PayKey is a Social Payment Solution that enables bank customers to send money to friends and family within any social network and messaging platform.
With PayKey, everyday banking becomes simple and frictionless. Users enjoy trusted, instantaneous, and contextual money transfer capabilities while chatting with friends and family. No need to open a dedicated app in order to transfer money – one payment button supports all apps!
The payment experience is intuitive and quick without the need to type in the recipient’s bank account details.
With PayKey, banks can regain P2P transactions that are now lost to digital wallets and dedicated solutions. Implementation of PayKey helps to position any bank as an innovation leader and first to market with Social payments. It also serves as a strategic driver for promoting mobile banking services and increasing Millennial retention.
No. With PayKey banks can offer users instant access to additional banking services such as a balance check, instant deposit to a saving account, and more.
PayKey is available for both IOS and Android devices.
PayKey is a platform agnostic solution. It can be used within any social network and messaging app including Facebook Messenger, Whatsapp, Twitter, and others.
PayKey is a white label solution that becomes an integral part of the bank’s mobile application. Upon integration, the PayKey Payment KeyboardTM is available to all of the bank’s mobile users.
At the core of PayKey’s Social Payments solution is the patent pending Mobile Payment Keyboard™. This unique keyboard seamlessly integrates with the mobile banking application at the API level.
PayKey is a white label solution offering a set of customization capabilities that enable unique branding, payment flow, and additional services for each bank.
No. PayKey is a strict contact to contact solution. No need to know or type in the payee’s bank details.
Yes. Anybody with any bank account can receive money.
The whole transaction is handled by the bank. PayKey is not involved in the actual transfer of funds.
The Payment Keyboard™ is automatically downloaded to a user’s device upon installation or upgrade of the bank’s mobile application. Upon opening the app, a popup will be displayed encouraging the user to select the Payment Keyboard™.
Once the user taps the “Install Keyboard” button, the installation guidelines will be presented (tailored to each operating system: IOS or Android).
Changing a keyboard is simple and quick. The user only has to select the Payment KeyboardTM once in his or her device settings.
Integration is done with the bank’s mobile app, which provides a set of functions used by the Payment KeyboardTM to fulfill the payment flow.
There is no Backend integration involved.
The PayKey integration happens strictly at the API level, without touching any backend systems. We are typically able to finish integration within 30 days!
The PayKey solution is as secure as the bank’s mobile app. Since the solution is based on an SDK integration with the bank’s mobile app, it becomes an integral part of the bank application, hence supports the same security characteristics. The Payment Keyboard typically doesn’t initiate any networking activities, thus being totally resilient to breach threats.
PayKey enables each bank to dynamically personalize the authentication method based on a variety of parameters such as: user characteristics, transfer amount, total periodic volume etc. Obviously, all authentication methods are supported including pin code, pattern, touch ID and more.
PayKey is a Social Payment Solution that enables bank customers to send money to friends and family within any social network and messaging platform.
With PayKey, everyday banking becomes simple and frictionless. Users enjoy trusted, instantaneous, and contextual money transfer capabilities while chatting with friends and family. No need to open a dedicated app in order to transfer money – one payment button supports all apps!
The payment experience is intuitive and quick without the need to type in the recipient’s bank account details.
With PayKey, banks can regain P2P transactions that are now lost to digital wallets and dedicated solutions. Implementation of PayKey helps to position any bank as an innovation leader and first to market with Social payments. It also serves as a strategic driver for promoting mobile banking services and increasing Millennial retention.
No. With PayKey banks can offer users instant access to additional banking services such as a balance check, instant deposit to a saving account, and more.
PayKey is available for both IOS and Android devices.
PayKey is a platform agnostic solution. It can be used within any social network and messaging app including Facebook Messenger, Whatsapp, Twitter, and others.
PayKey is a white label solution that becomes an integral part of the bank’s mobile application. Upon integration, the PayKey Payment KeyboardTM is available to all of the bank’s mobile users.
At the core of PayKey’s Social Payments solution is the patent pending Mobile Payment Keyboard™. This unique keyboard seamlessly integrates with the mobile banking application at the API level.
PayKey is a white label solution offering a set of customization capabilities that enable unique branding, payment flow, and additional services for each bank.
No. PayKey is a strict contact to contact solution. No need to know or type in the payee’s bank details.
Yes. Anybody with any bank account can receive money.
The whole transaction is handled by the bank. PayKey is not involved in the actual transfer of funds.
The Payment Keyboard™ is automatically downloaded to a user’s device upon installation or upgrade of the bank’s mobile application. Upon opening the app, a popup will be displayed encouraging the user to select the Payment Keyboard™.
Once the user taps the “Install Keyboard” button, the installation guidelines will be presented (tailored to each operating system: IOS or Android).
Changing a keyboard is simple and quick. The user only has to select the Payment KeyboardTM once in his or her device settings.
Integration is done with the bank’s mobile app, which provides a set of functions used by the Payment KeyboardTM to fulfill the payment flow.
There is no Backend integration involved.
The PayKey integration happens strictly at the API level, without touching any backend systems. We are typically able to finish integration within 30 days!
The PayKey solution is as secure as the bank’s mobile app. Since the solution is based on an SDK integration with the bank’s mobile app, it becomes an integral part of the bank application, hence supports the same security characteristics. The Payment Keyboard typically doesn’t initiate any networking activities, thus being totally resilient to breach threats.
PayKey enables each bank to dynamically personalize the authentication method based on a variety of parameters such as: user characteristics, transfer amount, total periodic volume etc. Obviously, all authentication methods are supported including pin code, pattern, touch ID and more.
