ID verification with Pay by Bank
Leverage bank-sourced KYC data and instantly verify identity information to reduce fraud, minimize manual input, simplify onboarding, and augment your KYC processes.
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Identity visualization made possible with Pay by Bank
Banks gather KYC information during onboarding, and Trustly ID uses our proprietary bank connectors to retrieve the most accurate identity data from consumer bank accounts in real-time, enabling you to build a complete identity profile.
Source bank-grade identity information
Complement KYC checks, verify identity information, expedite onboarding, and cut costs with bank-grade data powered by our Pay by Bank technology.
Reduce processing costs up to 50% vs cards
Unlike other payment methods, account-to-account payments don’t have high scheme or interchange fees, so you’ll retain more revenue from every transaction.
Customize guarantee type
Align your business needs with guaranteed payment options—full, partial, and no guarantee flexibility.
Cater to the modern consumer
Provide young and credit-averse consumers with a simple payment method that allows them to pay with money they already have—no app or account creation needed.
Increase approval rates
Bank-grade financial data is retrieved in real-time and used as context for approving transactions, reducing false declines, and maximizing conversion.
Accelerate KYC, KYB, and AML processes
Utilize bank-vetted, KYCed data to validate personal identity information for KYC, KYB, and AML checks, eliminating manual input processes prone to human error.
Verify personal identifiable information
Leverage Open Banking Data such as full legal name, email, address, and phone number to recognize true identities and keep fraudsters at bay.
Expedite user onboarding
Industry-leading connections with financial institutions expedite data retrieval and decision-making.
Reduce administrative costs
Verification through secure bank connectivity helps to eliminate manual input, reduce overhead, and improve efficiency.
Complement payment processes
Consolidate and simplify onboarding and payment processes by coupling instant identity verification with payment initiation.
Features
Instant account holder authentication
Validate matching for the bank-qualified names of the account holders and the names on file using Pay by Bank verification.
Address and
contact verification
Check that the address, email, and phone number provided are correct and belong to the customer through Pay by Bank data validation.
Data quality
checks
Maintain the accuracy and completeness of retrieved Pay by Bank data via comprehensive quality checks.
First-rate
connectivity
Retrieve high-quality identity data via Trustly's industry-leading Pay by Bank connectivity infrastructure.
Our impact
Get started with Trustly
Contact our payment experts to learn more about what you can build using our Open Banking platform.
