There is a lot of interest in “open banking” – a simple and secure way of helping you make more of your money with new ways of transacting.
There are many products offering all sorts of opportunities and enhancements to the services. A recent development which is likely to generate considerable interest arises as a result of the accounting software company Xero announcing an integration with Crezco (crezco.com). This allows the payment of invoices from within Xero itself, with a separate final authorisation with the bank for those payments to be made.
It is not just Xero though, Crezco also has integrations with Sage, Quickbooks, Zoho books and others, as well as BrightPay and MoneySoft for payroll processing.
It is also possible to provide a link to customers to collect payments too with the added attraction of no fees!
Please speak with us if you would like to know more about the possibilities with Open Banking.