News

Trustly and Point & Pay partner to optimise government payments with Open Banking

Wednesday 4 June 2025 09:54 CET | News

Trustly, a global provider of Pay by Bank solutions, has partnered with Point & Pay, a payment processing provider, to optimise government payments with Open Banking integration.

Point & Pay is using Trustly’s Pay by Bank tools to enable single sign-on with banks, offering an optimal method for paying government obligations and reducing the occurrence of returned checks.  

Trustly and Point & Pay to optimise government payments

By integrating their technologies, Trustly and Point & Pay verify bank accounts in real-time, using customers' online banking credentials through single sign-on. This process confirms routing information and the availability of funds, which is expected to improve payment success rates for both customers and government agencies. It offers an augmented accuracy compared with legacy e-check and ACH workflows. Additionally, Trustly’s process is secured by a patented split-token security process that is safer than traditional methods that require manual entry of account information. 

Trustly’s Pay by Bank solution is fully aligned with the Consumer Financial Protection Bureau’s (CFPB) Section 1033 ruling on Open Banking. This CFPB 1033 compliant payment solution uses Open Banking connectors to authenticate and verify accounts, ensuring that Trustly’s Pay by Bank solution delivers a transparent and user-friendly experience while meeting the growing demand for secure, frictionless government payment workflows.   

More updates about Trustly

In May 2025, Trustly agreed with Sabre Direct Pay to expand the availability of its Pay by Bank solution across the travel sector in the UK and Europe. 

Through the arrangement, Sabre incorporated Trustly’s account-to-account payment technology into its offering for travel agencies operating in the region.  

Sabre, a US-based travel technology provider, operated one of the largest global distribution systems (GDS), which supplied tools and infrastructure to a wide network of travel agencies. By integrating Pay by Bank functionality, Sabre aimed to expand its range of accepted payment methods, enabling travel providers to offer bank transfers as an alternative to cards. 


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: partnership, Open Banking, payment methods
Categories: Payments & Commerce
Companies: Point & Pay, Trustly
Countries: World
This article is part of category

Payments & Commerce

Point & Pay

|

Trustly

|
Discover all the Company news on Point & Pay and other articles related to Point & Pay in The Paypers News, Reports, and insights on the payments and fintech industry: