Starling Bank taps Pay by Bank app for mobile boost
Teaming is pleasing to Starling Bank as it reveals another partnership with the use of VocaLink’s Pay by Bank mobile payment app for its customers.
This development follows quickly on from the challenger bank cosying up with Moneybox to give its customers access to a suite of saving and investing tools. In fact, it was only last month that Starling spread its wings by welcoming the first customers through its digital doors to join a beta testing programme.
Starling says the Pay by Bank app lets customers make real-time payments directly from their existing mobile banking app on their smartphone or tablet. The bank is not replacing its existing app but putting Pay by Bank’s version into its own app – as with its Faster Payments button.
Julian Sawyer, COO of Starling Bank, adds that the app’s token technology means “financial data never leaves the customer’s banking app during a transaction, staying safe and secure”.
The bank states there is no need to download anything, no new passwords or logins to remember and customers can see their current account balance every time they pay.
Meanwhile
In a separate and recent deal, Pay by Bank mobile payment app will also soon be available to customers of HSBC and its subsidiary, First Direct.
HSBC and First Direct join Barclays, Bank of Scotland, Halifax, and Lloyds Bank, who have all signed up for the app.
Rajiv Garodia, MD of Pay by Bank app, says it now has “six of the UK’s biggest financial institutions, alongside a growing number of retailers and merchant acquirers”.
