The aim was to make simple, fast and, above all, secure payments between friends and other private contacts possible – ideally directly from the sender’s current account to the recipient’s current account. For this purpose, a strong and reliable partner was required to provide the appropriate interface. FinTecSystems’ (FTS) complete coverage of German and Austrian banks coupled with its expertise in the area of transactions were the decisive factors for the cooperation.
Today, the FinTecSystems banking API is not only used to process P2P payments; it is also used to process online transfers to business accounts. In this context, Access to Account is granted in order to verify the account holder.