The additional IRIS Proxy Lookup service uses the SEPA Instant Credit Transfer Scheme and allows Payment Service Providers' clients to execute instant credit transfers using a cell phone number or tax identification number as an alias, instead of the beneficiary’s IBAN.
- Instruction received from originator through e-banking or mobile banking by selecting the IRIS payment logo, without using the beneficiary's IBAN, but using a cell phone number (natural person) or the beneficiary's tax identification number (business)
- Daily maximum amount debited to originator's account
- Beneficiary is notified by the provider when the account is credited by e-mail, sms or other type of message on mobile or internet banking
- Originator is notified of instruction status
