Your bank. Your choice. Your control.
No payment details. No passwords. Just total control from your bank app.
Pay by Bank app is a new, easy-to-use payment method that lets customers pay online quickly and securely from their trusted mobile bank app, without having to enter payment details, create new accounts or logins, or remember any additional passwords.
Customers don’t need to download anything new. Pay by Bank app is automatically available once their bank has chosen to integrate the scheme and they’ll be auto-enrolled through a simple app update, so there’s no need to register to use it. Once integrated, it’s ready to use straight away.
If a customer uses Pay by Bank app with more than one bank app on their phone, they’ll get a choice of which one to open at the point of purchase. They can also set a default option.
Once the customer’s clicked the Pay by Bank app button on the Merchant app or website, they’ll be taken to their bank app to complete the payment. It automatically takes care of it securely and with a single click. No passwords, no logins, it’s just simple and secure.
Pay by Bank app is currently live.
• Pay by Bank app gives customers a quick, easy and secure checkout experience, helping to reduce basket abandonment at the checkout and maximise conversions.
• It also provides clear issuer liability, simple disputes handling and has only five chargeback codes.
• Plus, online fraud and its associated costs are near-eliminated, without the need for retailers to comply with PCI DSS or use 3D Secure.
Pay by Bank app was created in response to the growth in both mobile banking and mobile payments: around 22 million UK customers use their bank app regularly and over 50% of online purchases are made via mobile.
Pay by Bank app gives them an easy, secure way to pay through the bank app that they already use and trust.