What is Neonomics and what has payments completed with Kivra to do with it?

Neonomics is a Norwegian provider of account information and payment initiation services (“Payment Initiation Service Provider, PISP”). Neonomics holds the authorization required by the EU-wide PSD2 Payment Services Directive to offer payment services. Neonomics is supervised by the Financial Supervisory Authority.

What services does Neonomics offer to Kivra users?

Neonomics provides account information and payment initiation services (“Payment Initiation Service, PIS” and “Account Information Services, AIS”). In Kivra, this means that Neonomics enables Kivra users to make account-to-account payments (PIS) within the service. To carry out a payment initiation, an account information service (AIS) is used, which retrieves the source account number from the user’s selected bank with the user’s consent.

Using payment initiation services (PISP), Kivra users can pay invoices received in Kivra directly from their bank accounts via bank online services (“PIS transfer”) in accordance with the EU-wide PSD2 Payment Services Directive (Directive (EU) 2015/2366). The production of payment initiations complies with the EU PSD2 directive as well as national legislation: the Payment Services Act (Act 898/2017) and the Payment Institutions Act (Act 890/2017).

Further information can be found in Kivras general terms and conditions.