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Built using Yapily’s Open Banking infrastructure, Allica Bank’s business owner customers will be able to log into their account and top-up their account in a few clicks.
American Express conducted research on the impact of payments processes on business growth among 500 decision makers at UK businesses.
Capital on Tap and GoCardless have been working together since 2014.
Through the new partnership, driven by Mastercard’s Open Banking technology, Virgin Money credit card customers will be able to view their accounts and balances in one place.
Pay by Bank transactions grew 75% in the UK last year, according to Token.io’s chief executive officer Todd Clyde.