[{"data":1,"prerenderedAt":531},["ShallowReactive",2],{"nav_featured_podcast":3,"nav_featured_press_release":21,"navigation_content":30,"payment_insight:rise-of-pay-by-bank-in-the-uk":377},{"uid":4,"title":5,"episodeLabel":6,"dateLabel":7,"episodeArt":8,"href":20},"from-payment-rails-to-connectivity","From Payment Rails to Connectivity, with The Clearing House's David Watson","EPISODE 5","August 18, 2026",{"dimensions":9,"alt":12,"copyright":13,"url":14,"id":15,"edit":16},{"width":10,"height":11},1064,652,"Payments Cannot Fail — Episode 05 with David Watson",null,"\u002F_prismic-media\u002Fd80df2e47c3ecb6f-cFcyPAgzKCMQEaND_Episode-05-David.jpg","cFcyPAgzKCMQEaND",{"x":17,"y":17,"zoom":18,"background":19},0,1,"transparent","\u002Fresources\u002Fpodcasts\u002Ffrom-payment-rails-to-connectivity",{"uid":22,"title":23,"tag":24,"dateLabel":25,"imageUrl":26,"imageAlt":27,"href":28,"imageFit":29},"form3-expands-strategic-partnership-with-sumup","Form3 expands strategic partnership with SumUp to bring real-time SEPA payments to millions of European small businesses","EU","February 25, 2026","\u002F_prismic-media\u002F3e91177f91478610-QA44Gzev0_tdg3ZI_SumUp.jpg","sumup","\u002Fresources\u002Fpress-releases\u002Fform3-expands-strategic-partnership-with-sumup","cover",{"header":31,"platform":59,"solutions":91,"developers":133,"company":155,"resources":184,"partnerships":208,"footer":220,"mobile":324},{"ctaLabel":32,"ctaHref":33,"topNav":34},"TALK TO OUR TEAM","\u002Fcontact",[35,39,43,47,51,55],{"label":36,"href":37,"key":38},"Platform","\u002Fplatform","platform",{"label":40,"href":41,"key":42},"Solutions","\u002Fsolutions","solutions",{"label":44,"href":45,"key":46},"Developers","\u002Fdevelopers","developers",{"label":48,"href":49,"key":50},"Company","\u002Fcompany","company",{"label":52,"href":53,"key":54},"Resources","\u002Fresources","resources",{"label":56,"href":57,"key":58},"Partnerships","\u002Fpartnerships","partnerships",{"sectionEyebrow":60,"primary":61,"productLinks":65,"enterprise":81,"trustFabric":86},"Explore the Platform",{"heading":62,"body":63,"ctaLabel":64,"ctaHref":37},"Our Payments Platform","A resilient, cloud-native platform powering real-time account-to-account payments at global scale.","See How It Works",[66,69,72,75,78],{"label":67,"href":68},"Payments Processing & Gateway","\u002Fpayments-processing-gateway",{"label":70,"href":71},"Orchestration & Intelligent Routing","\u002Forchestration-intelligent-routing",{"label":73,"href":74},"Payments Simulator","\u002Fpayments-simulator",{"label":76,"href":77},"Sponsor Bank Enablement","\u002Fsponsor-bank-enablement",{"label":79,"href":80},"Inform3d UI","\u002Finform3d-ui",{"heading":82,"body":83,"ctaLabel":84,"ctaHref":85},"Form3 Enterprise","Deploy and manage proven cloud-native payments technology in the environment that works for your institution.","Deploy Enterprise","\u002Fplatform\u002Fenterprise",{"heading":87,"body":88,"ctaLabel":89,"ctaHref":90},"Form3 Trust Fabric","Manage TLS certificates, cryptographic vulnerabilities and quantum readiness at scale, with continuous visibility.","Deploy Trust Fabric","\u002Fplatform\u002Ftrust-fabric",{"regionsIntro":92,"regions":98,"industries":118},{"eyebrow":93,"heading":94,"headingLine2":95,"body":96,"ctaLabel":64,"ctaHref":97},"Regions","Global Reach.","Regional Expertise.","A proven payments platform serving organizations worldwide, with specialized experience across North America, United Kingdom, and Europe.","\u002Fglobal",[99,108,113],{"label":100,"description":101,"ctaLabel":102,"href":103,"extraLinks":104},"North America","Real-time infrastructure, through a resilient, multi-cloud platform built for scale and regulatory confidence.","US HOME","\u002Fsolutions\u002Funited-states",[105],{"label":106,"href":107},"CANADA HOME","\u002Fsolutions\u002Fcanada",{"label":109,"description":110,"ctaLabel":111,"href":112},"United Kingdom","Powering account-to-account payments at the heart of the UK financial ecosystem, with proven resilience.","UK HOME","\u002Fsolutions\u002Funited-kingdom",{"label":114,"description":115,"ctaLabel":116,"href":117},"Europe","Enabling secure, real-time and SEPA payments across European markets through a unified, cloud-native platform.","EUROPE HOME","\u002Fsolutions\u002Feurope",{"eyebrow":119,"links":120},"Industries",[121,125,129],{"label":122,"href":123,"iconSrc":124},"Financial Services","\u002Fsolutions\u002Findustries\u002Ffinancial-services","\u002F_prismic-media\u002F29c09c45caa89db9-kbUHZmgTmuIMbo1t_FinancialServices_menu.svg",{"label":126,"href":127,"iconSrc":128},"Fintech","\u002Fsolutions\u002Findustries\u002Ffintech","\u002F_prismic-media\u002F6de3e7cb4dd8d874-SjwNe6Nh-bbuTi0P_Fintech_menu.svg",{"label":130,"href":131,"iconSrc":132},"Government","\u002Fsolutions\u002Findustries\u002Fgovernment","\u002F_prismic-media\u002Fe71bc3a74a1d2142-kaGgdituzKDnVTbm_Government_menu.svg",{"engineering":134,"api":142,"pressEyebrow":154},{"eyebrow":135,"links":136},"Engineering",[137,139],{"label":135,"href":138},"\u002Fengineering",{"label":140,"href":141},"Accreditations","\u002Faccreditations",{"eyebrow":143,"links":144},"API",[145,148,151],{"label":146,"href":147},"API Docs","https:\u002F\u002Fwww.api-docs.form3.tech\u002F",{"label":149,"href":150},"API Tutorials","https:\u002F\u002Fwww.api-docs.form3.tech\u002Fapi\u002Ftutorials\u002Fgetting-started\u002Fintroduction",{"label":152,"href":153},"API Status","https:\u002F\u002Fstatus.form3.tech\u002F","Latest Press Release",{"about":156,"people":171,"podcastEyebrow":183},{"eyebrow":157,"links":158},"About",[159,162,165,168],{"label":160,"href":161},"Our Story","\u002Fcompany\u002Four-story",{"label":163,"href":164},"Our Team","\u002Fcompany\u002Fteam",{"label":166,"href":167},"Our Success & Strategic Approach","\u002Fcompany\u002Four-success",{"label":169,"href":170},"Customer Stories","\u002Fcompany\u002Fcustomer-stories",{"eyebrow":172,"links":173},"People",[174,177,180],{"label":175,"href":176},"Careers","\u002Fcompany\u002Fcareers",{"label":178,"href":179},"Vacancies","\u002Fcompany\u002Fvacancies",{"label":181,"href":182},"Culture","\u002Fcompany\u002Fculture","Latest Podcast",{"intro":185,"links":189,"pressEyebrow":154,"podcastEyebrow":183},{"eyebrow":52,"heading":186,"body":187,"ctaLabel":188,"ctaHref":53},"Form3 Resources","Our Resources bring together thought leadership, engineering insights, payments expertise, webinars, podcasts, whitepapers, company news and stories from our teams—all in one place.","LEARN MORE",[190,193,196,199,202,205],{"label":191,"href":192},"Payments Cannot Fail Podcast","\u002Fresources\u002Fpodcasts",{"label":194,"href":195},"Press Releases","\u002Fresources\u002Fpress-releases",{"label":197,"href":198},"Payment Insights","\u002Fresources\u002Fpayment-insights",{"label":200,"href":201},"Culture Blog","\u002Fresources\u002Fculture-blog",{"label":203,"href":204},"Engineering Blog","\u002Fresources\u002Fengineering-blog",{"label":206,"href":207},"Events","\u002Fevents",{"intro":209,"links":213,"pressEyebrow":154},{"eyebrow":56,"heading":210,"body":211,"ctaLabel":212,"ctaHref":57},"Partner with Form3","Explore how Form3 works with banks, fintechs, cloud providers, technology platforms and system integrators to accelerate payment modernization, strengthen customer offerings and unlock new opportunities for growth.","Let's Partner Together",[214,217],{"label":215,"href":216},"Technical & Ecosystem Partners","\u002Fpartnerships\u002Ftechnical-ecosystem",{"label":218,"href":219},"Channel & Distribution Partners","\u002Fpartnerships\u002Fchannel-distribution",{"platform":221,"region":228,"development":239,"company":247,"resources":258,"partnerships":266,"stayConnected":271,"legalLinks":291,"certifications":313},{"title":36,"links":222},[223,224,225,226,227],{"label":62,"href":37},{"label":67,"href":68},{"label":70,"href":71},{"label":73,"href":74},{"label":76,"href":77},{"title":229,"links":230},"Region",[231,233,235,236,237],{"label":232,"href":97},"Global",{"label":234,"href":103},"United States",{"label":109,"href":112},{"label":114,"href":117},{"label":238,"href":107},"Canada",{"title":240,"links":241},"Development",[242,243,244,245,246],{"label":135,"href":138},{"label":140,"href":141},{"label":146,"href":147},{"label":149,"href":150},{"label":152,"href":153},{"title":48,"links":248},[249,250,251,252,253,254,255],{"label":160,"href":161},{"label":163,"href":164},{"label":169,"href":170},{"label":175,"href":176},{"label":178,"href":179},{"label":181,"href":182},{"label":256,"href":257},"Net Zero","\u002Fcompany\u002Fnet-zero",{"title":52,"links":259},[260,261,262,263,264,265],{"label":186,"href":53},{"label":191,"href":192},{"label":194,"href":195},{"label":200,"href":201},{"label":203,"href":204},{"label":206,"href":207},{"title":56,"links":267},[268,269,270],{"label":210,"href":57},{"label":215,"href":216},{"label":218,"href":219},{"title":272,"body":273,"ctaLabel":32,"ctaHref":33,"social":274},"Stay Connected","Form3 is a global account-to-account financial fabric delivering a proven payments platform trusted by banks and fintechs to deliver resilient, real-time payment experiences for their customers at scale.",[275,279,283,287],{"label":276,"href":277,"icon":278},"LinkedIn","https:\u002F\u002Fwww.linkedin.com\u002Fcompany\u002Fform3-financial-cloud\u002F","linkedin",{"label":280,"href":281,"icon":282},"X","https:\u002F\u002Fwww.x.com\u002FForm3Cloud","x",{"label":284,"href":285,"icon":286},"YouTube","https:\u002F\u002Fwww.youtube.com\u002F@Form3Cloud","youtube",{"label":288,"href":289,"icon":290},"Instagram","https:\u002F\u002Fwww.instagram.com\u002Fform3.tech","instagram",[292,295,298,301,304,307,310],{"label":293,"href":294},"Terms & Conditions","\u002Flegal\u002Fterms-and-conditions",{"label":296,"href":297},"Privacy Policy","\u002Flegal\u002Fdata-privacy-statement",{"label":299,"href":300},"Recruitment Data Policy","\u002Flegal\u002Frecruitment-data-policy",{"label":302,"href":303},"Modern Slavery Statement","\u002Flegal\u002Fmodern-slavery",{"label":305,"href":306},"License","\u002Flegal\u002Flicense",{"label":308,"href":309},"Cookie Policy","\u002Flegal\u002Fcookie-policy",{"label":311,"href":312},"Manage Cookies","#cookies",[314,316,318,320,322],{"label":315},"ISO 27001",{"label":317},"ISO 27017",{"label":319},"ISO 27018",{"label":321},"ISAE 3000 SOC 2 Type II",{"label":323},"ISO 22301",{"platform":325,"solutions":340,"developers":354,"company":364,"resources":365,"partnerships":373},[326,328,338,339],{"kind":327,"label":62,"href":37},"link",{"kind":329,"label":60,"children":330},"group",[331,332,333,334,336],{"label":67,"href":68},{"label":70,"href":71},{"label":73,"href":74},{"label":76,"href":335},"\u002Fplatform\u002Fsponsor-bank-enablement",{"label":79,"href":337},"\u002Fplatform\u002Finform3d-ui",{"kind":327,"label":82,"href":85},{"kind":327,"label":87,"href":90},[341,343,349],{"kind":327,"label":232,"href":342},"\u002Fsolutions\u002Fglobal",{"kind":329,"label":93,"children":344},[345,346,347,348],{"label":234,"href":103},{"label":238,"href":107},{"label":109,"href":112},{"label":114,"href":117},{"kind":329,"label":119,"children":350},[351,352,353],{"label":122,"href":123},{"label":126,"href":127},{"label":130,"href":131},[355,359],{"kind":329,"label":135,"children":356},[357,358],{"label":135,"href":138},{"label":140,"href":141},{"kind":329,"label":143,"children":360},[361,362,363],{"label":146,"href":147},{"label":149,"href":150},{"label":152,"href":153},[],[366,367,368,369,370,371,372],{"kind":327,"label":186,"href":53},{"kind":327,"label":191,"href":192},{"kind":327,"label":194,"href":195},{"kind":327,"label":197,"href":198},{"kind":327,"label":200,"href":201},{"kind":327,"label":203,"href":204},{"kind":327,"label":206,"href":207},[374,375,376],{"kind":327,"label":210,"href":57},{"kind":327,"label":215,"href":216},{"kind":327,"label":218,"href":219},{"id":378,"uid":379,"url":380,"type":381,"href":382,"tags":383,"first_publication_date":384,"last_publication_date":385,"slugs":386,"linked_documents":388,"lang":389,"alternate_languages":390,"data":391},"alzyRBEAACkAUWC0","rise-of-pay-by-bank-in-the-uk","\u002Fresources\u002Fpayment-insights\u002Frise-of-pay-by-bank-in-the-uk","payment_insight","https:\u002F\u002Fform3-website.cdn.prismic.io\u002Fapi\u002Fv2\u002Fdocuments\u002Fsearch?ref=apjJ1BEAAC0AJxzl&q=%5B%5B%3Ad+%3D+at%28document.id%2C+%22alzyRBEAACkAUWC0%22%29+%5D%5D",[],"2026-07-19T16:22:48+0000","2026-08-28T10:40:31+0000",[387],"the-benefits-for-uk-consumers-and-businesses",[],"en-us",[],{"title":392,"excerpt":393,"card_image":394,"published_date":400,"reading_time":401,"tag":402,"dek":403,"featured_image":404,"about_form3":405,"client_about_heading":13,"client_about_body":406,"author_name":407,"author_title":408,"author_photo":409,"author_bio":417,"author_linkedin":429,"slices":434,"meta_title":392,"meta_description":393},"What the rise of Pay by Bank in the UK means for banks, merchants and consumers","As account-to-account payments for e-commerce scale in the UK, Mike Walters, CEO at Form3, explores the essential infrastructure that banks and fintechs need to meet the demands of seamless checkout.",{"dimensions":395,"alt":392,"copyright":13,"url":397,"id":398,"edit":399},{"width":396,"height":396},800,"\u002F_prismic-media\u002Fd96451418c5565d0-7AkLCkHJBJdedkYD_rise-of-pay-by-bank-in-the-uk.p","7AkLCkHJBJdedkYD",{"x":17,"y":17,"zoom":18,"background":19},"2026-04-16",3,"Blog","As account-to-account payments for e-commerce scale in the UK, Mike Walters, CEO at Form3, explores the essential infrastructure that banks and fintechs need to meet the demands of seamless checkout",{},[],[],"Mike Walters","Chief Executive Officer",{"dimensions":410,"alt":413,"copyright":13,"url":414,"id":415,"edit":416},{"width":411,"height":412},1365,2048,"mike","\u002F_prismic-media\u002Fe4bf017915ed9fe1-MkWUKXE1UnneH9Gz_mike.jpg","MkWUKXE1UnneH9Gz",{"x":17,"y":17,"zoom":18,"background":19},[418,423,426],{"type":419,"text":420,"spans":421,"direction":422},"paragraph","Mike was appointed CEO in October 2023, having joined Form3 as CPO and co-founder in 2016. As CPO, he was responsible for product strategy, development, and management, as well as strategic initiatives. He also played a key role in funding activities and in building and maintaining key client relationships.",[],"ltr",{"type":419,"text":424,"spans":425,"direction":422},"Prior to Form3, Mike held senior Product roles within Barclays. As Product Director for Barclaycard Payment Acceptance (card acquiring), he was a member of the Executive Committee and responsible for P&L, product management, strategy development, vendor selection and management, digital transformation, and M&A. As Head of UK Corporate Payments for Barclays Corporate Bank, Mike held product management responsibility for all payment, receipting and reporting products delivered to Barclays corporate clients – this included defining the Barclays Corporate Bank mobile payments strategy and initiating, building and scaling multi-award-winning mobile payment solutions.",[],{"type":419,"text":427,"spans":428,"direction":422},"In his early career, Mike managed client relationship teams responsible globally for North American Financial Institutions and FTSE100 clients, gaining extensive experience across enterprise clients in both domestic and international markets.",[],{"link_type":430,"key":431,"url":432,"target":433},"Web","ce7712f2-dd81-4159-bfbc-8b7659720161","https:\u002F\u002Fwww.linkedin.com\u002Fin\u002Fmike-walters-2574b2a\u002F","_blank",[435,476,491,511],{"variation":436,"version":437,"items":438,"primary":439,"id":474,"slice_type":475,"slice_label":13},"default","initial",[],{"body":440},[441,444,447,450,453,456,459,468,471],{"type":419,"text":442,"spans":443,"direction":422},"Every day, millions of payments are made online, as e-commerce solidifies its hold as the ‘go-to’ way to shop.",[],{"type":419,"text":445,"spans":446,"direction":422},"Traditionally, paying for goods and services requires customers to manually insert card details for every transaction made, with payments then taking hours or even days to process.",[],{"type":419,"text":448,"spans":449,"direction":422},"In recent years, Pay by Bank has gathered momentum as an alternative way to pay. These payments allow customers to pay a retailer or business directly from their bank account, using account-to-account (A2A) payment rails, rather than cards.",[],{"type":419,"text":451,"spans":452,"direction":422},"The foundations for this were laid in 2016, with the Open Banking PSD2 Regulations, which mandated that banks must allow third-party providers to access customer account data and initiate payments, with customer consent, via secure APIs.",[],{"type":419,"text":454,"spans":455,"direction":422},"These regulations were made applicable for banks in January 2018, with firms including MasterCard, HSBC and Natwest then rolling out their own initiatives.",[],{"type":419,"text":457,"spans":458,"direction":422},"Fast forward to 2026, and major retailers, including Amazon and eBay, are now integrating Pay by Bank payment capabilities into their services in the UK.",[],{"type":419,"text":460,"spans":461,"direction":422},"The growth in account-to-account payments was reflected in the UK government’s recently released Payments Forward Plan, which outlined the intention to enhance existing payment rail infrastructure to better support resilience and innovation in direct bank transfer payments.",[462],{"start":463,"end":464,"type":465,"data":466},97,118,"hyperlink",{"link_type":430,"url":467,"target":433},"https:\u002F\u002Fassets.publishing.service.gov.uk\u002Fmedia\u002F699f2bc6c497bac082bc76bc\u002FPayments_Forward_Plan_.pdf",{"type":419,"text":469,"spans":470,"direction":422},"The report also outlines plans to establish Open Banking on a commercially sustainable basis, advancing plans to make account-to-account payments ‘ubiquitous.’",[],{"type":419,"text":472,"spans":473,"direction":422},"With all this in motion, the pressure is now on for banks and fintechs to ensure they have the right architecture in place to meet the growing demands on them from customers, retailers and regulators.",[],"rich_text$49cb8269-febd-4f64-9866-c413cb4eebce","rich_text",{"variation":436,"version":437,"items":477,"primary":478,"id":490,"slice_type":475,"slice_label":13},[],{"body":479},[480,484,487],{"type":481,"text":482,"spans":483,"direction":422},"heading3","The benefits for UK consumers and businesses",[],{"type":419,"text":485,"spans":486,"direction":422},"For consumers, Pay by Bank means safer transactions. Using banking apps to verify transactions, often through biometrics, removes the fraud risk associated with cards and provides clear visibility of transactions. By establishing a secure connection between the customer’s intended transaction and their banks, this payment method also removes the need for shoppers to enter and store card details or update saved details when old cards expire.",[],{"type":419,"text":488,"spans":489,"direction":422},"On the merchant side, this model is becoming increasingly popular for companies looking for simple, secure and low-cost alternatives to cards for online payments. Allowing customers to pay for goods and services via banking apps offers companies lower transaction fees compared to traditional card payments and minimises the risk of chargebacks as payments are instantly verified.",[],"rich_text$5f0996bc-566d-4a33-9598-8bf50bcd5742",{"variation":436,"version":437,"items":492,"primary":493,"id":510,"slice_type":475,"slice_label":13},[],{"body":494},[495,498,501,504,507],{"type":481,"text":496,"spans":497,"direction":422},"Infrastructure to match scalability and demand",[],{"type":419,"text":499,"spans":500,"direction":422},"In the last 10 to 15 years, cards have undergone a digital transformation to meet the demands of e-commerce, with digital wallets, tokenization and real-time monitoring now the norm. If Pay by Bank is to become a default e-commerce option, it must match that level of infrastructure maturity. Payments cannot afford to fail, and the architecture behind them is what prevents this from happening.",[],{"type":419,"text":502,"spans":503,"direction":422},"The idea that money moves overnight, or a few days later, is now outdated. Across the globe, real-time payment schemes are becoming less an optional innovation and more essential infrastructure. ",[],{"type":419,"text":505,"spans":506,"direction":422},"Direct bank transfers use account-to-account rails to deliver instant, irrevocable payments. However, this immediacy removes any margin for error, as when a customer clicks “pay,” the transaction must authenticate, process and settle in seconds.",[],{"type":419,"text":508,"spans":509,"direction":422},"Robust safeguards, including strong customer authentication and data protection, are also needed to minimise the risk of fraudulent transactions.",[],"rich_text$0e7a398c-6332-4e85-8175-79d884238c4f",{"variation":436,"version":437,"items":512,"primary":513,"id":530,"slice_type":475,"slice_label":13},[],{"body":514},[515,518,521,524,527],{"type":481,"text":516,"spans":517,"direction":422},"Modern architecture as standard",[],{"type":419,"text":519,"spans":520,"direction":422},"Pay by Bank is not just about retailers offering another payment option or finding an alternative to card fees. Instead, the shift towards account-to-account payments should be viewed as part of the wider structural shift in how money moves.",[],{"type":419,"text":522,"spans":523,"direction":422},"Its success depends just as much on whether infrastructure can flawlessly orchestrate payments 24\u002F7 as it does on customer demand.",[],{"type":419,"text":525,"spans":526,"direction":422},"If banks are to capitalise on this opportunity, they must invest in dependable payment platforms that facilitate seamless checkout and can scale as retail demand for these payment methods increases.",[],{"type":419,"text":528,"spans":529,"direction":422},"The right infrastructure will determine long-term success and send a message to the e-commerce community, encouraging more household names to follow in Amazon and eBay’s footsteps and integrate Pay by Bank into their services.",[],"rich_text$6e5a2d6b-a90b-4991-96b5-b6b45199a1db",1788399683902]