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News and resources on payments systems, innovations and initiatives worldwide.

Seedrs implements Pay by Bank technology from Banked

Source: Banked

Banked Ltd (“Banked”), provider of a new payment method enabling consumers to pay from their existing mobile banking app, today announced the latest merchant to launch with their Pay by Bank technology.

Seedrs, Europe's leading private investment platform with over £1.8BN investments recorded to date, has integrated Banked’s Pay by Bank checkout solution into their platform, making investing easier.

Unlike other mainstream global payment methods, customers do not need to create an account to use Pay by Bank, or pass any login information to Banked - they simply choose their existing bank at checkout and are securely connected to their mobile banking app to biometrically authenticate the purchase. For Seedrs investors, it’s an ideal alternative to traditional bank transfers - there is no need to manually copy and paste bank account details, sort code or reference numbers into your banking app. The process is quick, safe and secure.

Banked provides a world class user experience with biometric authentication, taking security and privacy to another level. You can trust that you’re in safe hands with a secure connection to your banking app of choice. Your bank details are never shared with anyone and there’s nothing to log into, you’re just ready to go.

Joel Ippoliti, Seedrs Chief Product Officer commented:
“Our goal is to make equity investing simple and easy for anyone, and everyone. This means making the process as straight-forward as possible from the discovery of the right investment for them to the safe and secure payment of it. We’re taking the payments experience beyond what our investor community sees online today and Pay by Bank helps us do just that.“

Brad Goodall, CEO of Banked commented:
“We are delighted to be working with such a great brand as Seedrs. Our focus on delivering the highest quality end consumer experience, technical infrastructure and security, are a great match with the service Seedrs brings to their customers. We are excited to see the benefits this brings to their customers.”

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