# JPMC-PDP Documentation from https://developer.payments.jpmorgan.com

# Pay by Bank 

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> - This page has been recently updated with the latest features, improvements and integration guidance. Please review the content to ensure you have the most current information.
> 
> - All new integrations are required to use Pay By Bank API version 2.x, which offers the latest enhancements and improvements. [Version 1.x](/docs/treasury/pay-by-bank/payment-initiation-service/how-to/payment-initiation-service-v1/initiate-a-payment-v1) will continue to be supported for existing clients only.
> 

## Access real-time account information and initiate instant payments across U.S., U.K. and EU markets through a unified Open Banking API

- Retrieve balances, transaction history and validate accounts with long-term or one-time access
- Initiate secure payments from customer bank accounts with instant confirmation and closed-loop refunds
- Set up recurring payment mandates with customer consent for subscriptions and automated transfers
- Benefit from enhanced security with consented access and streamlined reconciliation

J.P. Morgan’s Pay by Bank enables you to fully embrace the opportunities that Open Banking provides in multiple markets through our Account Information Service (AIS) and Payment Initiation Service (PIS) APIs.

### Account Information Service

Retrieve account information in real time. This supports account validation checks and provides access to account details.

[Learn more](/docs/treasury/pay-by-bank/account-information-service/overview)

### Payment Initiation Service

Initiate real-time pay-ins from customers to J.P. Morgan clients. This feature supports irrevocable payments and closed-loop refunds in the U.K. and EU.

[Learn more](/docs/treasury/pay-by-bank/payment-initiation-service/overview)

## How to choose

Explore how AIS and PIS differ in features, regional coverage and use cases to make an informed decision.

 
**The following table summarizes the key features, coverage and use cases of Account Information Service (AIS) and Payment Initiation Service (PIS)**

| Feature | AIS | PIS | 
| --- | --- | --- | 
| Primary use case | Retrieve and access customer account data | Initiate payments directly from customer bank accounts | 
| Transaction types | Information retrieval only (non-transactional) | Payment initiation (transactional) | 
| Access duration | Long-term continuous access (U.S.) or one-time access (U.K., EU) | Session-based payment initiation | 
| Coverage | U.S., U.K., EU (Germany, Italy, Spain, Netherlands, Austria) | U.K., EU (Germany, Italy, Spain, Netherlands, Austria) | 
| Key capabilities | Account validation, balance inquiry, transaction history, account linking | Instant payment initiation, closed-loop refunds, payment tracking | 
| Authentication flow | Consent-based account connection | Payment authorization through banking app | 
| Real-time status | Callback notifications and manual status checks | Real-time payment status with callbacks | 
| Refund support | Not supported | Yes (closed-loop refunds) | 
| Recurring payments | Account linking for recurring setups | Recurring payment mandates (U.K. only) | 
| Manual account entry | Yes (U.S. only) | No | 

## Capabilities

Pay by Bank provides secure connectivity for accessing accounts and initiating payment requests. With a single API you can:

- Unified account visibility: You can provide customers with a consolidated view of balances across their banks under a single consent, improving engagement and reducing onboarding friction.

- Payments at checkout: You can offer secure payments directly from customer bank accounts with instant confirmation, lowering costs while minimizing fraud and chargebacks.

- Streamlined payouts and refunds: You can execute fast, reliable disbursements to customers, with simplified reconciliation.

- Recurring payments: You can set flexible, consented mandates for subscriptions, bill payments, and savings transfers to reduce churn and payment failures.

## What you can build

The J.P. Morgan Payments ecosystem is designed for you. Our APIs work together seamlessly, so you can build solutions that use multiple capabilities. You can combine AIS with other J.P. Morgan Payments APIs to create advanced solutions. The following table provides an overview of our Pay by Bank services in multiple markets.

### Account Information Service

 
**Account Information Services Features**

| Feature | Description | U.S. | U.K. | EU | 
| --- | --- | --- | --- | --- | 
| Long-term account access | Maintain long-term access to customer account data beyond initial authentication, enabling continuous balance monitoring and transaction tracking. | ✔ |  |  | 
| One-time account reports | Retrieve detailed transaction history and account statements for customer accounts. |  | ✔ | ✔ | 
| Manual account entry | Allow customers to manually enter and verify their bank account details as an alternative to automated connection. | ✔ |  |  | 

### Payment Initiation Service

 
**Payment Initiation Service Features**

| Feature | Description | U.S. | U.K. | EU | 
| --- | --- | --- | --- | --- | 
| Instant payment initiation | Trigger immediate, one-time bank transfers directly from customer accounts with real-time confirmation. |  | ✔ | ✔ | 
| Recurring payments | Set up recurring payments with customer consent for subscriptions, bills and automated transfers. |  | Coming soon |  |