Frictionless Payments on Behalf of Your Customers
Payment initiation done right
With Token, initiating payments on behalf of your customers is a breeze. As a Payment Initiation Service Provider (PISP) you can offer the bank direct payment option to your merchant, or corporate customers. By using the TokenOS API you have instant access to all banks participating in the Token network. Quick Checkout with Token can be added to a PISPs existing checkout options, or simply passed through for the merchant to add to their checkout page directly.
Powered by smart tokenisation
The PISP onboards the Token network and adds the Token Quick Checkout widget to their checkout system. It involves only a few lines of code.
Payments are authorised using smart tokens. When a customer clicks to purchase, the PISP presents the customer (through the Token mobile app) with a request for a smart token. The customer approves the request and a smart token is generated with terms and conditions specific to the purchase. The PISP then presents the smart token to the customer’s bank (via the Token network) and requests funds to be transferred to the PISP customer's account. This initiates a payment from the payer’s bank to the merchant’s bank using the underlying push payment rail (e.g. FPS in the U.K., or SCT in the EU).
Register with the EBA as an PISP
Connect with TokenOS
Integrate with your payment gateway
Schedule a personal demo
One of our friendly staff members will schedule a demonstration with you immediately.