Pay with Bank transfer is a new payment method powered by American Express Payment Services Limited, an authorised provider of the payment initiation service (PIS).
This service allows customers to pay for any purchase made on a website directly from their bank’s current account to the business’s bank account. American Express powers the connection between the website and the bank by using the Open Banking platform, enabling a customer to log-in to their online bank account, check their amount balance and confirm the bank transfer.
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