The Bud payments service allows you to initiate money transfers between your accounts using Open Banking APIs, enabling you to authenticate and initiate your payments faster.
When you make a payment via the Bud app, there are a few simple steps:
- We send over the details you input including who the payment is to, which account from and the amount to your bank.
- In order for a payment to be processed, you’re directed to your bank's online banking portal to confirm the payment initiation with your bank.
- Once you confirm everything, you will then be redirected back to the Bud app and your payment has been completed!
This means that you issue a request to transfer money and then confirm it yourself - secure and all in an instant.