thanks for the feedback. companies that need to programmatically send payments via bank need a corporate bank account that allows them to send programmatic payment instructions. i'll make this more clear in the docs!

It's basically a collection of API standards for common messages to and between financial institutions. If you need to communicate a lot with your bank or banks generally, then you'll probably automate it through this standard, at least in Europe, I'm not sure about adoption elsewhere. Things like reading accounts, registering transactions, stuff like that. You can, for example, build a background job that does monthly consolidation of accounts against a pile of payment providers your customers use.

If you enjoy SOAP you'd feel right at home and likely have better tooling foundations already, if you don't you probably want a library like this one, at least when they've implemented SEPA support.

Relevant subthread: https://news.ycombinator.com/item?id=36805571