How does it work?

How Fintecture works

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Written by Fintecture
Updated over a week ago

Fintecture is a payment solution for companies wishing to collect funds via immediate transfer.

This solution relies on the API technology of banks to connect directly to them and initiate a 100% secure payment, without intermediaries. The payer makes his payment from his bank space in a few seconds.

Payment path

When a payer pays for an order by immediate transfer on a partner merchant site, or via a payment link, he/she arrives at the Connect (payment interface) where he/she must select his/her bank:

Then, he/she will be redirected to his fully secured banking space, where he will have to authenticate himself:

After, a payment summary displays, the payer finalizes his payment directly from his bank space, without entering the merchant's IBAN: everything is already pre-filled for the client (amount, transfer order, wording). A strong two-factor authentication will be necessary to validate the payment (via the banking app on smartphone or code by SMS):

Payment validated! The payer is redirected to the merchants' environment with a confirmation page:

Once the payment validated by the customer, the merchant receives an immediate confirmation and can process the order instantly: the payment is irrevocable, so the payer cannot cancel the transfer. He will receive the funds on his account within 10 seconds (rather rare) to 24 hours.

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