Pay by Bank launched by MultiP …

Thanks to Electronic Payments International for publishing details on our latest Pay by Bank press release. In this article readers will learn valuable insights into MultiPay’s innovative payment solution, Pay By Bank, which aims to transform in-store transactions by directly processing payments from customers’ bank accounts. The article highlights the key features and benefits of this new payment method, as well as the strategic partnership between MultiPay and Acquired.com.

One key takeaway is the significant cost-saving potential for merchants. Pay By Bank eliminates interchange and scheme fees, increases acceptance rates, and minimises exposure to fraud, ultimately boosting profitability. This information is particularly valuable for businesses seeking to optimize their payment processes and enhance their bottom line.

Furthermore, readers will understand the seamless and convenient nature of the Pay By Bank solution for both merchants and consumers. With no additional downloads required, customers can easily select Pay By Bank at the checkout, scan a QR code, and authorise the transaction through their mobile banking app. This streamlined process enhances the overall shopping experience, potentially leading to increased customer satisfaction and loyalty.

The article also underscores the importance of leveraging cutting-edge technologies in the payments industry. By prioritising innovation and collaboration, MultiPay and Acquired.com have developed a groundbreaking solution that leverages Open Banking rails to revolutionise point-of-sale transactions. This highlights the significance of staying abreast of technological advancements and embracing partnerships to drive industry-wide change.