BNY Mellon Introduces Open Banking Payments Service


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BNY Mellon, in collaboration with Trustly, launched an open banking-based service for organizations to support consumer payments directly from bank accounts.

It is known as Bankify and is BNY Mellon’s transaction payments expertise with Trustly’s open banking capabilities.

It will allow the bank’s clients to offer end-users the ability to easily make payments directly from their bank accounts as an alternative to credit or debit cards and third-party payment platforms.

It is designed with a consumer-to-business payment flow approach that ranges from merchant payments to bill pay or account and digital wallet funding.

Read More: BNY Mellon launches open banking payments service

TalkFintech Bureau
TalkFintech Bureau
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.


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