Type of payments

Yapily Connect guidelines

PIS: Single Payments - Reverse Payments.

Definition

You initiate payment functionality from your customer's Open Banking accounts, leveraging the payment functionality provided in the Yapily API and request the bank to return the payer details to facilitate a refund if required.

Yapily Connect will retrieve bank data needed to facilitate this payment based on your request and provide this information (including the payer account information to facilitate a refund) to [Name of your app].

Data is securely accessed in read-only format and only for the purposes of this payment request. This request is a one off, you will not receive any other requests from Yapily Connect for this payment.

Yapily Connect Ltd is authorised and regulated by the Financial Conduct Authority under the Payment Service Regulations 2017 [827001] for the provision of Account Information and Payment Initiation services.

To easily set up payments from your bank to [Name of your app] , we are about to securely re-direct you to your bank where you will be asked to confirm the payment via Yapily Connect, an FCA regulated payment initiation provider for [Name of your app] Yapily Connect will share these details with your bank, where you will then be asked to confirm the following payment setup.

Payment total: [Amount]

Payee

  • Payee name: [Payee name here]
  • Sort code: [00-00-00]
  • Account number: [12345678]
  • Payment ref: [Any reference here]

This consent request is a one-off, you will not receive additional requests once completed.

Please read Yapily Connect PIS - Terms & Conditions

Yapily Connect logos

You will have to display a Yapily Connect logo in the consent page.

© 2020 Yapily Ltd. All Rights Reserved. Yapily Ltd company no. 10842280. Yapily Connect Ltd, a Yapily Ltd entity, is regulated by the UK Financial Conduct Authority under the Payment Services Regulations 2017 as an Authorised Payment Institution to provide account information services and payment initiation services (Firm Reference Number: 827001)