NatWest biometric payment approval solution is now available for business and commercial banking customers.

The launch is a first for the UK. It allows business to make payments of any size through their Bankline Mobile app using Face ID or Touch ID.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Therefore, users don’t need to bother with a card reader. With this new feature, business can also authorise numerous users to set up payments. From there, business owners can approve on the go through their app.

Frequently, owners spend hours every day on business admin. This app provides additional flexibility and ease over their payment management.

Furthermore, customers can make a payment transactions going through enhanced security features. Once the device is registered, customers can set up and approve a transaction using secure biometric authentication. Once the user has chosen either Face ID or Touch ID , they simply enter their six digit Bankline Mobile Keycode to complete the process.

The bank is investing more time into providing innovative solutions for businesses. In March 2019, NatWest and Tieto partnered to launch a new virtual account platform for SMEs and corporate customers.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

With the new platform, customers can digitally self-serve all aspects of their clients’ account management activity. This will take place on one single and centralised platform.

NatWest biometric payment delivers enhanced security

Biometric authentication is rapidly becoming a popular way to validate a persons’ identity.

Passwords are outdated and constantly getting hacked by online fraudsters with far more sophisticated technology.

The feature complies fully with PSD2 regulations that govern Secure Customer Authentication which due to come into effect later this year.

Chief Operating Officer, commercial and private banking at NatWest, James Holian, says: “We know that ease, speed and security are important to our customers, and that’s why we’re excited to be the first UK bank to offer biometric payments of any size, through our Bankline Mobile app.

“By offering unprecedented levels of security via three levels of unique authentication, as well as the ability to make payments of any size, we feel this is another important innovation that will make it easier for our customers to get on with doing what they do best: running their business.”