# Initiate Payments
source: https://developer.mastercard.com/open-banking-connect/product/pis_productinfo/index.md

### Features and benefits {#features-and-benefits}

![One off payments](https://static.developer.mastercard.com/content/open-banking-connect/img/product/one_off_payments.svg)

###### One off payments {#one-off-payments}

Enable your customers to initiate a single immediate payment using Mastercard's Open Banking' one-off payment API
![Future dated payments](https://static.developer.mastercard.com/content/open-banking-connect/img/product/future_dated_payments.svg)

###### Future dated payments {#future-dated-payments}

Offer customers the means to initiate future dated payments, plan ahead or commit to future payments using Mastercard's API
![Recurring payments - UK](https://static.developer.mastercard.com/content/open-banking-connect/img/product/recurring_payments_uk.svg)

###### Recurring payments - UK {#recurring-payments---uk}

Provide your customers with the benefit of alternative means for setting up standing orders
![Various payment options](https://static.developer.mastercard.com/content/open-banking-connect/img/product/various_payment_options.svg)

###### Various payment options {#various-payment-options}

Alternative payment rail to cards
![Efficient payments](https://static.developer.mastercard.com/content/open-banking-connect/img/product/efficient_payments.svg)

###### Efficient payments {#efficient-payments}

Faster access to funds
![Single connection](https://static.developer.mastercard.com/content/open-banking-connect/img/product/single_connection.svg)

###### Single connection {#single-connection}

Simple customer experience -- no entering card details, simple set of clicks

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### How it works {#how-it-works}

This is just one example of how Open Banking Connect brings one off payment initiation to life. Numerous uses for this API can be found in the Use Case section. Additionally, an example is available in the case study for one of major clients in the UK.
![](https://static.developer.mastercard.com/content/open-banking-connect/img/product/payment_journey_1i.png)

Merchant enables Open Banking check-out through SDK. Customer selects 'Pay by Bank' as the payment option.
![](https://static.developer.mastercard.com/content/open-banking-connect/img/product/payment_journey_2iii.png)

The customer selects their bank and gives permission to the PISP to initiate the payment. Consent ID is captured by Mastercard.
![](https://static.developer.mastercard.com/content/open-banking-connect/img/product/payment_journey_3i.png)

The customer authenticates themselves using the Bank's existing authentication method.
![](https://static.developer.mastercard.com/content/open-banking-connect/img/product/payment_journey_4i.png)

Available accounts/balances are displayed and the customer selects the preferred account. Amount and destination are automatically populated by the Open Banking API.
![](https://static.developer.mastercard.com/content/open-banking-connect/img/product/payment_journey_5i.png)

The customer is automatically redirected back to the merchant's App and provided with a reference number.

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### Use cases {#use-cases}

![Pay my credit card](https://static.developer.mastercard.com/content/open-banking-connect/img/product/pay_my_credit_card.svg)

###### Pay my credit card {#pay-my-credit-card}

Paying a credit card often requires the customer to jump between apps, resulting in a poor experience for the customer and a high cost for Third Party Providers (TPPs) due to the use of card payment. Using the Open Banking Connect API, TPPs have the potential to provide customers a means of paying their credit card in one consolidated app, saving the TPP on transaction costs and delivering a better customer experience.  
![Collect university fees](https://static.developer.mastercard.com/content/open-banking-connect/img/product/collect_university_fees.svg)

###### Collect university fees {#collect-university-fees}

Universities are able to use Open Banking Connect to collect course fees and membership fees. Most, if not all students, have mobile phones with them at all times which makes the option of Open Banking payments very suitable for them. Payments through Open Banking are easy and seamless - making use of the SmartPhone biometric authentication, all information is pre-populated and the University receives the relevant payment references.
![Pay myself](https://static.developer.mastercard.com/content/open-banking-connect/img/product/pay_myself.svg)

###### Pay myself {#pay-myself}

Notifications on overdrafts and other payments often require the customer to leave a TPPs app to go to their main banking app. Over time this increases the potential for the customer to stop using the TPPs app, resulting in a drop in customer engagement for the TPP. Leveraging the Open Banking APIs, TPPs can bring payment capabilities to their customers, helping maintain customer engagement, whilst giving customers a more joined up payment experience.

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### How our clients use Open Banking {#how-our-clients-use-open-banking}

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### Resources {#resources}

Payment Initiation Services

Open Banking Connect enables TPPs to quickly and easily connect to Open Banking Payment Initiation Services (PIS) provided by Account Servicing Payment Service Provider (ASPSPs).

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**Used
By** Financial institutions, merchants, tech companies. **Regions** Any European Union (EU) Third Party Provider (TPP) connecting to select banks in Poland and UK.