Digital receipts
bankIO offers a digital receipts and rewards platform built on top of the Open Banking/PSD2 ecosystem. You’ll get digital receipts and rewards in real time next to your in-app transactions.
We deliver all receipts digitally from the merchant straight to your phone.
bankIO Digital Receipts comprises a collection of technical solutions aimed at revolutionising receipts and retailer loyalty programmes.
Never lose a receipt again
We deliver all receipts digitally from the merchant straight to your phone.
Say goodbye to paper waste and years’ worth of purchase record keeping. From now on any receipt is one tap away.
Save your digital receipt in your favourite application.
How it works
Pay at a verified merchant
The choice is yours: Traditional payment via debit/credit card, Payment link, Barcode payment, Proximity payment
The POS shares the receipt data with bankIO
The purchase is processed by bankIO and the merchant. This works virtually out of the box with minimal additional infrastructure. It’s secure and fully compliant with industry standards.
We create a digital receipt for you
You decide where to store the receipt: On your phone, In the cloud, In your favourite application
Limitless posibilities
Any business could take advantage of digital receipts using Open Banking/PSD2:
- Supermarket chains
- Petrol stations
- Restaurants (customers could use bill splitting)
- Public transport
- Any other business or individual
bankIO’s payment ecosystem
Fast, safer and contactless
- You can pay any amount per transaction, with a single scan of your phone. You have to manually confirm each transaction with Strong Customer Authentication (SCA)
- We don’t need your card details. A mobile connection is required at the checkout, Open Banking/PSD2 APIs will be used to initiate the payment
- You can use any account from all your banks
- If you like, a default bank account can be configured to be always used for initiating the payments
Bank-level security
- Your request-to-pay can only be used once - it can’t be copied or cloned.
- If you lose your phone or if it’s stolen, you can immediately lock your account.
- The app has two-factor authentication for additional security and is protected by PIN and fingerprint/face ID.
- To help keep you safe, we’ll sign you out of your account if you don’t use it for a while.
- You’ll get real time notifications every time you complete a payment so you can keep an eye on your account.
Collect loyalty points
- Never miss out loyalty campaigns from retailers again - simply bankIO’s Open Banking/PSD2 payment methods at the checkout to pay, and collect your loyalty points in one go.
- You can check your up to date loyalty points balance in the app.
Budgeting
- You can check your payment history on the Transactions page.
- You can keep track of how much you spend each month.