Swift to let banks pre-authorise funds for later purchases
Swift has published a new open banking API standard that “allows a payer’s bank to earmark funds for a purchase in advance, guaranteeing that the future payment will be honoured”... More
Swift has published a new open banking API standard that “allows a payer’s bank to earmark funds for a purchase in advance, guaranteeing that the future payment will be honoured”... More
Swift publishes new ‘Pay Later’ API standard — Swift — “By selecting Pay Later at the point of purchase, customers are provided with available loans from their banks; they can then select and initiate a loan, knowing that the funds can immediately be credited to the merchants and items dispatched. By offering the Pay Later option, merchants are in turn able to offer a wider variety of purchase options and to reach a wider consumer audience, whilst still ensuring surety of payment.”