member badge
Phil at VenturEd Solutions
The Goal
To introduce Open Banking as a secure, cost-effective payment method within WisePay, enhancing the overall payment experience for users and aligning with modern financial standards.
Overview
This roadmap objective focuses on integrating Open Banking into WisePay to offer users a
direct bank transfer option
alongside traditional card payments. The initiative supports WisePay’s broader strategy to modernise its payment infrastructure and provide
flexible, secure, and efficient alternatives
for schools and parents.
Key Highlights
  • Introduction of
    Open Banking
    as an alternative payment method.
  • Secure bank-level authentication
    for transactions.
  • Reduced transaction fees
    compared to card payments.
  • Faster settlement times
    and improved reconciliation.
Customer Benefit(s)
The addition of Open Banking will:
  • Provide a
    more secure and streamlined payment experience.
  • Reduce costs for schools by lowering transaction fees.
  • Improve
    payment reliability and speed
    , especially for high-value transactions.
  • Offer
    greater flexibility
    for parents and guardians when making payments.