Open Payment Solutions Journey - FIS Global

MaxFinancial Controller

About Max
  • Company: Techno Marketing Agency
  • Job: Financial Controller based in Frankfurt
  • About Company: Mid sized company based in Frankfurt and Paris with 67 employees. Marketing Design Agency. Often do pitches and print up documents for clients and need fast turnaround.
Max's Challenges
  • Wants to streamline administration of payments.
FIS Solutions
  • Open Access and Payments as a Service (PaaS)

MaxFinancial Controller

Learn More
X About Max
  • Company: Techno Marketing Agency
  • Job: Financial Controller based in Frankfurt
  • About Company: Mid sized company based in Frankfurt and Paris with 67 employees. Marketing Design Agency. Often do pitches and print up documents for clients and need fast turnaround.
Max's Challenges
  • Wants to streamline administration of payments.
FIS Solutions
  • Open Access and Payments as a Service (PaaS)

Techno Marketing agency's bank promotes the services of several partner suppliers including PensRus a large stationery and printing company

Max, the financial controller for Techno Marketing, sees on his business banking portal that PensRus offers a discount for payments via open banking.

PensRus can now request payments directly from Techno's bank and don't need to wait for an invoice to be processed. One of Max's colleagues puts in an order with PensRus.

When Max is satisfied that the process is working well he can set up 'repeat consents'. He can see all of the consents that have been given in the bank portal.

Max has also given consent to his accounting service provider to access his account information.

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Open API’s
FIS PaaS and Open Access solutions empower payment providers to be on the leading edge of open payments, managing the three-way relationship between customers, third parties and themselves. The business bank agrees to promote PensRus' services to it's customers and offer payment initiation via PaaS. Learn More >
Open API’s
Techno's bank authenticates PensRus and confirms the consent with Max. Because Techno's bank uses FIS PaaS Open API service, he can nominate which account can be accessed and set maximum limits on transaction value and volume. Learn More >
Open API’s/ACH
PensRus initiates a payment from Techno's bank. Max confirms Techno's consent to his bank via the PaaS service. The transaction is also completed via the PaaS service using SEPA Instant Payments. Learn More >
Open API’s
If Max wants to revoke a consent he can log on to his business banking portal and using the PaaS service remove the permission. Learn More >
Open API’s
An automated feed from the business bank account via the PaaS service can now be integrated into the accounting service. This means much less administration and provides a real-time view of cashflow within the business. Learn More >
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