insic 1-cent real-time bank transfer

In our series of articles about the relevant services for the technical implementation of German and international compliance requirements for the gaming market, we start with the SCHUFA identification process. Within this process, the access PIN is transmitted to the user in real time by means of the 1-cent transfer.

insic 1-Cent Transfer in real time for the automatic transmission of the access PIN in the SEPA process

The insic 1-cent real-time bank transfer transfers the access PIN in accordance with the JMStV and GlüStV in the background.


After the SCHUFA IdentityCheck, SCHUFA BirthdataCheck and SCHUFA Account NumberCheck the access PIN is automatically transferred to the user’s account. The user confirms the PIN from their home banking client in the insic widget or via the insic API.


Exclusively with insic:

• Processing of individual bookings up to massively parallel deposits for large volumes
• Processing via bank-side sub-accounts for large transaction volumes
• 24/7 processing on public holidays and weekends including automatic bank statement processing
• Processing of returned credits and incorrect transfers
• Notification of changed account numbers in the banks’ relocation service

Transactions are settled via your contract with insic.


Your advantage:

You receive reliable and secure access to the system of the public financial institutions of the German Sparkassen as the largest financial group in Europe.


Reach your largest user group with direct bank interactions. Important: Every account holder of German banks and their transactions are checked according to GWG and ZAG!

You unload your accounting department and reliably process bank data even at weekends.


We ensure maximum transaction security. The advantages of a fully automated SEPA procedure combined with strong HTTPS encryption as part of the latest EBICS standards.


Benefit from our experience in transferring large volumes of payment transaction data using the secure SEPA procedure!

Outlook

In the next episode, we will describe the insic Basic Module, which provides the central functions for managing the insic platform.