American Express will launch account-to-account solution Pay with Bank later this year to UK consumers. Available through Open Banking APIs, the real-time option will allow users to make online payments without a card and securely view their current account balance. American Express already has agreements with firms including Hays Travel, JustGiving, Oak Furnitureland and Richer Sounds to add Pay with Bank to their online checkout options. The new feature is available for all US customers who have an existing account, but not those in other countries.
American Express will launch account-to-account solution Pay with Bank later this year to UK consumers. Available through Open Banking APIs, the real-time option will allow users to make online payments without a card and securely view their current account balance. American Express already has agreements with firms including Hays Travel, JustGiving, Oak Furnitureland and Richer Sounds to add Pay with Bank to their online checkout options. The move follows similar initiatives by rivals Mastercard and Visa.