Pay with Bank transfer will be a real-time payment option available to Current Account holders at UK banks, regardless of whether they are American Express Card members. American Express is partnering with a number of merchants to launch Pay with Bank transfer on their UK ecommerce sites later this year. These merchants cross multiple industries and include Hays Travel, JustGiving, Oak Furnitureland, Richer Sounds, Royal Lancaster London hotel, and Thai Airways.Leveraging Open Banking regulation, Pay with Bank transfer will enable merchants to receive instant payments from all major UK banks’ Current Account holders. Consumers will be able to make online payments quickly without a Card to hand, view their bank current account balances prior to confirming payment, and will benefit from bank-level data security.
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