Introduction to Pay by Bank
Pay by Bank is a Bank of America solution that enables you to offer your e-commerce
customers the ability to pay directly from their bank account in real time without
providing payment card information. When a payment is processed, your customer's bank
transfers the funds directly to your merchant bank account.
In the UK, Pay by Bank follows the open banking regulations for bank-to-bank transfers.
Benefits of Using Pay by Bank
Pay by Bank makes processing e-commerce transactions simpler, faster, and more secure
by:
- Reducing your amount of customer data storage because card data is no longer needed.
- Streamlining reconciliation data into an easy-to-read report.
- Using a customer's bank authentication network to securely process payments.
- Avoiding card processing fees.
- Providing an easy connection to Pay by Bank through an API integration.
Supported Services
Sale, refund, and check status services are available with Pay by Bank. For more
information, see these sections:
You can also subscribe to webhook notifications. With webhook subscriptions,
Cybersource
will automatically notify you when a sale or a refund is
completed. See Webhook Subscriptions.Requirements
You must have a merchant ID for each country in which you process transactions.
Contact your
Cybersource
account manager for more information.Supported Currencies
This table lists the currencies supported by the Pay by Bank services.
Currency | Currency Code |
---|---|
British pound sterling | GBP |
Euro | EUR * |
*Refunds are not currently supported for EUR; this capability will be added in the
future.
Endpoints
Send API service requests to one of these endpoints:
- Production:https://ics2ws.ic3.com/commerce/1.x/transactionProcessor
- Test:https://ics2wstest.ic3.com/commerce/1.x/transactionProcessor