CoopID
Online payments straight from a bank account, with no card. Balances and balance confirmations through online banking.
The buyer chooses to pay from their account
- Online shop
- Public institution
- NGO
Signs in to online banking
- No card
Pays straight from the account
- Individuals
- Companies
The payment is confirmed
- Merchant
- Buyer
Features
What CoopID does
A collaborative system between banks, merchants and public authorities.
Card-less payments
Bank customers pay online straight from their account, through online banking.
Balances and confirmations
Account balances and balance confirmations, without visiting the bank.
Account information
An overview of accounts held at several banks.
New customers for merchants
Including companies, which usually have no cards on their accounts.
Benefits for everyone
Buyers
- Fast search for products and services
- Fast delivery of digital products
- Virtual auctions and online meetings
- More competition, better prices
Merchants
- A new distribution channel
- Reach customers in rural or remote areas
- Lower prices on some goods
- Public services such as healthcare and education
Companies
- Faster communication
- Lower processing and distribution costs
- Closer ties with suppliers and customers
- Alternative sales channels
In general
- No geographic limits
- Accessible from any device
- Fewer intermediaries
- Reduced or eliminated inventory
Who it is for
E-commerce
One more payment method, for customers without a card.
Public institutions
Modern online collection of taxes and fees.
NGOs and fundraising
Recurring donations straight from a bank account.
Modules
AML module
A modular solution that digitises the whole path of a risk alert – from data gathering and classification to reporting, blocking or watch lists.
Debt enforcement module
Tracks recovery files from amicable settlement through to enforcement – documents, collections, costs and reporting.
Contracts module
Generates loan contracts, integrates with the core system and seals documents published for signing.
COOPID – a project funded by the Competitiveness Operational Programme 2014-2020
Starting on 28.06.2017, TGS SOFTWARE SRL, in partnership with Ingenios SRL, ran the 24-month project “COOPID – Cooperative Digital Identity Management System”, funded through the Competitiveness Operational Programme 2014-2020, Priority Axis 2 – Information and Communication Technology (ICT) for a competitive digital economy, Action 2.2.1 – Supporting the growth of added value generated by the ICT sector and innovation in the field through cluster development. The total project value was RON 4,825,730.48, of which the eligible non-reimbursable amount was RON 3,674,729.50: RON 2,939,783.60 from the ERDF and RON 734,945.90 from the national budget.
CoopID aimed to create a collaborative system between banks, merchants and public authorities that would offer new services to individual users (as online shoppers or as taxpayers to state and local budgets) and simplify access to online platforms.
The project addressed the general objective of the Competitiveness Operational Programme, which seeks to contribute to the overall objective of the Partnership Agreement by supporting research, development, innovation and ICT for competitiveness and growth. Through the innovative activities carried out in the project, TGS Software not only improved its research, development and innovation capabilities but also expanded its portfolio of innovative ICT-based products, leading to higher company productivity in the medium and long term.
Project co-financed by the European Regional Development Fund through the Competitiveness Operational Programme.
The content of this material does not necessarily represent the official position of the European Union or the Government of Romania.
For detailed information about other programmes co-financed by the European Union, please visit www.fonduri-ue.ro.
Security and compliance
We work with the data of banks and financial institutions. That is why our processes are certified and we meet all cybersecurity requirements, including NIS2 and DORA.
Certified
ISO/IEC 27001
Information security
Certified information security management system: financial institutions’ data is protected by independently audited controls.
Certified
ISO 9001
Quality management
Certified quality management system for developing, implementing and supporting our applications.
Compliant
NIS2
Directive (EU) 2022/2555
We meet NIS2 requirements for network and information system security, risk management and incident reporting.
Compliant
DORA
Regulation (EU) 2022/2554
We meet the DORA requirements that apply to ICT service providers and support you in meeting your own digital operational resilience obligations.
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