Ping Payments AB Technical Documentation

Introduction

Welcome to the Ping Payments AB Technical Documentation. This guide is meticulously designed for integrators (tenants) from various sectors, such as marketplaces, charities, sports clubs, and associations, who are looking to leverage our advanced payment solutions. This documentation not only serves as a detailed technical manual but also highlights Ping Payments AB's innovative capabilities, making it an informative resource for tech leaders exploring comprehensive payment solutions.

Key Features of Ping Payments

Ping Payments AB excels in:

1. Acquiring: Efficient processing of payments from one or multiple sources.
2. Escrowing: Securely holding funds in compliance with financial regulations, facilitated by our client funds license.
3. Payouts: Distributing funds accurately and reliably to various entities, including sports clubs, charities, companies, or individuals.

Payment and Payout Methods/Partners

Overview

Ping Payments AB, as a licensed payment institution under the supervision of the Swedish Financial Supervisory Authority (FI), collaborates with a range of partners to facilitate diverse payment and payout methods. This flexibility allows us to cater to the varied needs of our tenants, ensuring efficient and secure transactions.

Payment Providers

Our key payment providers, integral to our payment processing services, include:

• Swish: A popular mobile payment system in Sweden, known for its simplicity and speed.
• Bambora: A global payment processor offering a range of payment solutions.
• Bankgirot: A critical component of the Swedish payments system, facilitating efficient bank transfers.

Partners

In addition to payment providers, we collaborate with partners that enhance our services and compliance capabilities:

• Pliance: Specializing in anti-money laundering solutions, enhancing our compliance capabilities.
• Open Payments: Provides open banking APIs, allowing access to a broad spectrum of financial institutions.
• Fortnox: Known for its cloud-based business software, it integrates seamlessly with our payment solutions.

This network of providers and partners ensures that Ping Payments AB can offer a comprehensive suite of payment services, from traditional methods to innovative digital solutions, accommodating the unique requirements of marketplaces, charities, sports clubs, and associations.

Use Cases

Our platform is adept in handling a variety of payment scenarios:

• Multi-to-multi, one-to-many, and many-to-one payments.
• Regulatory-compliant escrowing.
• Dynamic and static distribution.
• Programmatic payment flows, offering what we term 'programmable money'.

Technical Specifications

Ping Payments provides:

• A comprehensive Payments API.
• A dedicated KYC API for customer verification.
• A versatile Payment Links API, inclusive of checkout and invoicing solutions.
• All APIs are HTTP/REST accessible, supplemented with a C# SDK for efficient integration.

Security and Compliance

Ping Payments is committed to top-tier security standards, under the regulatory supervision of the Swedish Financial Supervisory Authority (Finansinspektionen), ensuring full compliance and secure transaction handling.

Integration Process

Our integration approach is highly collaborative, involving:

• Technical Startup Onboarding Meetings.
• Provision of Sandbox access for safe testing.
• Direct communication channels via Slack for real-time support.
• Regular workshops to optimize payment flows.
• Seamless transition from Sandbox testing to live deployment.

Support and Continuous Collaboration

After integration:

• Ongoing support via standard communication channels.
• Opportunities for continued collaboration on feature enhancements and joint projects.
• Regular updates and interactions with payers and payees facilitated by the tenant.

Staying Informed

Keep abreast of the latest developments and features with our regularly updated changelog, accessible on our website.