IXOPAY as a Technical Service Provider under PSD2

Payment platform forwards transactions to PSPs but does not access or control the funds
December 09, 2019 | Expertise

Our clients use the payment orchestration platform IXOPAY to forward inbound transaction details to online payment service providers like banks and other acquirers. Such transaction forwarding makes it possible for merchants to process purchases, manage risk and flow strategies, and more.

Our payment platform controls the stream of information between merchants and multiple PSPs but not the actual transfer of the funds. In this sense, and as defined in Article 3 litera j in the Payment Services Directive (PSD2), IXOPAY acts as a technical service provider: we support the provision of payment services, without entering into possession of the funds to be transferred at any time.

We are proud to be the choice of licensed financial institutions for managing payment transactions. IXOPAY must, thus, fulfill the strict licensing requirements of the Austrian Financial Market Authority and is subject to its audit activities. 

In addition to PSD2data protection law applies to IXOPAY's services. The PSPs connected to our payment orchestration platform independently determine which data to process for carrying out the transfer of funds. In rendering their services, PSPs perform their contracts with their customers (i.e., our clients’ merchants) and, thus, act as controllers under data protection law.

"IXOPAY must fulfill the strict licensing requirements of the Austrian Financial Market Authority and is subject to its audit activities."
Jakob Geyer
Legal Counsel at IXOLIT Group


IXOPAY is a Payments Orchestration Platform enabling independent, flexible and global payment processing. As a highly scalable and PCI-DSS certified “Fintech Enabler”, IXOPAY fulfills the needs of large merchants as well as those of “White Label” clients: Payment Service Providers (PSPs), Acquirers and Independent Sales Organizations (ISOs). The modern, easily extendable architecture offers smart transaction routing & cascading, state-of-the-art risk & fraud management, fully automated reconciliation and settlements processing, comprehensive reporting as well as plugin-based integration of Acquirers, Payment Service Providers and Alternative Payment Methods (APMs).

IXOPAY is part of the IXOLIT Group, founded in Vienna, Austria in 2001. With local entities in Austria and the USA, IXOLIT supports national and international customers across various industry verticals. The owner-led and -financed company has grown from 2 to more than 65 employees and is focused on building innovative solutions for eCommerce.

Please find more information about IXOPAY here.

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