Why do we need a Proxy Directory?
A token-to-account translation service enables secure and seamless mapping between user-friendly proxies—such as phone numbers, email addresses, or unique aliases—and underlying account numbers within a financial system. By decoupling sensitive account information from external identifiers, this service not only enhances user convenience and privacy, but also supports interoperability across various banks and payment platforms, paving the way for faster, safer, and more intuitive digital transactions.
What are the business benefits of using a Proxy Directory?
Customer Convenience and Experience: Enables users to send and receive payments using easy-to-remember proxies (like phone numbers or emails), rather than complex account numbers, reducing friction and errors in digital transactions. Security and
Privacy: Protects sensitive account details by allowing customers to transact using proxies, minimizing the risk of fraud and unauthorized access to personal banking information.
Regulatory Compliance: Facilitates compliance with regulations such as PSD2 and GDPR by centralizing proxy management, consent, and audit trails, ensuring secure and auditable data handling.
Interoperability and Ecosystem Integration: Supports seamless payments between different banks and fintech platforms, driving network effects and enabling participation in national or international payment schemes (e.g., PayID, Bizum, Zelle).
Operational Efficiency: Reduces the need for manual mapping or reconciliation of account details, streamlining backend processes and lowering operational costs.
Innovation and Differentiation: Provides a foundation for new financial products and services (such as alias-based payments, virtual accounts, or digital wallets), helping organizations differentiate in a competitive market.
What is the PagoNxt Proxy Directory Service?
A Payment Proxy Directory Service acts as an intermediary layer in financial transactions, allowing users to make payments without the need to directly share sensitive information like account numbers. It maps proxies (e.g., email addresses, phone numbers) to actual financial account details, enhancing security and convenience.
Using this service enables our customers to:
Proxy-to-Account Lookup Translate a user-friendly proxy (such as phone number, email, or alias) into the underlying account value (e.g., IBAN or account number).
Flexible Proxy Querying Retrieve proxies based on various criteria such as owner, alias, alias type, or the stored account value.
Proxy Lifecycle Management Create, update, and verify the existence of proxy records, supporting the full lifecycle of proxy data.
Audit Trail for Proxy Actions Record and access audit logs for all significant proxy-related events, ensuring traceability and compliance.
Secure and Authenticated Access Protect endpoints with authentication and authorization mechanisms, ensuring only authorized parties can access sensitive operations.
Integrated API Documentation Provide interactive API documentation via Swagger for easy integration and testing.
Batch and File-Based Proxy Updates Support for batch or file-based proxy management (e.g., via SFTP), enabling bulk updates and integrations with external systems.
For more technical information on this service please see