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Open banking

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Third Parties


If you are a Third Party Provider offering AISP services and are interested in testing with Avant Money please contact us at: admin@avantmoney.ie and we will get back to you with further details.


Avant Money has partnered with Token.io (UK) to provide and support the Avant Money open banking and dedicated access requirements.

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What is Open Banking

PSD2 also gives you the option to securely share your online payment account information with authorised providers you trust known as third party providers (TPP’s). This is known as Open Banking. If you choose to, you can share your online credit card data with one of these providers.

If you do not wish to share your data with one of these providers then you do not have to do anything, therefore you are always in control.

Is it safe to share my data with a TPP?

Yes. One of the key areas of PSD2 is introducing increased security for customers. A TPP will be regulated in the same way that a Bank is, and so must follow the same laws to keep your information safe and secure.

I don’t want to share my data with anyone; do I have to opt out of these changes?

I don’t want to share my data with anyone; do I have to opt out of these changes?

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API overview
Token provides a global open banking API solution that connects easily with an institutions existing infrastructure, the SDK provides the tools you need to get started with Token’s sandbox.

Accounts API
Our Accounts API’s will enable you to access account information, account balances and transactional history on customer accounts.

Our Accounts endpoints provide data for account balance and transactions with various statuses, including:

Transactions that have fully posted - This data is fully posted to our accounting system and reflects all transactions that have been fully processed on the dates specified.

Transactions being processed - An example here are card payments recently carried out at a point-of-sales (POS) terminal or on-line but have not yet been processed to the customer’s account.


Our endpoints are:
AccountService.getBalance:
https://developer.token.io/bank-integration/#account-balance17


AccountService.getTransactions:
https://developer.token.io/bank-integration/#transaction-history

 


Quarterly comparison table
01/07/21 - 30/09/21

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Metric
AISP
PSU
Performance
(speed of response in milliseconds)
3435
4730
Availability
(% time systems are up)
99.99%
99.6%

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Further information on the API’s offered by Avant Money and how to access both Sandbox and Production environments can be found at: https://developer.token.io/docs