The eps e-payment standard is the interface into online payment systems of Austrian Banks for irrevocable payments, adopted by Internet-Shops as well
The eps Online-Überweisung is based on the online-banking of the buyer's bank and enables a simple and secure processing of e-payments over the internet. Merchants (e.g. online-shops, E-Government and public institutions) are using the standardized eps Online-Überweisung as online payment method. More than 2 Mio. bank customers can use eps e-payment immediatelly with their internet banking. It allows secure and comfortable online payments both for the merchant and the ordering customer. eps e-payment standard has been developed by STUZZA together with Austrian bank's, the Ministry of Finance (BMF) and the CIO (Chief Information Office, www.cio.gv.at) of the Austrian Government. The eps Online-Überweisung is based on the online-banking of the The eps e-payment standard is the technical standard for the eps Online-Überweisung: it is an open and standardized XML interface between participating merchants and businesses.