Yapily blog

Learn more about open banking, explore use cases, and stay up-to-date on industry and company news…all in one place

Open Banking payments are no different to interbank payments and require both the highest security standards and an additional layer of protection from financial providers, in order for consumers to build confidence in using these payment services.

Andria Evripidou

6th April 2021

7 min read

Building Consumer Protection in Open Banking Payments
How Open Banking payments can benefit ecommerce businesses and online payments.


26th November 2020

4 min read

4 ways Open Banking payments can help ecommerce businesses

This year has been a rollercoaster of lockdowns and restrictions. Businesses have suffered significantly, but online businesses have thrived. UK non-store sales rose by 102.6% in June, according to data from BDO’s High Street Sales Tracker (HSST). As expected July and August also saw a large increase of 81.6% and 72.4% in non-store sales year on year.

A Reverse Payment is an essential functionality for a merchant when using Open Banking, ultimately Open Banking reverse payments are refunds. However, they work in a slightly different way to traditional refunds, hence why they are called reverse payments.


14th October 2020

3 min read

What are Reverse Payments in Open Banking?

Simply put, a reverse payment in Open Banking is a secondary payment to the original payer for the same monetary amount, effectively ‘refunding’ the original payment.