Open banking payments are quicker, easier and more secure than card payments. You don’t have to key in your card details manually or trust a website to store them for you.
- Simply select your bank from a list of more than 11,000 US domestic banks and credit unions.
- and approve the purchase with your face ID or fingerprint (the merchant can’t store your payment details). This virtually eliminates fraud.
- Settlement of funds is faster compared to credit cards (instantly compared to 1-3 days)
- Conversion rate at checkout is 40% better than credit cards, because Open Banking apps were designed for digital and for mobile users.