Retail
Open Banking Payments
We help retailers to save money and get quicker access to cash through allowing customers to make payments directly from their bank account - effectively, a bank transfer.
Field of Expertise
Loyalty // Payments // Retail
Expertise
David is the Founder & CEO of Loyalize - a white label open banking payments and customer engagement platform. He is also a Board Advisor to a number of start-ups and scale-ups across F&B, CPG, Hospitality and Sports. Outside of business, David is a keen and accomplished rugby player, enjoys playing golf, going skiing and regularly attending the gym to maintain a high level of fitness and health. Loyalize: A white label open banking payments and engagement platform. Our solution uses open banking technology to power real-time payments, called Pay by Bank. We help retailers save money on transaction fees, improve their cashflow and enhance the customer experience by adding more value to the payments journey. What is Pay by Bank? -> An Open Banking Payment, or “Pay by Bank”, allows a customer to make a payment directly from their bank account - effectively, a bank transfer. -> In doing so, the feature bypasses all of the interim partners associated with a typical card transaction. -> Therefore, retailers benefit from significant commercial savings and quicker access to cash through removing these middle players. -> Pay by Bank uses Strong Customer Authentication (SCA) regulation, helping to reduce fraudulent transactions by over 95%. -> The solution saves time at the checkout by offering a single scan payment & loyalty channel.