Token.io Expands Pay by Bank with UK's First New Payment Scheme in Nearly 20 Years

Your edge starts with Pay by Bank

Lower costs

Pay by Bank cuts processing and operational costs to a fraction of traditional payment methods.

Grow your business

Deliver a new, in-demand payment solution. Offer conversion-boosting Pay by Bank in 21 markets.

Expand your solution

Quickly expand your Pay by Bank solution to new markets. Enhance resiliency and boost performance with an industry-leading partner.

Connecting you to the future of Pay by Bank

A complete solution

High conversion payment flows. Feature-boosting settlement accounts. Self-service dashboard. All in one powerful platform.

Unrivalled acceptance

Reach more payers in more markets. Initiate payments to over 567 million bank accounts in the UK & Europe with our unrivalled Pay by Bank network.

Flexible licencing

Use our plug-and-play payment flows to go to market faster with licensing as a service (PISP/AISP, UK/Europe) for open banking-based payments.

Growing as a popular alternative to card payments, Bank Payment is a cost-effective, secure and real-time payment solution for merchants and issuers.

Processing over $150 billion in annualised transaction volume, Paysafe is a global payment platform with more than 25 years of experience serving merchants and consumers across key digital commerce sectors.

Computop is a global payments company and the leading payment service provider in Germany with 38% market share and customers across Europe. The Paygate platform enables integrated payment processes for e-commerce merchants, with payments totalling $30 billion annually.

With Open Banking now an industry mega trend, and adoption of A2A payments accelerating, Token.io’s technology is a valuable addition to our platform.

Stephan Kück

Geschäftsführer / CEO

Prommt enables merchants to request, collect and track remote payments with secure payment links via any channel, including email, text, chat, and messaging apps. For Prommt's merchant customers, apart from payment flexibility, Pay by Bank significantly reduces payment operational costs, incidences of fraud, and processing times.

Donal McGuinness

Chief Executive Officer

As a complement to its open banking payment offering, Ecommpay has also partnered with Token.io to offer Settlement Accounts in the Netherlands, Spain, France, and Ireland. Ensuring local settlement options, Settlement Accounts help Ecommpay eliminate the risk of IBAN discrimination (which can slow down payment settlement) and facilitate faster acceptance of funds through SEPA Instant.

We are thrilled to extend our virtual accounts offering to more markets, building on our existing partnership with Token.io. By providing businesses with local IBANs and seamless payments, we are reinforcing our commitment to improving the customer experience.

Moshe Winegarten

Chief Revenue Officer

PAY BY BANK INFRASTRUCTURE

Powering leading Pay by Bank schemes and unrivalled open banking connectivity.

Convert with confidence

An all-in-one gamechanger

Customise

Your checkout, your brand. Customise Pay by Bank flows and easily embed them into any experience, channel, or device.

Verify

Instantly verify bank account ownership for faster, easier KYC — all included as part of our standard Payments product.

Grow

See results faster with dedicated consultancy and collaborative growth services.

Payouts

Streamline operations and reduce costs with automated, instant refunds & payouts via UK/EU settlement accounts.

Request

Give merchants more control with flexible, reusable Pay by Bank Links.

Boost

Boost conversions with our innovative Account on File feature — at no extra cost. Removes up to 2 steps from Pay by Bank flows.

Users pay or deposit in a few clicks with fingerprint or face ID. In some markets, users can set up Pay by Bank once and pay again with one click.

Seamless meets secure

Every channel

Quickly and easily launch Pay by bank for e-commerce, point of sale (POS), or chat, with flexible and reusable Pay by Bank Links and QR.

Every device

Seamlessly switch from desktop to mobile with QR for faster authentication (fingerprint or face ID).

Bank-grade security

Every payment is authenticated directly with a bank, with SCA built in to minimise fraud. Never share or store sensitive payment data.