Localpay

LocalPay offers Consumers a 'pay-by-bank' solution, which allows them to use their bank accounts for direct payments to Merchants at the point of sale, eliminating the need for credit or debit cards. LocalPay's retail account-to-account payments reduce overall payment costs, resulting in lower Merchant acceptance fees, instant discounts for Consumers, and increased revenue streams for Banks and Credit Unions. Powered by a Merchant and Consumer mobile app and a secure distributed routing system integrated into banking digital cores, the network facilitates quick user onboarding, effortless point-of-sale transactions, and real-time capable payment settlement.