Shieldpay to provide secure transactions for Vocalinks Pay by Bank app

Tuesday 30 January 2018 00:33 CET | News

Shieldpay has teamed up with Vocalink’s Pay by Bank app, a mobile payments services, to provide secure transactions to its customers.

Shieldpay’s payments network aims to protect buyers and sellers in any transaction by verifying the identity of all parties; funds are only released when both parties agree. The company enables users to create an instant digital escrow facility and aims to eliminate fraud in peer-to-peer payments.

Pay by Bank app is a new way to pay and it will be a deposit method available to Shieldpay customers, along with credit card, debit card and bank transfer. The app allows the customer to pay from their existing mobile banking app – an immediate payment that settles instantly, and has the added benefit for customers of being able to see their real-time balance whilst doing so.

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Keywords: Shieldpay, VocaLink, Pay by Bank app, mole payments, mobile banking, online banking, partnership, peer to peer
Categories: Banking & Fintech | Online & Mobile Banking
Countries: World
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Banking & Fintech

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