Pay by Bank is a solution built on open banking infrastructure and APIs. It allows your customers to authorize single use payments from their preferred bank account, on your platform. Using their bank's mobile app or web platforms they can securely authenticate the payments.
This can be offered alongside traditional payment options, for example as an alternative to credit card payments. This allows you to avoid card processing fees or the need to save and process your customer payment details.
Integrating this solution is speedy with pre-built components which adhere to open banking standards
