The new feature helps customers with current accounts in other high street banks to do more of their everyday banking from one place
UK banking giant Barclays has now enabled its customer to make payments from its app, from the current accounts held in other banks.
Using application programme interface (API) technology and open banking, the new feature could help customers with current accounts in other banks to do even more in their everyday banking from one place.
Presently, the new service is available to all customers who view their NatWest, Nationwide or Bank of Scotland current account through their Barclays app. More banks including Santander, Lloyds, Halifax and RBS, will be added in the near future, the bank said.
The new feature helps Barclays customers in taking care of their money management at one place, by letting them make payments through the Barclays app.
Barclays open banking director Caroline Ambrose said: “Day-to-day life is busy enough without juggling multiple banking apps to stay on top of your finances. That’s why we’re working to make our customers’ lives easier by putting everything in one place and adding features that help them manage their money in a secure and straightforward way.
“Payments is the next step in our journey towards giving our customers even more control over their money, and easier ways to do their everyday banking tasks.”
Barclays claims that the new payments feature was designed, keeping in mind customer security. It uses an industry approved Open Banking API technology to ensure that the process is secured for the customer.
Barclays app users can disable the new feature instantly
To use the feature, customers need to add the personal or business current account they hold with another bank into their Barclays app. It can be done simply and securely within the app. When the customer changes his or her mind, it can be switched off instantly.
Once the account details have been added in the app, the customer can view their balance and transactions and can also securely make payments using the new feature.