This project team will develop a common definition of pay by bank. This team will also identify any operational, risk and educational issues associated with pay by bank payments. 

Latest Update

The Pay by Bank project team published an FAQ webpage to help you better understand and learn more about Pay by Bank. This page includes the goals of the project team including a definition and key and optional attributes. The team is continuing its work through finalizing deliverables on use cases; risks and benefits; transaction flows and a gap analysis.

September 2025

This team has pulled content together and is currently in the process of creating deliverables that include: 

• Executive Summary.
• Overview of Existing Research.
• Definition & Key Attributes.
• Use Cases.
• Risks & Benefits.
• Sample Transaction Flows & Supporting Characteristics.
• Gap analysis.