American Express taps Open Banking for account-to-account payments

24 septembrie 2019

American Express is to move into the account-to-account space, enabling UK consumers to pay for goods and services online and on the go, directly from their bank account, according to

Set for launch later this year, Pay with Bank transfer will be a real-time payment option available via Open Banking APIs to current account holders at UK banks, regardless of whether they are American Express Cardmembers.

The move acts acts as a bulwark against the incursion of account-to-account payments into the credit card business, mirroring similar recent initiatives by rivals Mastercard and Visa.

American Express has so far struck deals with Hays Travel, JustGiving, Oak Furnitureland, Richer Sounds, Royal Lancaster London hotel, and Thai Airways, who will each add a Pay with Bank transfer button to their online checkout options.

Consumers will be able to make online payments without a card to hand, view their bank current account balances prior to confirming payment, and will benefit from bank-level data security.

Dan Edelman, vice president, American Express, says: „Pay with Bank transfer reflects our commitment to delivering choice for UK consumers and businesses through new ways to pay. We’re excited about Open Banking and the benefits this product will provide to both consumers and merchants.”

Adauga comentariu

Cifra/Declaratia zilei

Nic Marius Balaceanu – Founder & CEO Lendrise

„For more than a week now, ScoreRise enrolls daily hundreds of users through an innovative facial recognition interface. Enrollment takes less than a minute and it does not require presence of a human operator or video recording. And, of course, it stays fully GDPR compliant with help from Reff & Associates and Deloitte Romania.”

Romania este ultima tara membra UE care nu a transpus in legislatia romaneasca Directiva europeana revizuita a serviciilor de plata (PSD2). Cand credeti ca se va intampla totusi acest lucru?
49 votes · 49 answers