Financial technology firm FIS has formed a partnership with opening banking provider Banked. The collaboration is aimed at driving new pay-by-bank offerings for consumers and businesses, according to a Wednesday (Feb. 14) press release. “Pay-by-bank solutions simplify payments by combining the benefits of real-time payment rails with the flexibility and...
Open banking connectivity features are transforming the way consumers receive payouts from merchants, service providers and government agencies. These features allow consumers to link their bank accounts directly, using their existing bank logins, and receive funds instantly. According to “How Open Banking Can Provide Fast and...
FinTech company AppTech integrated its Commerse product and its newly-acquired FinZeo platform. Commerse is a portal that lets independent sales organizations and independent software vendors drive secure, scalable payments, digital banking and merchant services from a unified stack, according to a Thursday (Feb. 8) news...
Is PayPal getting ready to offer “offline” payments? The company seems to be indicating a move in that direction as new European Union regulations go into effect for its partner Apple, per a report Thursday (Feb. 8) by TechCrunch. As that report noted, the coming Digital Markets Act (DMA)...
Adyen says the second half of 2022 was much stronger than the first. The Dutch payments firm on Thursday (Feb. 8) released half-year financial results showing a 29% jump in processing volume and a 23% increase in net revenues. The company’s stock plummeted last summer...
Canadian FinTech Nuvei has launched an enhanced omnichannel payments solution for merchants and platforms. The unified commerce offering, being made available to customers outside of North America for the first time, lets businesses “develop new customer payments experiences with greater control and unified analytics effortlessly,” the company said...
Rahul Hampole, head of payments at Plaid, said pay by bank is gearing up for widespread adoption — but much depends on use cases that are offered, spanning pay-ins … and payouts. He noted that there’s already a history of banks linking to various payment options...
Online payments provider AffiniPay has debuted in-person payments for its professional customers. The new offering, announced Monday (Feb. 5), is designed to integrate in-person payment devices across products and interfaces, offering “on-the-go and in-office payments and with the latest ‘tap-to-phone’ technology for mobile.” According to the company’s announcement,...
Often as part of loyalty initiatives, brands and merchants partner with financial institutions to launch their own credit cards. These store cards or merchant-branded cards not only allow cardholders to access a series of benefits such as discounts or reward points when purchasing products, but...
