IRISPay - Open Banking by IRIS Solutions
About IRIS Solutions
IRIS Solutions, a licensed payment institution by the Bulgarian National Bank, is leader in open banking in the South Eastern European region and the Balkan Peninsula, their payment solution is supported by over 60 banks in more then 5 markets. With open banking being adopted around the world, connect to all your customers banks and deliver a wide range of personalized and innovative services.
With the IRISPay payment solution there is the opportunity to initiate the payment from a bank account without being in any of the channels of the financial institution. The functionality can be easily integrated with various systems and allow end users to make an account to account based transaction. Every transaction initiated through IRIS Solutions requires Strong Customer Authentication and guarantees the highest level of security for both the client and the institution.
Electronic payments are part of the daily life of modern life. They are gaining more and more share in both traditional trade and online trade. Both traders and consumers rely on them.
Open Banking helps by reducing costs, and guaranteed security is an additional motivation to buy and make payments. Open Banking helps by increasing security, convenience and efficiency.
Open banking reduces fraud in e-commerce.
When paying with open banking, no card is required to make a payment. This means that fraudsters using stolen data to access other people's cards become powerless. Users use face recognition, fingerprint or other secure method to log in to their mobile app or online banking via their own device to approve transactions. This makes shopping in an e-shop more secure.
The problem with payment when returning goods is solved
Thanks to open banking, merchants control the refund process from start to finish. Payments are direct. There are no intermediaries. There is no delay. The traditional recovery usually takes up to five working days, and in open banking it can take less than one.
Payments with open banking reduce card payment fees
Transaction fees affect all companies that accept card payments. This reduces profit margins and in some cases burdens the user with the transaction fee. Payments with open banking allow these fees to be reduced for the benefit of all companies and consumers.
Please contact us for more information or a demo: Contact Form
IRIS Solutions, a licensed payment institution by the Bulgarian National Bank, is leader in open banking in the South Eastern European region and the Balkan Peninsula, their payment solution is supported by over 60 banks in more then 5 markets. With open banking being adopted around the world, connect to all your customers banks and deliver a wide range of personalized and innovative services.
With the IRISPay payment solution there is the opportunity to initiate the payment from a bank account without being in any of the channels of the financial institution. The functionality can be easily integrated with various systems and allow end users to make an account to account based transaction. Every transaction initiated through IRIS Solutions requires Strong Customer Authentication and guarantees the highest level of security for both the client and the institution.
Electronic payments are part of the daily life of modern life. They are gaining more and more share in both traditional trade and online trade. Both traders and consumers rely on them.
Open Banking helps by reducing costs, and guaranteed security is an additional motivation to buy and make payments. Open Banking helps by increasing security, convenience and efficiency.
Open banking reduces fraud in e-commerce.
When paying with open banking, no card is required to make a payment. This means that fraudsters using stolen data to access other people's cards become powerless. Users use face recognition, fingerprint or other secure method to log in to their mobile app or online banking via their own device to approve transactions. This makes shopping in an e-shop more secure.
The problem with payment when returning goods is solved
Thanks to open banking, merchants control the refund process from start to finish. Payments are direct. There are no intermediaries. There is no delay. The traditional recovery usually takes up to five working days, and in open banking it can take less than one.
Payments with open banking reduce card payment fees
Transaction fees affect all companies that accept card payments. This reduces profit margins and in some cases burdens the user with the transaction fee. Payments with open banking allow these fees to be reduced for the benefit of all companies and consumers.
Please contact us for more information or a demo: Contact Form
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