Pay by Bank app is very simple and works just as you would expect it to; when you want to check-out online you tap the Pay by Bank app button, your Starling Bank banking app opens automatically and you login just as you usually would. Once securely logged in, you can see how much you are paying and to whom you are paying the money. You can check your account balance, choose the account you wish to pay from and pay immediately. We can finally buy those tickets as we please, without the stresses surrounding security. It works seamlessly on your smartphone and there is an option to link your banking app to other devices and browsers on tablets, PC’s and laptops.
This simple journey provides a number of benefits over other online payment methods. There is no new app to download and no new PIN or password to remember because you are checking out using your Starling app. Your balance is displayed in real-time so you can stay in control of your money and the payment happens immediately over Faster Payments. And all the delivery information for your purchase can be provided by your bank rather than typing it out every time to each retailer.
All your payment data is safely stored within your Starling app - it is never shared with the retailer.
We do some clever things with payment tokens which means the retailer only ever requests a payment from you. Rather than sharing any of your account information, you simply push the money out of your account. If none of your payment information is shared then it absolutely cannot be stolen.
Right now we are building out our new payment ecosystem, adding more retailers all the time, so look for Pay by Bank app when you shop online. Looking to the future, we are busy creating our contactless solution so you will be able to pay using your Starling app to pay in stores all across the country. It is great to be working with Starling Bank, helping people stay in control of their finances on the go and helping to see and spend their money in a new and better way.