Smart Payment Agreements

Like mini smart contracts with big benefits for payments that are
Recurring
Automated
Subscriptions
Unattended
Ongoing
Recurring
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“Our partnership with Paypa Plane will help us to innovate faster and better respond to our customers’ needs. We’re looking forward to working together to deliver an exceptional payment experience for businesses and consumers.”
Commonwealth Bank's Group Executive Business Banking
Mike Vacy-Lyle
The Commonwealth Bank of Australia Logo
“Our partnership with Paypa Plane will help us to innovate faster and better respond to our customers’ needs. We’re looking forward to working together to deliver an exceptional payment experience for businesses and consumers.”
Commonwealth Bank's Group Executive Business Banking
Mike Vacy-Lyle
The Commonwealth Bank of Australia Logo

So what exactly is

A Smart Payment Agreement

A Smart Payment Agreement offers all of the benefits of a smart contract, right-sized for everyday automated payments.

A Smart Payment Agreement means businesses can safely stop micromanaging their recurring revenue and grow it instead whilst payers can successfully start managing their automated payments.
TLDR:
Small Smart Contract
Comprehensive payer portal
More growth, less admin
Structured & safe
Mutual payment protection
More successful payments

Strong Payer Authority

We make sure we verify who the payer is and capture their strong consent to the payment agreement structure.

We record and log those things securely on the proprietary Smart Payment Agreement event timeline.

Agreement Guardrails

Before any payment is sent for processing, the Smart Payment Agreement checks that it is in-line with the payer authority.

Even if the payment method changes, the agreement tracking continues. This protects both business and the payer from mistaken payments.

Smart Functions

Businesses can set automations for reconciliation, customer care, failed payment recovery (such as our Grace Period and Recovery features) and automated reporting.

Payers can view their entire Smart Payment Agreement schedule and history. They can self-manage their active payment method and, if the business rules allow, pay in advance, self-manage payment days, and agree to additional payments.

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Welcome to Smart Payment Agreements

A Smart Payment Agreement offers all of the benefits of a smart contract, right-sized for everyday automated payments.

A Smart Payment Agreement means businesses can safely stop micromanaging their recurring revenue and grow it instead whilst payers can successfully start managing their automated payments

They manage, govern and safeguard each payment under the agreement and protect both business and payer from fraud, mistaken payments and manual payment management costs.

Smart Payment Agreements make sure that every automated transaction carries enduring authority under the agreement before it is processed, and that both business and payer have access to a range of functions – all aimed at amping up the successful ongoing payments.

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Strong Payer Authority

A business sends a Smart Payment Agreement to their Payer

The Payer verifies their details and authenticates themselves.

The Payer authorises and agrees to the Payment Agreement Structure with their preferred payment method. The agreement structure can be fixed or flexible.

These actions are securely logged on the Smart Payment Agreement timeline.

Agreement Structure & Guardrails

Before any payment is sent for processing, the Smart Payment Agreement checks that it is in line with the Agreement Structure (including the checking the value collected over time) and that Strong Customer Authority is valid.

No payment that breaches the Agreement Structure will be processed – this protects businesses and payers from fraud or disputes.

All payments are logged on the Smart Payment Agreement Timeline

Smart Payment Agreements – Smart Functions

Through the life of the Smart Payment Agreement, payers and businesses can use a range of smart automations and features

Businesses can access automations for reconciliation, customer care, failed payment recovery (such us our Grace Period and Recovery features) and automated reporting.

Payers can view their entire Smart Payment Agreement schedule and history. They can self-manage their active payment method and, if the business rules allow, pay in advance, self-manage payment days, and agree to additional payments.

References

Software platform for running your new internet business

Who's behind us

Our Shareholders

These corporates understand and have committed to Smart Payment Agreements as the future of ongoing payment standards.

APN, Fintech Australian and PCI badges
FINNIES 2021 Winner
Paris Fintech Forum Winner
Lord Mayors Business awards Finalist
Women in Digital Finalist
APN, Fintech Australian and PCI badges
FINNIES 2021 Winner
Paris Fintech Forum Winner
Lord Mayors Business Awards Finalist
Women in Digital Finalist
For Operations

Customise Smart Payment Agreements for your needs and eliminate the need to micromanage payment processes.

For Finance

Prioritise cash-flow and significantly reduce costs associated with recurring payment management.

For Customer Success

The payer portal delivers transparency, self-management capabilities and an industry-leading customer experience.

For Technology

Built on our proprietary events-driven system, Smart Payment Agreements can be accessed via rich APIs or a fully serviced white-label platform.

For Security & Compliance

Paypa Plane maintains SOC 2 Type 2 and ISO27001 accreditation and meet even the most stringent of vendor due diligence requirements.

Bank Grade Resilience

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Bank Grade Resilience

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Bank Grade Resilience

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat.