Letting consumers pay-by-bank reduces risk and costs for merchants. While banks may be wary of losing card revenue, supporting the feature could help them win business customers. Businesses are excited by an open banking-powered experience called pay-by-bank because it nixes credit card swipe fees and reduces their risk of fraud or chargebacks. “This is a […]
Tag: pay-by-bank
Pay-by-bank capabilities – which let consumers pay bills directly from their bank accounts without having to type in routing or account numbers – reduces risks and costs for merchants and can earn goodwill from consumers. Mastercard and JPMorgan just announced a new pay-by-bank product to let consumers pay bills directly from their bank accounts with […]