ai Corporation adds Mastercards Pay by Bank to its aiGateway

Tuesday 16 April 2019 10:40 CET | News

The ai Corporation (ai) has added Mastercard’s new Pay by Bank (PbBa) as an additional payment option on aiGateway, which is currently used by over 40,000 global merchants.

ai’s PCI compliant, omnichannel payment gateway, will include Mastercard’s PbBa as a new online checkout option. The solution will be available to all merchants and end users, alongside all existing card schemes, including Visa, Amex, Masterpass, Mastercard Instalments, and Apple Pay.

PbBa was created by Vocalink, a Mastercard company, and uses the information that the consumer has stored in their banking app to process payments, removing the need for a separate PIN, password or card number. Transactions take place instantly and the balance is immediately updated. Verification is handled by the user’s own banking app, which meets PSD2 standards and requirements for Strong Customer Authentication (SCA).

The two companies have been in a strategic partnership since 2015. The announcement extends both parties’ payment capabilities, across all customer contact channels, creating a unified experience.

For more information about Mastercard Payment Gateway Services, please check out a detailed profile of this company in our dedicated, industry-specific online company database.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: ai Corporation, MasterCard, Pay by Bank, aiGateway, merchant, Visa, VocaLink, Apple Pay
Countries: World