Open banking means that banks can securely and electronically share a customer’s financial information with trusted third‑party providers — but only with the account holder’s explicit consent.
This enables consumers to make real‑time, verified payments directly from their bank accounts, without cards and without intermediaries.
 

How Payments Work With IRISPay

IRISPay brings the power of open banking directly to businesses by enabling fast, secure, account‑to‑account payments through multiple channels:

• IRISPay “Pay by Click” – seamless payments for online stores

• IRISPay “Pay by Link” – send a payment link through any channel

• IRISPay QR Code – instant account‑to‑account payments in physical locations

All methods deliver real‑time, bank‑verified transactions, increased security, and lower payment costs.

Visit www.irispay.eu to learn more about our solutions and services for merchants