CentralPay payment initiation service consists of sending a bank transfer request to a customer, directly in their banking application. The integrated reference and instantaneous transfer notification enable automated reconciliation, with no risk of error.
Pay by Bank
Payment initiation Service (or Pay by Bank) makes it possible to send instant transfer requests to customers, directly in their banking application.
You fill in the amount, your IBAN, and your references for them, so they only have to validate the bank transfer.
Use cases
With its instant validation process and very low risk of fraud, payment initiation is a real alternative to card payment for e-commerce sites and marketplaces.
With its instant validation process and very low risk of fraud, payment initiation is a real alternative to card payment for e-commerce sites and marketplaces.
By controlling the data associated with customer transfers (reference, IBAN, amount), payment initiation limits human mistakes and enables fully automated accounting reconciliation.
Customer journey
Use the Smart Collection solution to integrate payment initiation service into your sales tunnel or email invoices, without any technical effort.
All about CentralPay payment initiation solution
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.
Tell our sales teams about your project and your payment volumes.
We'll send you a feasibility analysis and an appropriate pricing proposal.
Our technicians will guide you through our API documentation to get your integration up and running quickly and smoothly.
CentralPay is an Electronic Money Institution authorized by the Banque de France through the French Prudential Supervision and Resolution Authority (CIB 17138).
