Token.io + Tranzify

What the integration covers

Token.io in the Tranzify catalogue covers Open Banking (UK) and Open Banking (EU, PIS): the payer confirms the transfer in their banking app, and the money moves from account to account with no card and no chargeback. The countries are the United Kingdom, Germany and France; the settlement currencies are GBP and EUR. The operations are pay-ins and payouts: a payout goes to the recipient’s bank account by the same account-to-account transfer. Refunds and recurring payments are not part of this integration; a client that needs refunds over the same rails routes them to TrueLayer or Volt.

How a client enables it

A Tranzify client, a licensed PSP, acquirer or fintech, opens an account with Token.io under its own licence and contract; the funds arrive on the account the client nominates with Token.io. The client enters the Token.io credentials in the terminal settings in the Tranzify back office, adds the terminal to its routing rules and cascades it with other providers of the same methods, TrueLayer, Yapily or Volt, so that a payment or payout that fails with one provider is retried with another. Tranzify routes every payment, verifies the Token.io callbacks before a status changes, journals every attempt and result and calls the merchant’s webhook. The integration is enabled on the client’s request and is built and tested against the Token.io sandbox before the terminal goes live.