UseMyBank

UseMyBankUseMyBank is based on the principle that the financial services sector is developing quickly and that companies that choose to use the financial markets must keep up with the pace of change.

Nov 18, 2008 | www.usemybank.com

General
UseMyBank believe customers will pay a premium for services if they are integrated seamlessly, are delivered flexibly and are ready to embrace leading-edge thinking with existing online payment technologies.

UseMyBank uses the buyer's own Financial Institution. An automated online payment interface (AOPI) provides buyers the ability to make payments at the Internet sites of their own Financial Institutions.

The Automated Clearing and Settlement System for Sellers and Affiliates allows wire transfers, checks and other methods to be used. Easy-to-use summary and detailed reporting and management tools are provided.

UseMyBank does not maintain an account on your behalf. All accounts are with your existing Financial Institution. UseMyBank is a facilitation payment services that allows Sellers to accept payments directly from your existing online account and be notified in real-time. All authentication and payments are done through your Financial Institution.

Benefits
The benefits of UseMyBank are:
  • Total control over all payments through your existing online bank account.
  • All payments are cost free.
  • A direct approach to paying for goods and services over the Internet, just like paying cash or direct debit.
  • Privacy. UseMyBank only provides the Seller with the player's email address for verification.
  • Anonymity. No personal information is stored.
  • A simple dispute/resolution mechanism.

How to Fund
There is no funding activity. Funds are transferred from the user's existing account.

Security
Ensuring users' security is an ongoing process at UseMyBank. New advances in technology are evaluated on a day-to-day basis, and implemented to protect users' privacy. UseMyBank employs fraud prevention and detection systems to best protect its clients.

The information is passed through secure servers to the player's financial institution.

Currently UseMyBank supports the CAD (Canadian Dollar), and USD (United States Dollar).
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