What is PayTo?

An easy way to pre-authorise payments from bank accounts

PayTo is set to modernise the way bank accounts are used for payments and will help businesses and consumers thrive in the digital economy

Advantages of PayTo

1. Real time, reliable payments

PayTo helps remove the uncertainty of receiving payments from bank accounts with real-time account validation.

2. Notifications at various stages of a payment

Notifications when a PayTo agreement is paused, changed or cancelled will help you maintain customer relationships.

3. Easy reconciliation

PayTo agreements contain more information to support easy matching and reconciliation.

4. Reduce manual handling

Real-time account validation and funds availability check helps reduce errors and exception processing to ensure business can run taht little bit smoother.

Read more about how PayTo can help your businesses here