J.P. Morgan Payments’ Pay-by-bank solution, which provides billers with the ability to allow their customers to pay bills directly from their bank account, is now live.
Leveraging Mastercard’s open banking technology to enhance J.P. Morgan Payments’ ACH capabilities, Pay-by-bank offers payment choice and provides a simple, secure and frictionless experience for billers to offer to their customers.
Verizon is planning to pilot J.P. Morgan Payments’ Pay-by-bank offering with U.S. customers in the coming months.
“This innovative payment option aligns with our commitment to providing our customers with convenient and secure payment choices. We believe that Pay-by-bank will enhance the overall customer experience, making it easier and more efficient for our customers to pay their bills,” said Darrell Conn, Executive Director, Verizon. “We look forward to this partnership with J.P. Morgan and Mastercard to bring more innovative solutions to our customers.”
Pay-by-bank is a payment option that gives merchants the ability to allow their customers to conveniently pay directly from their bank account using traditional ACH banking rails.

Max Neukirchen
“We are dedicated to enabling our clients to offer their customers a variety of payment options,”
says Max Neukirchen, Head of Payments & Commerce Solutions, J.P. Morgan.
“Our partnership with Mastercard will allow for easy and secure payments directly from bank accounts. We are excited for the future as we have a robust pipeline of biller clients across the U.S. interested to use our Pay-by-bank offering seeking to digitize their processes and increase payments efficiency.”
How it works:
J.P. Morgan Payments’ Pay-by-bank offering addresses multiple pain-points for billers in particular. Billers whose customers already pay with ACH can enable the Pay-by-bank solution on their existing payments page. Consumers can then select “Pay-by-bank.” They will be prompted to choose their bank and agree to securely share their bank account information through Mastercard’s open banking platform for recurring payments like rent, utilities, tuition and account top ups, insurance, and healthcare.

Chiro Aikat
“Today’s digital consumer seeks choice and value in every payment interaction,”
said Chiro Aikat, EVP, U.S. Market Development, Mastercard.
“They also look to gain more power and control over their finances, especially for everyday expenses like monthly bills. Our partnership with J.P. Morgan Payments helps meet this critical need, providing billers and merchants with a payments experience that is simple, seamless, and secure for their customers.”
The launch follows a successful first development stage of J.P. Morgan Payments and Mastercard’s Pay-by-bank partnership, which began in November 2022.
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