Westpac's Direct from Account® API allows you to easily integrate account based payments into your payment platform - giving Westpac customers the ability to securely make online payments directly from their bank accounts. They simply login to Westpac One®, authenticate themselves, select their account then pay. No scheme credit or debit card required. Easy.
Other banks are now building and making payment APIs available for third party services, which is being driven by the Payment industry API standards.
There are an increasing number of third parties requesting access to payment APIs. This will allow more customers to make payments directly from their bank account as a viable alternative to card payments.
An increasing number of customers are seeking out online businesses who have the capability to accept secure, account based payments.