WHAT IS PAY BY BANK?
Pay by Bank is the rapidly growing category of Account-to-Account (A2A) payments, enabling money to move directly from one bank account to another — without card schemes and without unnecessary intermediaries.
Built on Open Banking (PSD2), Pay by Bank leverages licensed Payment Initiation Service Providers (PISPs) to securely initiate payments directly within the customer’s trusted banking environment.
HOW IT WORKS
Direct A2A bank transfers
Real-time or near-real-time settlement
Strong Customer Authentication (SCA)
No card rails involved
No chargeback exposure
Lower processing costs
Immediate payment confirmation
BENEFITS FOR MERCHANTS
- Faster checkout
- Reduced fraud risk
- Improved conversion
- Predictable settlement
- Future-proof acceptance strategy
BENEFITS FOR CUSTUMERS
Simple and intuitive:
“I pay directly from my bank account.”
THE STRUCTURAL SHIFT IN PAYMENTS
Pay by Bank represents a fundamental shift from card-based payments to bank-based payment rails. It removes friction, reduces dependency on card schemes, and enables direct, secure value transfer between bank accounts.
At IBANXS, we provide the infrastructure layer that enables secure, scalable and reliable A2A payments — powering Pay by Bank solutions across Europe.
The transformation is already underway.
Pay by Bank is not a trend — it’s the next evolution of digital payments.