Bank on file, next-generation recurring payments
Create fixed or variable payment experiences that maximise customer lifetime value,
all while cutting operational costs.
Pay securely from your bank app - no card needed. Learn more
Set up complete
Build payment experiences designed for the future
Failed payments break your relationships with your customers, and you might not ever get the chance to fix them. Bank on file makes things simpler for you and your customers
With Bank on file, cut failed payments, keep cash flowing smoothly, and take the hassle out of operations. The result? Happier customers who stick around longer.
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The future of recurring payments, in a single API.
Our orchestrated API streamlines the best payment technology into one seamless integration, scaling with you when new innovations arrive.
We intelligently route your transactions through the optimal payment rail, combining the security of Direct Debit with the instant, flexible power of Variable Recurring Payments (VRP).
At TrueLayer, we’re not just using the next wave of payment technology; we are creating it. We work closely with regulators and partners across the industry to push the boundaries of VRP, shaping a more innovative and resilient payments ecosystem for everyone.
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Use-cases for any industry
Subscriptions
Bank on file subscriptions do things differently for your customers. We’ve made them easy to set-up, highly visible, and easy to cancel. So simple, flexible payment plans are now the new normal.
Money management
Whether customers are saving, repaying loans or topping-up accounts, we’ve sped up the process while keeping it simple. Our seamless API moves funds in real-time and deposits immediately.
One click
With long-living mandates we can simplify payment experiences to a gratifying ‘one-click’, which customers love using. Conversion rates go up and customers keep coming back.
Split payments
You can now cost-effectively offer customers the opportunity to spread their payment into multiple instalments. That’s good for business and a great customer experience too.
The new normal for merchants
No missed-payments
Card payments will fail due to lost or expired cards. Bank on file connects straight to your customer's bank account, guaranteeing less frustration for them and no missed payments for you.
Exceptional conversion
Traditional recurring payments are painful for customers to set up. Bank on file saves customers time by removing manual data entries, and verifying ID in one simple first-payment experience, transforming conversion rates.
Flexible payments
Bank on file gives customers the checkout choice they want. From fixed plans to variable payments, you get to give your customers the freedom to organise the best plan for them.
Lower costs
We eliminate dependencies on cards, bringing you efficient alternatives to card-on-file setups. Bank on file subscriptions and split payments cost less per transaction, and you can prevent failures by confirming customers have funds before taking payment.
A next generation experience for your customers too
Easy to set up
With smart engineering and beautifully designed user experiences, we give your customers a refreshingly simple setup experience. We cut out the manual input time associated with traditional recurring payments.
Easy to manage
Customers are wary of 'subscription traps,' where details are hard to see or cancel. Our payment plan details are highly customisable in customer bank apps, helping them take control of budgeting decisions.
Increased security
Bank on file does not depend on cards. So the associated fraud risks are much lower. And through open-banking, biometric security is seamlessly integrated into a simple sign-up process.
Built in protection
Both Variable Recurring Payments and Direct Debit technology offer built-in merchant and customer protections. This means customers feel reassured that funds will not be taken in error, helping build confidence.
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 15 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.
Powerful add-ons keep your business nimble
Turbocharge your business operations and build brand equity with tools and data that help you know your customer, streamline experiences and give you real time visibility of transactions.
User Incentives
Pay by Bank boosts business. Research shows more than 80% of customers would try Pay by Bank with a compelling reward.
Learn more
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Pay securely from your bank app - no card needed. Learn more
Recurring Payments integrate effortlessly
We’ve made integration with Recurring Payments as simple as it can be. Our powerful single API can be installed in minutes and you can be up and running in no time.
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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 it’s 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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Get started
Talk to us
Our teams are on hand to advise and answer your questions.
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