With transfer initiation service, your customers can pay for their purchases in just a few clicks, from their bank account, without having to re-enter their IBAN or wait for processing.
The amount, beneficiary and reference are pre-filled, so all your customers have to do is validate to initiate the transfer.
Initiated via Open Banking, transfer confirmation is instantaneous and payment irrevocable. You collect faster, reduce transaction costs and automate the entire process.
An ideal solution for overcoming the problems associated with card limits. your buyers’ constraints.
A payment initiation service to boost your performance
Send instant or classic transfer requests, which your customers simply validate. Payments are executed in compliance with SEPA protocols.
Each transfer is referenced and traced, limiting human error and enabling fully automated accounting reconciliation and communication tasks (customer and internal).
Transfers are initiated via the payer's own banking environment, within the strict framework of Open Banking and strong authentication protocols (SCA). No risk of fraud or rejection.
Online transaction or invoice settlement, payment initiation adapts to every activity
E-commerce
Marketplace
Invoices
Debt collection
CentralPay makes payment by initiated transfer simple and advantageous for everyone
Fast access to funds
With Pay by Bank, the merchant's account is instantly funded.
Easier management
Payment initiation reduces errors (amount, reference) and reconciliation tasks.
Irrevocable
Strong authentication limits the risk of disputes and the associated cost of chargebacks.
Optimal experience
Requiring only customer validation, this method is ideal for fast payments.
For all targets
Initiated payment is ideal for all baskets up to €250,000.
High level of security
The PCI-DSS standard and the strong authentication protocol ensure a high level of security.
Go further in automating your processes by connecting your tools to CentralPay
Payment initiation service (or Pay by Bank) offers several advantages:
Yes. The CentralPay payment account updates the status of your Pay by Bank payments in real time. They can be consulted from your management tool via API or in your BackOffice.
Pay by Bank is based on Open Banking, a principle enabling financial institutions like CentralPay to interact with traditional bank accounts via API :
Yes. Introduced by PSD2 (Payment Services Directive n°2), payment initiation works on the same environment as the other SEPA payment methods, and only allow to request a SEPA bank transfer, in euros, in the European countries of the zone.
CentralPay is an Electronic Money Institution authorized by the Banque de France through the French Prudential Supervision and Resolution Authority (CIB 17138).
