“American Express (Amex) on Monday announced its plans to launch a new open banking product in the fourth quarter of this year, for its UK customers.
The service is expected to enable customers to quickly and securely pay for goods and services online and on the go, directly from their bank account. “Pay with Bank transfer” will be a real-time payment option available to current account holders at UK banks, regardless of whether they are American Express card members, as per a statement.”
Source: IBS intelligence