Finexer vs Pay by Bank from allpay
Finexer
finexer.comPay by Bank from allpay
allpay.netSide by side
| Figure | Finexer | Pay by Bank from allpay |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | — | Yes |
| Android | — | Yes |
| API | Yes | — |
| Plans published | 3 | 0 |
| Spec score · Open Banking Payment Platforms | 7.5 (#7) | 7.4 (#10) |
| Availability | Finexer describes its cloud software as available 24/7 with a 99.99% SLA. | The page says Gateway Plus support for Pay by Bank is coming soon; it does not give a date. |
| Headquarters | London, United Kingdom | Hereford, England, United Kingdom |
| Security | Finexer says sensitive data is encrypted with AES-256 in an isolated data store, and two-factor authentication is required for approved accounts. | Customers authorise each payment directly through their bank, so the organisation does not handle sensitive account details. |
| Support | The company says its support specialists are available 16 hours a day, seven days a week. | The Pay by Bank page directs organisations to contact the sales team and links to the allpay Help Centre for support. |
| Who it serves | The site identifies accounting and ERP, lawtech, EPOS, payroll and invoicing, proptech and real estate, and utility billing as use cases. | The page highlights housing associations, local authorities, income collection and rent teams, utilities, billing organisations, and organisations managing high-volume regular payments. |
Plans
Finexer
- EnterprisePriced on request
- StandardPriced on request
- StartupPriced on request
In their own words
Finexer
Finexer is a B2B open banking platform for businesses that need bank data, payment initiation or bank-based identity checks in their own services. Its data service provides real-time account details, balances, transaction history, merchant and category data, and income and expense information. Payment options include instant account-to-account payments, payment links, QR code payments, batch payments and automated receipts. Bank-based identity verification can support customer KYC and AML processes. Connection methods include an Open Banking API, dashboard, hosted consent pages and consent links. Developer tools include a REST-based API, webhooks, documentation, sandbox accounts and developer support; sandbox accounts that replicate production functionality are free. Its supported-bank directory names UK institutions including Barclays, HSBC, Lloyds, Monzo, NatWest, Starling and Wise. Instant Payments are available only to UK businesses and currently support GBP only. Finexer says sensitive data is encrypted with AES-256 in an isolated data store and approved accounts require two-factor authentication. It states it is Cyber Essentials certified and ICO registered, and that Finexer Ltd is FCA-authorised under the Payment Services Regulations 2017. Pricing is on request.
Pay by Bank from allpay
Pay by Bank from allpay lets customers pay an organisation directly from a bank account using Open Banking, without entering card details. At checkout, the customer chooses the option, selects a bank, and authorises payment in a banking app or online banking; confirmation arrives near instantly. The organisation does not handle sensitive account details because authorisation takes place through the customer’s bank.
The service is intended for housing associations, local authorities, rent and income collection teams, utilities, billing organisations, and organisations handling high-volume regular payments. allpay says bypassing traditional card networks can lower processing costs, while avoiding expired cards, incorrect entries, and manual input may help reduce failed or abandoned transactions. The rollout is starting with the allpayments app and online payment journeys using hosted payment pages. Gateway Plus support is marked as coming soon, with no date specified. Pricing is on request. Platforms listed are Android, iOS, and web. allpay describes the method as FCA-regulated and states that it complies with PCI DSS.