Pay-by-Bank

Enable Instant Pay-by-Bank in Weeks

Launch account-to-account payments on FedNow and RTP.

Eliminate interchange fees.

Request a Demo
Real-time payment flow showing FedNow and RTP rails enabling instant transfers between banks with low cost and fast settlement

Why Merchants Choose Pay-by-Bank

Connect to instant rails without the complexity.

Enable FedNow and RTP through Payment Galaxy’s unified API. Customers pay from their bank account with instant settlement—no cards, no interchange.

Launch in months. Integrate once, access all instant payment rails, and start saving 90% on transaction costs immediately.

90% Lower Transaction Costs

Eliminate 2-3% card interchange. Direct bank payments cost pennies, not percentages.

Real-Time Settlement, 24/7/365

Funds settle in 10 seconds. No batch processing, no next-day delays, instant cash flow.

ISO 20022 Rich Data

Enhanced remittance info flows with every payment. Automated reconciliation, fewer exceptions.

Meet Gen Z Demand

73% of consumers want account-to-account payments. Don’t lose sales to apps that offer instant.

Complete Pay-by-Bank Infrastructure

Account-to-Account Payments

Direct bank transfers via FedNow and RTP. Settle in 10 seconds, 24/7/365, with bank-grade

Smart Payment Routing

Intelligent routing across instant and batch rails. Optimize by speed, cost, or availability with automatic fallback.

Open Banking Integration

Secure account linking through open banking protocols. One-time setup, frictionless repeat payments.

Merchant Payment Acceptance

Accept pay-by-bank online and in-store. QR codes, payment links, or embedded checkout. Instant settlement to your account.

ISO 20022 Rich Data

Enhanced remittance information for automated reconciliation. Structured data reduces manual exceptions by 60%.

Instant Settlement

Real-time funds availability for merchants and customers. Immediate access to working capital, zero settlement risk.

From Integration to Instant Payments

Connect to Payment Galaxy

Integrate via unified API. Access FedNow and RTP instantly. Sandbox with realistic test data included.

Enable Account Linking

Customers link bank accounts through secure open banking authentication. One-time setup, reusable credentials.

Process & Settle

Route payments with smart logic. Real-time settlement in seconds. Monitor via dashboard with full visibility.

Frequent Use Cases

A small shopping cart filled with cardboard boxes sits on a desk in front of a laptop. In the background, a person is using a smartphone with a coffee cup nearby, suggesting online shopping or e-commerce.

E-Commerce Checkout

Replace card payments at checkout with instant bank transfers. Lower costs, faster settlement, higher margins.

Close-up of a woman with black nail polish holding a green smartphone and scanning or photographing a white piece of paper document.

Bill Payments

Utilities, telecom, subscriptions; instant settlement to biller accounts. Real-time confirmation, automated reconciliation.

P2P Money Movement

Enable instant transfers between customers. FedNow and RTP for real-time delivery, 24/7 availability.

Let's Connect

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Recent Insights

Two colleagues in an office standing close together and looking at a laptop screen.
Understanding ‘pay by bank’ in the realm of open bankingBlogsPay-by-BankPayment Galaxy

Understanding ‘pay by bank’ in the realm of open banking

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Launch Instant Payments This Quarter

Stop treating FedNow and RTP as separate projects. Deploy both rails in 8 weeks.

Schedule a Demo