Open Banking

Open Banking is a redirect payment system.
See chapter Redirect payment systems

Open Banking is a payment method based on the payment initiation service. It is based on open banking technology and enables the customer to securely log into their bank account using their standard credentials and method to initiate a direct payment. The payment is authorized through their bank’s default approval method like one-time password (OTP), fingerprint, or facial recognition.

<SOAP-ENV:Envelope 
  xmlns:SOAP-ENV="http://schemas.xmlsoap.org/soap/envelope/" 
  xmlns:etp="https://www.mpay24.com/soap/etp/1.5/ETP.wsdl"
  xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
    <SOAP-ENV:Header/>
    <SOAP-ENV:Body>
        <etp:AcceptPayment>
            <merchantID>{{merchantID}}</merchantID>
            <tid>OPENBANKING-EXAMPLE</tid>
            <pType>OPENBANKING</pType>
            <payment xsi:type="etp:Payment">
                <amount>1000</amount>
                <currency>EUR</currency>
            </payment>
            <successURL>https://www.yourdomain.at/succ.php</successURL>
            <errorURL>https://www.yourdomain.at/err.php</errorURL>
            <confirmationURL>https://www.yourdomain.at/confirmation.php</confirmationURL>
        </etp:AcceptPayment>
    </SOAP-ENV:Body>
</SOAP-ENV:Envelope>

<?xml version="1.0" encoding="UTF-8"?>
<SOAP-ENV:Envelope xmlns:SOAP-ENV="http://schemas.xmlsoap.org/soap/envelope/" xmlns:SOAP-ENC="http://schemas.xmlsoap.org/soap/encoding/" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:etp="https://www.mpay24.com/soap/etp/1.5/ETP.wsdl">
    <SOAP-ENV:Header></SOAP-ENV:Header>
    <SOAP-ENV:Body>
        <etp:AcceptPaymentResponse>
            <status>OK</status>
            <returnCode>REDIRECT</returnCode>
            <mpayTID>10534387</mpayTID>
            <location>https://connect.sandbox.aiia.eu/start/storage-v1-payments/1ec67d4b-e414-49ca-a033-06e3573a737a</location>
        </etp:AcceptPaymentResponse>
    </SOAP-ENV:Body>
</SOAP-ENV:Envelope>

Payment method type	Available in	Supported currencies
redirect payment	Germany	EUR

Properties

Redirect	Refund	Partial Refund	Reversal	Chargeback	Recurring	Payout
YES	YES	YES	NO	NO	NO	NO

Advantages

Payment security: The customer authenticates on their bank site, so there is no confidential data shared between the merchant and the customer.
Increased customer confidence: The customer does not need to go to any unknown portal to make the payment, and hence the possibility for a successful transaction is higher.
Speed: Payments are typically faster than traditional methods due to the fact that the open banking rails are used.
Supported by many banks in Germany