The Code Payment product is used by businesses and organizations that may address to a Payment Service Provider of their preference, in order to collect debts through it. On the other hand, the provider’s customers execute payments, using the payment code number, without having to know the beneficiary's IBAN.
- Payment service provider can transmit payment to the service by file transfer or online message
- The beneficiary organization's IBAN can be used either for code payments only, or can be allowed to receive other credit payments
- The banks may enter into bilateral financial agreements
- The organization’s technical connection is through DIAS.
- Business/organization automated testing environment
