ideal for recurring billing. PIS is a push transfer the customer authorises instantly from their banking app — ideal for one-off or first payments. RoxPay supports both, and helps you combine them in the same flow.
SEPA Direct Debit
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, no chargeback for B2B. Settlement D+1 (B2B) or D+5 (Core).
Open Banking PIS
The customer authorises an instant SEPA transfer from their banking app — one tap, confirmed in seconds. No mandate required. Irrevocable from the moment of authorisation. No chargebacks, no disputes. Fees from 0.2%. Ideal for high-value one-off payments and first subscription charges.
Use Both Together
The most effective strategy: Open Banking PIS for the first payment (instant, irrevocable, IBAN captured automatically), then SEPA Direct Debit for all subsequent recurring charges (fully automated, no user interaction). RoxPay handles the entire flow end-to-end.
RoxPay supports SEPA Direct Debit and Open Banking PIS natively. Design a payment flow that uses the right method at every step of the customer lifecycle.
Talk to a Payment ExpertPSD2 Security, GDPR Compliance & Strong Customer Authentication
Every Open Banking API call processed by RoxPay complies with European PSD2 regulation, implements native Strong Customer Authentication (SCA), and stores zero banking credentials, fully GDPR-compliant.
PSD2 Compliant
Authorized PSD2 service provider
Native SCA
Strong Customer Authentication via banking app
AISP / PISP Licensed
European licenses for AIS and PIS services
GDPR Ready
No banking credentials stored
Powered by Europe's Leading Open Banking Infrastructure
RoxPay's Open Banking services are built in partnership with FlowPay and BANCOMAT, combining PSD2-licensed technology with Italy's most trusted payment network.
FlowPay is a PSD2-licensed Account Information Service Provider (AISP) and Payment Initiation Service Provider (PISP). As RoxPay's core Open Banking infrastructure partner, FlowPay powers our PIS, AIS, and IBAN Check services, connecting 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. Our partnership enables RoxPay merchants to accept BANCOMAT Pay, the account-to-account mobile payment method built on Italy's domestic banking infrastructure.
Success Stories: Open Banking PIS in Action
Diagramma SRL
Insurance broker management software, since 1982
Solution
Integration of RoxPay Open Banking PIS (Payment Initiation Service) into Diagramma's broker platform. Paylinks are generated automatically and sent to policyholders, who pay directly via IBAN using SEPA Instant transfer, confirmed in seconds.
Result
Premium collections are now instant and irrevocable. Processing costs dropped by 65%, reconciliation is fully automated via unique end-to-end references, and broker satisfaction increased significantly thanks to real-time visibility on payments.
Bosch
Global leader in technology and services, since 1886
Solution
Adoption of RoxPay Open Banking PIS to collect payments directly via IBAN. Customers authorize a SEPA Instant transfer from their banking app, no card data is transmitted or stored, completely eliminating PCI scope and chargeback risk.
Result
Bosch eliminated the need to handle card payments entirely, removing PCI compliance requirements and chargebacks. Collection costs decreased significantly and security improved: no sensitive data to protect, no disputes to manage.
Open Banking Use Cases: Who Saves the Most
E-commerce & Retail
Collect payments instantly without card processing fees. Ideal for high-value orders where percentage-based commissions hit hardest.
SaaS & Subscriptions
Recurring charges via SEPA Direct Debit mandate, with automatic IBAN verification (AIS), balance checks and zero chargeback risk.
Marketplaces & Platforms
Manage collections and payouts to third-party sellers with instant reconciliation, full traceability and Verification of Payee (VOP) compliance.
Utilities & Billing
Mass collection of recurring utility payments with minimal fixed costs, immediate payment confirmation and IBAN Check validation.
Cut Costs. Eliminate Chargebacks. Get Paid Instantly.
Discover how Open Banking with PIS, AIS, VOP and IBAN Check can transform your payment operations.
