Oak Furnitureland signs on for AmEx Pay with Bank transfer
American Express is partnering with such merchants as JustGiving, Oak Furnitureland and Richer Sounds to launch a Pay with Bank transfer product later this year.
This will allow UK shoppers to pay for goods and services online, directly from their bank account. It will be a real-time payment option available to current account holders at UK banks, regardless of whether they are American Express card holders.
“Pay by Bank transfer is a product that's leveraging opportunities presented by new Open Banking protocols. As an early adopter of payment technologies, it enables us to offer a new digital payment option to consumers whilst maintaining a frictionless payment experience. I'm keen to see how Open Banking is received by customers within the furniture retail sector,” says Ross Lawson, CTO at Oak Furnitureland.
