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 providers of outstaffing platform services

For large projects, companies often conclude a contract with a single outstaffing platform, that in turn coordinates other sub-service outstaffing providers. BaFin now requires the corresponding licenses in accordance with ZAG for the necessary payments.

For large projects, companies often conclude a contract with a single outstaffing platform, that in turn coordinates other sub-service outstaffing providers. BaFin now requires the corresponding licenses in accordance with ZAG for the necessary payments.

Features & Benefits

Novalnet makes it easy for outstaffing platform providers to focus on their core business. 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. Thanks to numerous plug-ins, they can seamlessly integrate the Novalnet payment platform into their digital ecosystems – from ERP systems to accounting or project management tools.

Compliant Payments for Outstaffing Platform Providers

  • Full Regulatory Compliance -All necessary authorizations from BaFin according to German law (ZAG)
  • Secure Escrow Accounts-Funds are stored in insolvency-proof and seizure-proof accounts.
  • PCI-DSS Level 1 Certified – Our security measures ensure safe and encrypted payment processing.

Operational Efficiency

  • Virtual IBAN for operational efficiency through automatic allocation of funds
  • Direct integration into accounting and invoicing systems
  • Individual invoice and document creation in the name and layout of the respective customer
  • Tokenisation and one-click-payments for operational efficiency of recurring payments

In addition to the necessary BaFin licenses and escrow accounts, Novalnet offers another decisive advantage: With Novalnet, the providers of outstaffing platform services have a reliable, easy-to-integrate and modular payment solution platform that meets all regulatory and operational requirements of payments related to 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!