Get paid in 10 seconds and cut your fees with Open Banking
Stop worrying about card fees and chargebacks: your customer authorises the transfer from their banking app, and the money lands in your account in under 10 seconds, irrevocably. Daevon's Open Banking suite covers the whole cycle: Payment Initiation (PIS) for instant transfers, Account Information (AIS) to check balance and ownership, Verification of Payee (VOP) against fraud, and IBAN Check to validate the account. Fees start at 0.2%, with zero chargebacks.
What you get
Fees from 0.2%: up to 70% lower
The transfer moves straight from the customer's bank, no card network involved: PIS via SEPA Instant costs from 0.2% per transaction, up to 70% less than cards.
Irrevocable transfers, zero disputes
Once the accountholder authorises it, a SEPA Instant transfer can't be reversed: no disputes, no fraud, zero chargeback costs.
Funds in 10 seconds, reconciled automatically
Money lands in your account within 10 seconds, 24/7/365, and a unique end-to-end reference matches every payment to its order automatically.
Four services, one Open Banking integration
Payment Initiation Service
Your customer picks their bank, authorises with a tap in their app, and the SEPA Instant transfer fires from your checkout: confirmed in seconds, irrevocable, zero chargeback risk.
Account Information Service
With the user's consent, you verify IBAN ownership, real-time balance and transaction history, useful for onboarding, KYC and creditworthiness checks.
Verification of Payee
Before a payment fires, the beneficiary name is checked in real time against the destination account holder, preventing fraud, APP scams and misdirected transfers.
IBAN Validation
An IBAN's format, bank code and reachability are validated instantly, before any payment or direct debit: fewer bounced transactions, fewer reconciliation errors.
An instant transfer from your customer's banking app to your account
Your customer authorises the transfer from their own banking app, no card numbers, no intermediaries, zero chargeback risk for you. That's Open Banking (PSD2) at work: it lets authorised providers like Daevon initiate SEPA Instant transfers and access account data on the user's behalf.
- PIS - Payment Initiation Service: your customer confirms with a single tap in their banking app, and the instant transfer fires straight from checkout.
- AIS - Account Information Service: before onboarding and KYC, check IBAN ownership, real-time balance and transaction history in a single call.
- VOP - Verification of Payee: before a payment goes through, the beneficiary name is cross-checked against the account holder, blocking fraud and misdirected transfers.
- IBAN Check: before any transaction, IBAN format, bank identification and account reachability are validated instantly.
- You pay from 0.2% to 0.5% per transaction, versus 1–3% for cards
- Every payment matches its own order: instant reconciliation with unique end-to-end reference codes
Everything you need to collect via Open Banking, on one platform
SEPA Instant, always on
No batches, no waiting: money lands in your account within 10 seconds, 24 hours a day, 7 days a week, all year round.
Zero chargebacks by design
Unlike cards, bank transfers can't be disputed or reversed: chargeback fraud and dispute-handling costs disappear.
2,000+ banks already connected
Reach over 2,000 PSD2-compliant banks across Europe, with full coverage of Italian institutions including Intesa, UniCredit, BPM and more.
Reconciliation that runs itself
Every payment carries a unique end-to-end reference, so orders match their collections automatically in real time.
IBAN Check & AIS together
Before every transaction, IBAN format and reachability are validated instantly, while AIS checks account ownership and available balance.
VOP against fraud
Before a payment fires, the beneficiary's identity is cross-checked against the destination account holder: less fraud, fewer errors, less compliance risk.
SEPA Direct Debit or Open Banking PIS? Why not both
For recurring billing, SDD pulls funds automatically from the customer's account using a pre-signed mandate. For one-off or first payments, PIS is an instant transfer the customer authorises from their own banking app. The two rails complement each other, and Daevon supports both, helping you combine them in the same flow.
SEPA Direct Debit
With a pre-signed mandate, the debit fires automatically from the customer's account: ideal for subscriptions, utilities, insurance and recurring B2B invoices. Low flat fee, no card expiry to manage, zero chargebacks for B2B, settlement D+1 (B2B) or D+5 (Core).
Open Banking PIS
One tap in their banking app is all the customer needs to authorise an instant SEPA transfer, confirmed in seconds and irrevocable from that moment: no mandate, no chargebacks, no disputes, fees from 0.2%. Ideal for high-value one-off payments and first subscription charges.
Use Both Together
The first payment runs on Open Banking PIS (instant, irrevocable, with the IBAN captured automatically), and every recurring charge after that runs on SEPA Direct Debit, with no user interaction at all. Daevon handles the whole flow end-to-end.
Use the right method at every stage of the customer lifecycle: Daevon supports both SEPA Direct Debit and Open Banking PIS natively, in the same payment flow.
Talk to a Payments ExpertEvery payment protected by PSD2, SCA and GDPR
The customer's banking credentials never pass through or get stored: every API call complies with European PSD2 regulation, with native Strong Customer Authentication (SCA) and full GDPR compliance.
PSD2 Compliant
Authorized PSD2 service provider
Native SCA
Strong Customer Authentication via banking app
AISP / PISP Licensed
European licenses for AIS and PIS services
GDPR Ready
No banking credentials stored
Powered by Europe's Leading Open Banking Infrastructure
PSD2-licensed technology meets Italy's most trusted payment network in Daevon's Open Banking services, built in partnership with FlowPay and BANCOMAT.
Daevon's PIS, AIS and IBAN Check services run on FlowPay, a PSD2-licensed AISP and PISP that connects to 2,000+ European banks with real-time SEPA Instant settlement.
Through the partnership with BANCOMAT S.p.A., which operates Italy's most widely used payment network with over 40 million cardholders, Daevon merchants accept BANCOMAT Pay, the account-to-account method built on Italy's domestic banking infrastructure.
Real results with Open Banking PIS
Diagramma SRL
Insurance broker management software, since 1982
Solution
Daevon Open Banking's PIS service was integrated into Diagramma's broker platform: paylinks generate themselves and reach policyholders, who pay via IBAN with a SEPA Instant transfer confirmed in seconds.
Result
Premium collection is now instant and irrevocable, with processing costs down 65% and reconciliation fully automated via unique end-to-end references. Real-time visibility into payments has lifted broker satisfaction significantly.
Bosch
Global leader in technology and services, since 1886
Solution
With Daevon Open Banking PIS, customers authorise a SEPA Instant transfer from their own banking app: no card data ever passes through or gets stored, and PCI scope and chargeback risk disappear.
Result
Card payments, PCI compliance and chargebacks are off the table, while collection costs have dropped sharply. With no sensitive data to protect and no disputes to manage, security has risen accordingly.
The sectors that save the most with Open Banking
E-commerce & Retail
On high-value orders, where percentage fees hit hardest, you collect instantly without paying card processing fees.
SaaS & Subscriptions
Zero chargeback risk on recurring charges: a SEPA Direct Debit mandate pairs with automatic IBAN verification (AIS) and balance checks.
Marketplaces & Platforms
Collections and payouts to third-party sellers reconcile instantly, with full traceability and Verification of Payee (VOP) compliance.
Utilities & Billing
Minimal fixed costs and instant confirmation on mass collection of recurring utility payments, with IBAN Check validation built in.
Lower costs, zero chargebacks, instant collections.
PIS, AIS, VOP and IBAN Check working for your collections: see how Open Banking can change the way you get paid.
Frequently Asked Questions about Open Banking
Trova risposte alle domande più frequenti
Chiara
Daevon Support