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Receive and issue your transactions with Treezor payment account

The payment account associated with an IBAN is a convenient financial service that allows businesses to obtain a dedicated account to collect and/or issue quick, secure and compliant transactions while simplifying the management of financial flows. Whether you are a fintech, a marketplace or a large company, the payment account gives you the means to innovate by automating your flows and to meet the growing expectations of your users in terms of immediacy and transparency. Find out how Treezor, as an authorized electronic money institution, can support you in setting up this service.

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What is a payment account?

A payment account can be opened via a payment institution or via an electronic money institution. This allows an individual or company to have an account with an IBAN without needing to go through a bank. In this case, a framework payment services contract is signed between the user and the establishment.

The payment account thus opened can only be used to carry out payment transactions (transfer, direct debit, card). It does not, for example, allow users to have a checkbook or be overdrawn.

The payment account with an IBAN allows you to efficiently manage day-to-day financial flows.

How does a payment account work?

How a payment account works is simple.

Transaction management: payment accounts allow you to receive various transactions: reception or issuance of transfers, reception or issuance of instant transfers, reception or issuance of core or B2B direct debits, receipt of card payments or issuance of a card. Transactions can also be made online or in-store.

2. Quick account creation for your users: each user or company can have one or more accounts. After opening the payment account, the holder receives a Bank Identity Statement (RIB).

3. Security and Compliance: all flows comply with regulatory requirements (DSP2, AML/CFT) to guarantee reliable, secure and compliant transactions.

In Treezor’s model, payment service provider agents access an API to submit their KYC or KYB, and open payment accounts subject to KYC validation. They play the role of intermediaries between Treezor and end users (individuals or companies). Agents benefit from complete outsourcing of payment services, and Treezor provides them with a set of tailor-made features depending on their project.

Thus, in this context, the Treezor client acts as an agent providing payment services, in accordance with article L. 523-3 of the French Monetary and Financial Code.

Why use Treezor to set up payment accounts?

Treezor is the ideal partner to easily integrate a payment account solution.

Recognized expertise & customization

Recognized for its expertise, Treezor offers flexible and fully customizable services to its partner companies. As a pioneer in the BaaS sector, Treezor has been supporting innovative companies for several years with the deployment of financial solutions adapted to their needs.

Security of funds

Treezor ensures that its clients’ funds are segregated and protected, in accordance with regulatory requirements. The funds collected are deposited into dedicated ring-fenced accounts opened with Societe Generale.

Security and compliance

As an Electronic Money Institution approved by the ACPR, Treezor guarantees compliance with European regulations, in particular DSP2, thus ensuring maximum security for transactions.

Robust and modular technology

Treezor’s open API allows businesses to easily integrate payment account functionalities into their own platform. This makes financial processes completely automated and customizable according to user needs.

Some use cases for a payment account

Payment accounts offer tailored solutions for different use cases, particularly in environments where financial transactions need to be fast and secure.

B2B Payment platforms

Facilitate business-to-business transactions with dedicated payment accounts for each customer or supplier. Automate payments, guarantee complete traceability and provide a smooth and secure experience for users.

Management of employee benefits

Centralize and redistribute funds for benefits such as meal vouchers, gift cards, culture cards, sports cards or mobility cards, with precise restrictions and full traceability of transactions.