Direct Bank-to-BankPayment Processing
Secure & Cost-Effective: Direct payment solutions that bypass traditional card networks for improved efficiency, reduced costs, and enhanced security.
Bank-to-Bank Payments
Direct • Secure • Cost-Effective
How Bank-to-Bank Payments Work
Bank-to-bank payments let customers pay directly from their bank account. No cards, no card fees. We work with Fena.io, one of the UK's leading open banking providers, to make this happen. Customers authenticate with their bank, money moves directly between accounts, and you get paid faster with lower costs.
Everything stays secure because customers use their own bank's security. We're fully compliant with PSD2, GDPR, and FCA requirements. Since payments go straight from bank to bank, there's less fraud risk and customers trust the process because they're using something familiar - their own banking app.
The money settles instantly or the same day, which means better cash flow for you. Processing fees are lower because you're not paying card networks. Customers like it because they don't need to dig out their card - they just use their banking app, which they already have open most of the time anyway.
How It Works
- Step 1: Initiate Payment - Customer selects "Pay by Bank" at checkout and is directed to a secure interface.
- Step 2: Bank Authentication - Customer securely authenticates with their banking provider.
- Step 3: Instant Transfer - Funds are securely transferred with immediate confirmation.
Key Features
Lower Transaction Costs
Reduce payment processing fees by bypassing traditional card payment networks and their associated charges.
Enhanced Security
Utilize bank-level security protocols and authentication methods to protect sensitive financial information.
Faster Settlements
Benefit from quicker funds availability with real-time or near real-time settlement capabilities.
Improved Cash Flow
Access funds more quickly with faster settlement times compared to traditional payment methods.
Why Choose Bank-to-Bank Payments?
Cost Savings
Bank-to-bank payments cost up to 70% less than card payments. You're not paying interchange fees or card scheme charges. Chargebacks become less of a problem, and you don't need to spend as much on fraud prevention and monitoring.
Operational Benefits
Payments settle instantly or the same day. You get real-time confirmation when money arrives. Reconciliation is simpler because there's less to match up. And you can predict your cash flow better because you know when money's coming in.
See Bank-to-Bank Payments in Action
Watch our demonstration videos showing how customers can securely authenticate and complete payments using their mobile banking app, whether they're shopping on desktop or mobile devices.
Desktop Payment Flow
See how customers using desktop computers can seamlessly authenticate and verify payment requests through their mobile banking app.
Mobile Payment Flow
Watch the streamlined mobile experience where customers can complete the entire payment flow directly on their smartphone.
Technical Implementation with Fena.io
Our bank-to-bank payment solution is built on Fena.io's enterprise-grade open banking platform, providing direct connectivity to over 2,500 banks across the UK and Europe. This partnership ensures robust API performance, comprehensive bank coverage, and regulatory compliance.
2,500+ Banks
Connected across UK and European markets
99.9% Uptime
Enterprise-grade reliability and performance
FCA Regulated
Full regulatory compliance and authorization
Industry Applications
E-commerce & Retail
Reduce cart abandonment and processing costs with seamless bank-to-bank checkout options. Perfect for high-value transactions where card fees eat into your margins. Works great for online marketplaces, subscription payments, digital goods, and B2B platforms.
Financial Services
Handle instant fund transfers, loan repayments, and investment deposits with bank-grade security. Real-time settlement means money moves fast. Perfect for loan and mortgage payments, investment platform deposits, insurance premiums, and other financial transfers.
Professional Services
Get paid faster with instant bank transfers. Less admin work, better cash flow. Works well for legal and accounting firms, consultants, healthcare practices, and educational institutions.
Property & Real Estate
Handle large property transactions, rental payments, and deposits securely. Instant verification means less fraud risk. Works for property sales, rentals, commercial transactions, and property management.
Ready to optimize your payment infrastructure?
Join businesses that have reduced costs and improved efficiency with Paytia's Bank-to-Bank payment solutions.