Payment Enablement

Validate account information to authorize account-to-account payments.

Try our APIs

Graphic depicting payment enablement product

Verify user information for payment initiation

Link a user’s account for the purposes of depositing or withdrawing funds. Examples of this use case include person-to-person payments, “pay by bank” tools, prepaid cards, bill pay, and tax refunds.

Akoya supports automated clearing house (ACH) and real-time payment (RTP) transactions by offering account numbers and routing numbers to facilitate money transfers.

Akoya will also support the tokenization of account and routing numbers through The Clearing House’s Secure Token Exchange.

Note: Akoya does not initiate payments. Actual money movement may be executed directly by the app via a sponsor bank or by a payment processor an app works with.

How it works

Graphic depicting send or receive payments from peers fintech

Graphic depicting selection of financial institutions or banks

Akoya redirects consumer to their bank to authenticate

Graphic depicting the process of identity verification and bank authorization step by step

Akoya redirects consumer to their bank to authenticate

Graphic depicting sign in for bank or financial institution

Akoya redirects consumer back to fintech app

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Akoya establishes data flow

Graphic depicting the fintech operating as intended with the example of payments

Akoya establishes data flow

Testimonials

“After one seamless integration onto Akoya, we are now able to authorize direct connections with data aggregators and fintechs that will use the Akoya Data Access Network. The data recipients that the customer authorizes to connect to their U.S. Bank account through Akoya will receive authorized and permissioned access to U.S. Bank customer data, all while giving consumers the confidence that their data is safe and secure.”

Gareth Gaston EVP & Chief Digital Officer, Enterprise Platforms & Capabilities, U.S. Bank

“We recognize how important it is for our customers to be able to use the financial applications of their choice in a safe and secure manner. Akoya’s capabilities help us meet the data sharing needs of our customers as well as data aggregators, data providers and other third parties, in line with evolving industry standards. This is good for our business, good for our customers and good for the industry.”

Bill Demchak Chairman, President, and CEO, PNC

“Consumers' personal financial data should only be accessed with their explicit consent and they should have the ability to monitor and revoke that access. For this reason, we created Akoya and are now joining with several financial institutions to accelerate the availability of a secure, transparent and more reliable network for the entire financial services industry.”

Abigail P. Johnson Chairman and CEO, Fidelity Investments