The biggest names in retail already reached for bank-funded payments — and each rented the machinery from a bank and a card network. BioePay is the model they were trying to build.
One wrapped a bank-account pull in a card issued by a bank, still on a card network. The other built a prepaid wallet shoppers must load first. Neither escaped interchange. Neither kept the customer.
A consortium of the largest retailers once tried to build a bank-funded, merchant-owned payment — and it collapsed. Not because the idea was wrong, but because of how they built it. We kept the idea and fixed every mistake.
BioePay runs on a payments and risk operation that has verified bank-account transactions at the point of sale since the 1970s — the infrastructure the newcomers are still trying to build.
Add a bank account and pick a PIN, right in the app. No forms, no approval, no waiting.
A phone number and a PIN. No wallet, no card, no app or smartphone required.
Nothing to issue, carry, or replace. The shopper's bank account is the card.
Lives inside the loyalty app shoppers already use. No new app, no new habit.
Fund rewards for enrollment and usage from the interchange you no longer pay — so shoppers have a reason to switch, and a reason to keep coming back. You own the customers and the loyalty; we bring the pay-by-bank rail, the risk controls, and the experience.
Our payment experts will map a pilot against your loyalty program — real conversion, your customers, before you scale anything.