Drinks and Beverages 2.0

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AIS and VRP Consents
VRP Payment

Inspiration

We want to help suppliers businesses move away from cash transactions, helping them getting money in a safe, secure and reliable digital process, while providing flexibility to customers to control their spending.

What it does

We've build a prototype of a Drinks and Beverages supplier who's customers are small business owners of Cafes, Restaurants and Bars that place orders regularly and would like to have flexibility in their ordering patterns, while still having control on the spending limits. Avoid need to store cash and exclude any risk for delivery person to travel with lots of cash at the end of the day. Managing such supplier - customer relationships is expensive and non reliable.

We bring Digital KYC and Account Verification by using Open Banking to streamline the Supplier Onboarding process, and Variable Recurrent Payments to grant reliable funds collection to supplier while providing explicit Controls to the Customer.

How we built it

Salt Edge joined forces with a licensed PISP to deliver real business solution. We've validated the Ozone API capabilities to provide AIS information to simulate the Digital Supplier onboarding and VRP capabilities to build a "PULL"- like mechanism for Supplier-Customer one click payments (within specified limits) and the Single Payment model for everything above the agreed VRP limits to simulate a non-pattern one time purchase from a Customer. We used Ruby on Rails framework to prototype a B2B Marketplace and Heroku to simulate possibilities of Continuous Delivery into a Cloud infrastructure.

Challenges we ran into

Biggest challenge we've met was missing Multi-Authorizers capabilities of Ozone API, as real-life businesses rely on it for any medium size enterprise and above. The second one was receiving a detailed Customer Profile based on AIS Consent information because Live Open Banking APIs deliver only Legal Name of the account holder.

Accomplishments that we're proud of

Building a viable model on top of Open Banking AIS and PIS flows to simplify the Supplier Onboarding and One Click Payments (VRPs) to streamline the Customer user experience and provide a reliable and secure funds collection procedure, excluding risks from the equation.

What we learned

We learned that VRPs should not be limited to only Sweeping use-cases and mandating them to be supported by all ASPSPs and EMIs that are providing payment accounts will improve and provide great basis to move towards Open Finance, where any industry would be able to interact seamlessly while keeping customer data safe and providing reliable payment instruments.

What's next for Drinks and Beverages 2.0

Scaling this model with a real Beverages supplier as a POC on UK Market and later on rest EU markets when PSD2 APIs will become ready to support VRPs.