Pay by Bank: How Businesses Can Save Money and Reduce Fraud

Open banking is a new technology that allows banks to share customer data with third-party companies. This data can be used to create new and innovative payment products, such as pay by bank. Pay by Bank is a method of payment that allows customers to make payments directly from their bank accounts. This is done by using the customer's online banking credentials to authorize a payment. There are a number of advantages to using Pay by Bank. Firstly, it is more secure than traditional payment me