Full Regulatory Compliance

All licenses required – As a BaFin-licensed payment institution, Novalnet offers legally secure and compliant processing of all financial transactions.

Insolvency-proof escrow accounts

Safe custody of the funds – It is ensured at all times that the funds are only paid out to the end customers for whom they are intended.

Virtual IBAN

Automated allocation of payments – Increased operational efficiency combined with security and transparency through dedicated IBAN

Fully compliant cashflow for cashback providers

With its insolvency-proof escrow accounts and BaFin licenses for the operators of cashback, bonus or loyalty programs, Novalnet processes all financial transfer transactions that fall under the German ZAG - simply and in full compliance with BaFin.

With its insolvency-proof escrow accounts and BaFin licenses for the operators of cashback, bonus or loyalty programs, Novalnet processes all financial transfer transactions that fall under the German ZAG - simply and in full compliance with BaFin.

Legally compliant payments for cashback, bonus and loyalty programmes

Providers of cashback, bonus and loyalty programmes must be legally compliant in the area of payments according to the German Federal Financial Supervisory Authority (BaFin). The receipt of funds from third parties (i.e. manufacturers) into the cashback provider’s own accounts and the payment of these funds from the cashback provider to the consumer are only permitted with the corresponding BaFin licenses (ZAG § 1 Abs. 2 Nr. 6). As a BaFin-licensed payment institution, Novalnet offers legally secure and compliant processing of all financial transactions for such business models as well as insolvency-proof and seizure-proof escrow accounts.

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Licensed & Compliant Payments

  • Regulated Payment Institution
    Fully compliant with all regulatory requirements
  • Secure Escrow Accounts
    Funds are stored in insolvency-proof and seizure-proof accounts even in the event of insolvency.
  • PCI-DSS Level 1 Certified – Our security measures ensure safe and encrypted payment processing.

Operational Efficiency

  • Direct integration into accounting and invoicing systems
  • Individual invoice and document creation in the name and layout of the respective customer
  • One-Click Payments and tokenisation for secure and easy transactions

Providers of cashback, bonus or loyalty programs should address the issue of ZAG compliance now at the latest if not already licensed by BaFin.

With Novalnet, these providers already have a reliable, easy-to-integrate and modular payment solution platform that meets all requirements of their business models. Let our experts advise you now, free of charge, on how easy it can be to achieve full compliance with ZAG.

Related Solutions

Escrow Accounts

Your funds are always safe, stored in an insolvency-proof escrow account until paid out to you –always right on schedule.
Learn more!

Virtual IBAN

Simplify your e-commerce payment and accounting processes along with the added security, transparency, and accounts allocation capabilities of virtual IBANs.
Learn more!

Tokenisation

Bring an additional layer of protection to your subscribers by using tokenisation to process recurring payments without transmitting user data.
Learn more!