IP payment services provider

Secure worldwide payment transactions

PAVIS Payments is the first IP payment services provider that has been officially approved to provide an IP payment service.

PAVIS Payments GmbH

Licensed payment provider in the field of IP

PAVIS Payments GmbH was established in 2018 as a subsidiary of PAVIS GmbH to provide compliant payment services for PAVIS GmbH clients.

Following the approval of the German Federal Financial Supervisory Authority (BaFin) for PAVIS to provide a payment service, all payments ordered from PAVIS Payments are made in accordance with the extensive requirements of the European Payment Service Directive II, PSD II 2015/2366, for the regulation of payment services and payment service providers in the European single market. This directive resulted in the amendment of the Payment Services Supervision Act (Zahlungsdiensteaufsichtsgesetz, ZAG) in Germany and came into force on 13 January 2018. PAVIS Payments ensures that all payments are handled at all times compliant with statutory requirements and in accordance with the highest security standards.

Of course, PAVIS Payments also offers its compliant payment service to clients of other IP service providers.

Official approval for conducting a compliant payment service

Maximum security for your payments

In January 2020, PAVIS Payments GmbH became the first service provider in the field of intellectual property management to be granted an official license from the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) to provide a payment service. This approval was necessary to make any payment transactions between PAVIS Payments GmbH’s clients and the respective patent and trademark offices around the world fully compliant with statutory requirements.

Compliance requirements are regulated by the Payment Services Supervision Act (Zahlungsdiensteaufsichtsgesetz, ZAG), which has been in force since 31 October 2009 and is based on the first EU Payment Services Directive of 2007. On 13 January 2018, the new EU Payment Services Directive, PSD II, was implemented into national law in Germany.

PSD II is the directive for the regulation of payment services and payment service providers in the European single market and is being implemented by all EU states over time. The heightened security measures for European payment transfers are to prevent financial crime, money laundering and financing of terrorism. Furthermore, PSD II is intended to strengthen consumer protection, promote innovation and increase competition in the market by removing obstacles to the cross-border provision of payment services.

Only a fully compliant payment service provider will be able to receive and maintain a licence to provide a payment service. Only a licensed payment provider will give its clients peace of mind that they enjoy the highest possible level of protection for their payment transactions - not only in the single European market, but also worldwide. PAVIS Payments customers also benefit from clearly structured and fully transparent processes as well as a fully secure flow of money.

Prepared for the future

Secure processing of regulated payment services

Previously, PAVIS GmbH has made payments in the name and on behalf of third parties to renew patents and trademarks worldwide. In order to continue to provide payment services in compliance with statutory requirements as per the new EU Payment Services Directive PSD II, PAVIS Payments GmbH was established in 2018 for handling all future regulated payment services in the field of IP.

From 1 July 2020, PAVIS GmbH transfers regulated payment services with all associated rights and obligations to PAVIS Payments GmbH.

PAVIS Payments sets the standards

and creates benefits for PAVIS clients

Compliance

PAVIS GmbH & PAVIS Payments GmbH ensure 100% compliance with statutory requirement

 

  • Regulated financial institution
  • Annual external third party audits
Transparency

Preventing money laundering and terrorism financing

 

  • Transaction monitoring
  • Customer due diligence
Security / Risk reduction

Non-payment and insolvency protection

 

  • PAVIS liquidity guarantee
  • Trust accounts
  • Automation of essential payment processes

Seamless interaction of PAVIS and PAVIS Payments

Established procedures guarantee trouble-free operations

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1 | PAVIS: From first consultation to placing an order

In a free initial consultation, we discuss all relevant details such as size of portfolio, current use of IP software, current handling of payments. Based on the information gathered, we prepare a detailed proposal tailored to our clients’ exact requirements.

2 | PAVIS: Processing the order

Following transfer of client data, we conduct plausibility checks, send test reports and discuss the results. Our PAVIS experts give assistance and advice regarding any data correction and cleaning which may be required. After an order has been placed for payment of annuities or renewal fees, PAVIS as an intermediary instructs PAVIS Payments to handle the payment on behalf of the client.

3 | PAVIS Payments: Payment of fees

At that point, PAVIS Payments reliably takes care of timely worldwide payments. The processing of the payments is subject to the highest security and quality standards in accordance with the strict requirements for compliance with the relevant EU directives. Official or unofficial confirmations such as certificates, payment notes or order confirmations are then forwarded to the client by PAVIS.

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4 | PAVIS: Final processing and confirmation

Any confirmations and documents are forwarded to the client for checking and safe-keeping by PAVIS, as per our usual practice.

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