Payment tech provider Tribe Payments has entered a partnership with ClearBank to provide its customers with better access to payment schemes.

The collaboration aims to strengthen the company’s Bank Connect solutions by enabling clients to quickly and easily integrate Faster Payments, CHAPS, BACS and Direct Debit payments to improve the functionality of their offerings.

The integration will allow end-users to instantly make and receive funds from their account, as well as initiate salary payments via BACs, and set-up Direct Debits.

“Fintechs need access to banking systems to create more powerful convenience-driven customer propositions,” said Alex Reddish, chief commercial officer, Tribe. “Bank Connect helps to standardise access to these banking systems, cutting out complexity and unnecessary third-parties. Thanks to our collaboration with ClearBank, we can add vital payment functionality through a single API integration, giving firms the ability to provide their customers with choice, plus the chance to expand their reach, and reduce cost.”

Tribe Payments’ Bank Connect solution has been integrated with ClearBank’s API first platform. Bank Connect helps FinTechs that have a card programme or digital wallets on Tribe’s platform, to add banking services to their payment products.

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