SIA, a European technology company in payment services and infrastructures, said they are ready to enable banks, corporates, public administration bodies and fintechs for the new service ‘Request to Pay’ (R2P).
R2P will be carried out on the European Bank Authority (EBA) clearing technology infrastructure, which is compliant with the European Payments Council scheme.
According to SIA, R2P is an innovative payment method that allows a beneficiary to send a request in real time, through different digital channels, to a payer who can then approve and execute the operation.
It is an especially useful, convenient and flexible service to manage payment transactions, even one-off payments, between companies, organisations and individuals with advantages in terms of security, efficiency and transparency, SIA revealed.
The new service by EBA Clearing is integrated with the digital platform SIA EasyWay, created to support financial institutions and other payment service providers at the European level in the management of cloud-based payments.
Additionally, it works to facilitate the consolidation of instant payments and the development of innovative open banking services introduced by the Payment Systems Directive 2 (PSD2).
With the new solution, it will be possible to use the R2P service to meet the needs of the industry participants who will be able to develop dedicated use cases for their end users, SIA affirmed.
Roberta Gobbi, director of sales Italian region at SIA, commented: “With the launch of R2P by EBA Clearing, SIA will further strengthen the value proposition of innovative services for the development of digital payments at European level, thus contributing to the creation of an ecosystem in which all the actors - from banks to corporates, to the public sector - can implement new business models, also thanks to the opportunities offered by PSD2 regulations.”
