FIS: Launches Pay By Bank Payments Through Its Open Banking Hub
- A new service from FIS, Open Banking Hub, will allow customers to pay for items directly from their bank account
- The service will also allow customers to check their bank accounts during the process
- Asif Ramji, chief growth officer at FIS, also said that the simplicity was a draw for customers
- Then the Open Banking Hub provides a lone API to allow consumers to automatically redirected to their bank upon finalizing a purchase
- Imran Gulamhuseinwala, implementation trustee of the Open Banking program funded by the U.K. Competition and Markets Authority
- Customers have become accustomed to better kinds of technology beyond the minimum functions of banks
