No. Authentication and authorization of a payment instruction are distinct from clearing and settlement. Keyra-related payment authentication—including any KPAN flows—addresses confidence in who approved a transaction request. Movement of funds remains with issuers, schemes and payment processors under their rails.
Banks can evaluate Keyra for stronger customer or employee approval of sensitive instructions by binding hardware-verified authentication to authorization policy controls. Payment rails and settlement remain bank-operated responsibilities. Pilot eligibility, scheme rules and regulatory constraints must be confirmed for each institution.
