By the end of 2019, approximately 10 million of the 60 million consumer current accounts in the U.K. will have access to the Pay By Bank app, a mobile commerce payment service owned and operated by Mastercard’s Vocalink subsidiary. So far, Barclays, HSBC, and First Direct have committed to Pay By Bank, which enables consumers to push a payment from their bank account to a merchant’s deposit account. It will be a feature inside a mobile banking app. There is no card. The Pay By Bank app does not compete with credit cards. It will be a choice for consumers who currently pay on the mobile ...