Verification, in 3-clicks not 3 days
Customer verification in the past has meant time-consuming form-filling. Not any more, our powerful Verification add-on does all the checks required in 3-clicks instead of 3 days, keeping payment experiences seamless.
You’re verified
Fed up of identity-fraud complicating user-experience?
Whether you’re fighting fraud from identity theft, verifying identities as good-practice or following strict industry regulations, it’s no secret that verification processes can be time consuming, costly and often hinder new-user conversion rates.
Legacy ways of verifying bank accounts, like requesting bank statements and micro-deposits, are no longer fit for purpose. Their security is questionable, they’re prone to errors, and they take forever. This results in complicated payment experiences and poor conversion figures. So, we set about solving customer verification for good.
All you need is as-if-by-magic Verification
Our Verification add-on is an innovative product that uses bank security together with our name-matching logic, so we can verify customer accounts in seconds.
All the Know Your Customer (KYC) and Anti-Money-Laundering checks happen automatically in real-time, in the background, without disturbing the user experience.
So, you benefit from heightened security without any added friction whatsoever. So, beautifully seamless payment experiences mean your customer conversion rates will shoot up.
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All the Verification tools you need
Name verification
We crosscheck your user’s name with the account holder to confirm the details are correct. In the UK we add an extra layer of security with Confirmation of Payee (CoP) services.
Account verification
Utilising open banking technology, customers verify their account instantly using the simple and convenient biometric authentication in their bank app.
Suspense accounts
Our unique security feature temporarily holds funds so they’re inaccessible to merchants and customers until age or name verification is complete. If it fails, customers are refunded.
Verification keeps payments and payouts instant
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Instant, Verified Payments
Pay by Bank plus Verification takes all the friction out of onboarding. Combine customer verification with their first payment to instantly safeguard your business whilst keeping your customers experiences streamlined.
Instant, Verified Payouts
Our Verified Payouts solution takes out all the complexity and cost, getting money where it needs to be safely, and in an instant. It means customers can enjoy their funds without delay and keep spending.
Join Europe’s leading Pay by Bank network
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Join our Pay by Bank network and connect to Europe’s leading network. That’s 12 million shoppers, with a new user joining every 3 seconds. We process almost half of all UK Pay by Bank transactions, with a 20+% uplift in first-time user conversion for shoppers in our network.
In the UK alone, Pay by Bank transactions have more than tripled over the past three years, reaching 23 million monthly payments in 2024. With higher volumes of customer data, we ensure your user journeys are brilliantly optimised, turning every shopper into a loyal customer.
We make Pay by Bank easy to integrate for everyone
Whatever your team’s technical capability, we’ve got simple and tailored ways for you to plug in and get going.
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Ready-made UIs for apps
We’ve designed and tested beautifully optimised user experiences for mobile. Customers love our easy, friction free mobile payment experiences. Find SDKs for iOS, Android and React Native.
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Ready-made UIs for browser
If your customers arrive through a browser, we’ve got highly optimised user experiences for either embedded or hosted payment pages too.
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Easy plugins & libraries
Pay by Bank is optimised for WooCommerce, Shopify and Magento. Our library helps you speed up and simplify integration with our tried and tested shortcuts in Java, PHP, C# and Javascript/Node.
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A powerhouse console
Console helps you kickstart product integration in easy steps. It arrives with your merchant account set up for you, so you can move at pace and start taking payments immediately.
Console puts you in the driving seat
Ready to put your foot down? Console is brilliantly organised with all the tools and you need to accelerate your business. Breeze through billing, reconciliation breakdowns and download reports from an intuitively designed dashboard. Provide customers with refund updates and payment statuses, all from the one ultra-efficient hub.
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The integration with TrueLayer was faster than the lastminute.com team expected.
Read the case studyNicola Bettari,
Fintech and Payments Director
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We decided to work with TrueLayer based on the quality of the team and the capability they possess.
Read the case studySheraz Dar,
CEO
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Our integration partner was always highly available and responsive, always keen to jump on a call whenever we had an issue.
Read the case studyAndrew Witzenfeld,
CTO
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Our team helps keep your business flowing
Whatever technical support you need, our friendly team is here to help. As a venture backed business we’re hyper-focused on your success and can work at speed to help you meet your goals.
We have dedicated integration sales managers who are experts in your industry. They lock on to your business needs and proactively scope the best products and features and run tests to ensure you hit the ground running. They rally to meet your targets and troubleshoot any issues along the way.
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Talk to us
Our teams are on hand to advise and answer your questions.
Explore TrueLayer for your industry
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Ecommerce
Pay by Bank is the digital-first payment product revolutionising checkouts. We’re seeing a head-turning 90% of shoppers returning after only using it once.
Travel
Pay by Bank can help you drive conversion rates, build brand loyalty and offer a more secure way to pay.
Want to learn more about bank account verification?
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Introducing Verification API – from 3 days to 3 clicks
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How does open banking benefit businesses?
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Is open banking safe?
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