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ClearPurchase: How it Works

Don’t Share Your Account Information
 
 Today, you share sensitive personal financial information when making purchases on-line and in a store. Fraud happens when hackers and merchants use your information to complete purchases without your approval. Why would you want to share personal financial information with anybody if you didn’t have to?
 
 With ClearPurchase, instead of providing your personal financial information while shopping, you authorize transactions at your bank. Your account information never leaves your bank and transactions cannot take place without your approval.

ClearPurchase - Fraud-Free Payment System

Online Online Mobile In-Store Mobile
  • At the merchant’s online checkout, the customer selects to pay using ClearPurchase, instead of typing in personal financial information such as credit card numbers, expiration dates and security codes.
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  • The customer logs into their bank’s web site and authorizes the purchase using any available account.
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  • The merchant receives the authorization immediately.
  • At the merchant’s online checkout, the customer selects to pay using ClearPurchase.
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  • The customer starts their bank’s mobile app on their cell phone, and authorizes the purchase using any available account.
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  • The merchant receives the authorization immediately.
  • At the store checkout, the customer selects to pay by ClearPurchase and waves their phone at the receiver. The customer does not need to provide the merchant with personal financial information such as a credit card.
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  • The customer starts their bank’s mobile app on their cell phone, and authorizes the purchase using any available account.
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  • The merchant receives the authorization immediately.
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