HSBC Selects iPIN to Power its iPAY@hsbc Service
HSBC has selected iPIN, to power its latest online payments offering. iPIN’s direct debit technology enables HSBC customers to make secure purchases at merchant web sites using their HSBC bank accounts. iPIN’s solution enables secure payment and transaction settlement over the Internet and provides a link between HSBC’s existing application system and its customers, using Internet browsers and online@hsbc management software. Online@hsbc users can shop at merchants participating in the venture by selecting the iPAY@hsbc icon on the shopping site to activate a separate banking related pop-up window. Customers can then settle payments for their purchases by simply entering their existing online@hsbc login name and password, and then selecting their preferred bank account from which to debit. With iPIN’s secure technology, customers’ bank account numbers and information are not passed between HSBC and the merchant, thereby protecting the customer from unauthorised access.