PAYMENTS & OPEN BANKING
MADE EASY!
Razon is a platform for payment acceptance and customer identity verification, built on Open Banking technology.
Open Banking lets third parties like Razon access bank account data directly, instantly and securely. Access is always based on the consent of the account holder.
Direct access to bank accounts lets us offer a streamlined way to accept payments as well as innovative account information services.
Open Banking is part of the UK's Payment Services Directive 2 (PSD2) implementation. PSD2 allows us to offer Razon throughout the EU and UK.
Razon is designed and built to empower you through its versatility and ease of use.
PAYMENTS
Razon can be added easily to any online payment journey. We also offer a 'Hosted Payments Page' that lets you collect payments with no coding, via any channel; web, chat, SMS.
Payments settle instantly, as Open Banking lets us move money directly from one account to another as soon as the payment is approved.
Payments via Razon offer a frictionless user experience, with no need for your customer to create an account with us. There are no numbers or passwords to memories, just 4 simple steps.
ACCOUNT VERIFICATION
Razon can be added easily to any online payment journey. We also offer a 'Hosted Payments Page' that lets you collect payments with no coding, via any channel; web, chat, SMS.
Payments settle instantly, as Open Banking lets us move money directly from one account to another as soon as the payment is approved.
Payments via Razon offer a frictionless user experience, with no need for your customer to create an account with us. There are no numbers or passwords to memories, just 4 simple steps.
PLATFORM FEATURES
DATA-RICH PAYMENTS
You can configure Razon to include further information with transactions, like customer identities and user account data.
CUSTOMISABLE
Let customers pay on page, in a ne browser window, or via a pop-up window (modal). You can also tailor the user interface to suit your brand.
INTUITIVE INTERFACE
Razon lets you manage payment and account information activity using our intuitive dashboard, or you can connect directly to your existing analytics systems via API.
DATA-RICH PAYMENTS
Razon uses existing banking infrastructure for authentication and payment approval, using exactly the same level of security as your customers' bank.
EASY INTEGRATION
Razon can be integrated seam- lessly, with a few segments of code. Utilise Razon in shopping cars or send payment requests directly to customers.
HOSTED PAYMENTS PAGE
Accept payments using a web-based payment page you can link to via any channel; online chat SMS or email.
WHAT MAKES RAZON DIFFERENT?
Razon is an end-to-end payment platform; it's ready to be used by your customers and offers a wide range of features. This is in contrast to developer focused Open Banking API services, which depend on you to provide the end-customer experience.
We offer complete customer journeys that have been tested and improved repeatedly, so we know they're quick and intuitive. You can configure these easily to display the way you want them to, and customise the appearance of the elements your customers see.
Configurability also plays into our dashboard, where you can tag and track custom data fields attached to your payments. You can also use our secure API to connect Razon payment data with your existing systems
You can use Razon to request payments, generating unique payment links to quickly and securely collect payment from customers. These can be sent by any channel, from online chat to SMS. This is great for invoicing.
SUBSCRIPTIONS?
RECURRING PAYMENTS?
Razon is a platform for payment acceptance and customer identity verification, built on Open Banking technology.
Open Banking lets third parties like Razon access bank account data directly, instantly and securely. Access is always based on the consent of the account holder.
Direct access to bank accounts lets us offer a streamlined way to accept payments as well as innovative account information services.
Open Banking is part of the UK's Payment Services Directive 2 (PSD2) implementation. PSD2 allows us to offer Razon throughout the EU and UK.
Razon is designed and built to empower you through its versatility and ease of use.
DISCOVER THE FUTURE OF PAYMENTS: SWEEPING AND VRP EXPLAINED!
INTUITIVE INTERFACE
- Transfer funds effortlessly between your ac- counts within the CMA9, the top FCA regulated banks in the U.K.
- Exclusive to accounts with the same name, en- suring a secure and seamless transaction.
- Utilize Third-Party Providers (TPPs) using Open Banking APIs for easy setup and consent.
HOW SWEEPING WORKS
- Set parameters to automatically sweep funds when your account hits a specified balance threshold.
- Example: "Sweep funds exceeding £100 when my balance reaches this limit."
- Stay in control of your finances with automated, rule-based transfers.
INTRODUCING VRP (VARIABLE RECURRING PAYMENTS)
- Revolutionize bill payments with VRP at merchant checkout pages.
- Enjoy live notifications for processed payments and manage all mandates effortlessly
- Set up or cancel mandates with just a few taps, empowering you to control your outgoings
BENEFITS OF VRP
- Financial Control: Receive live updates and mon- itor all mandates in one convenient place.
- Effortless Management: Set up or cancel man- dates with ease, eliminating the need for lengthy phone calls to customer centers.
Embrace the future of banking and simplify your financial transactions
with Sweeping and VRP!
VRP IS CURRENTLY SUPPORTED BY THE 9 LARGEST UK BANKS WHICH IS 76.1% OF ALL UK RETAIL ACCOUNTS
- AIB Group UK (trading as First Trust Bank in Northern Ireland)
- Bank of Ireland (UK)
- Barclays Bank
- HSBC Group (including First Direct & M&S)
- Lloyds Banking Group (including Bank of Scotland and Halifax)
