The solution enables faster collections and lower costs through digital payment requests integrated into corporate systems
CBI is extending Request to Pay service to the corporate market through its community of participating PSPs, further strengthening its collaboration with EBA CLEARING and Nexi. This new solution introduces an advanced digital model for managing collections between businesses and their customers, enabling companies to send structured payment requests directly integrated into their enterprise systems.
Through Request to Pay, CBI enables PSPs to offer corporates the ability to send digital payment requests directly to customers across Italy and the SEPA area, leveraging the integration with EBA CLEARING’s R2P infrastructure service and Nexi’s technology. These requests are delivered through internet banking and mobile banking applications and can be paid in just a few clicks, without the need for manual data entry.
Request to Pay is already operational for payments to the Italian Public Administration, based on the same infrastructures developed by CBI. This new development confirms the functionality of the solution and its ability to address a broad range of use cases, from the public sector to the corporate world.
“Bringing Request to Pay to the service of corporates,” said Liliana Fratini Passi, Managing Director of CBI, “means providing a concrete tool to simplify and enhance the efficiency of collection and payment processes. Based on pan-European standards and real-time message exchange, this solution enables companies to strengthen control, improve traceability and increase the conversion rate of their payment flows, with real-time reporting. In a context where the market is increasingly calling for transparent, secure and controlled interaction models, the Request to Pay service also helps to reinforce trust in the collections and payments ecosystem, offering tangible protection to both consumers and corporates.”
The Request to Pay solution offers companies and citizens immediate and measurable benefits, including faster and more predictable collections, greater control over due dates, and reduced exposure to fraud and errors thanks to pre-filled data and timely notifications. The process keeps the payment request separate from the final authorisation, providing full visibility to the payer and greater certainty as to the requesting party.
In addition, the solution enables automated reconciliation that can be integrated into accounting systems, while reducing operational costs through process digitalisation and the elimination of paper-based workflows. These benefits help corporates optimize liquidity management, providing more granular visibility and supporting more efficient financial planning and cash-flow forecasting.
“We are proud to collaborate with CBI and the Payment Service Providers it serves to extend the benefits of ‘Request to Pay’ to new customer segments. Leveraging our R2P Service, Italian PSPs will be able to expand the value-added services they offer to corporates and their customers, both at a national and European level,” added Erwin Kulk, Head of Service Development and Management at EBA CLEARING.
Aligned with European standards and electronic invoicing processes, the solution enables new use cases in the cross-border space. Looking ahead, it is expected to enhance synergies with other digital payment services, such as CBILL.
“The extension of Request to Pay to the corporate world, in addition to strengthening our collaboration with two long-standing partners such as CBI and EBA CLEARING, represents a strategic lever to digitalize companies’ financial processes and enhance their efficiency and integration - commented Renato Martini, Digital Banking Solutions Director at Nexi Group - It is a convenient and secure service that, also thanks to our technology, enables more advanced management of payments between businesses and their customers, in line with our mission to provide innovative digital solutions capable of simplifying payment processes”.
With this development, Request to Pay further establishes itself as a key enabler in the transformation of collection and payment processes between businesses and their customers, making them simpler, faster and easier to control. More particurarly, the service represents a strategic building block within the European vision for more secure, interoperable and user-controlled payments.
