- Wednesday 13th March - 5:36 pm
Search online for the words “Facebook scams” and your search engine will immediately deliver myriad news stories warning consumers to be vigilant when scrolling through the site.
One recent story specifically identifies ...
- Wednesday 13th March - 11:37 am
All the complexity and complications inherent to B2B payments have one, simple solution: going digital.
But despite a sea of change in the payments world, change that is made up of ...
- Tuesday 12th March - 11:53 am
Mastercard is piloting a subscription management solution that financial institutions can add to their consumer banking offerings.
The new Smart Subscriptions solution enables consumers to cancel, pause and resume their subscriptions, ...
- Monday 11th March - 4:05 pm
British banking-as-a-service (BaaS) platform Griffin is now officially a fully operational bank.
The company announced Sunday (March 10) that it had received approval from the U.K.’s financial services regulators, the Prudential ...
- Monday 11th March - 8:20 am
Nexi has chosen Mastercard to help it support open banking account-based payments throughout Europe.
“Through this partnership, Mastercard Open Banking will facilitate e-commerce payments across Nexi’s gateways serving merchants across Europe,” the companies said in a ...
- Thursday 7th March - 4:02 am
The payments journey, and landscape, is an ever evolving one, but one thing is certain: fraudsters will try to exploit any vulnerability they can to access money and data that ...
- Monday 4th March - 10:47 am
Last month, a top financial industry regulator voiced concerns that banking and FinTech collaborations might be “blurring the lines” between banking and commerce.
According to Michael Hsu, CEO of the Office ...
- Sunday 3rd March - 10:54 pm
The digitization of financial services — and the rise of open banking — has given rise to a shifting landscape of partnerships.
And the pursuit of innovation has led to a ...
- Friday 1st March - 3:48 pm
Financial institutions are beset on all sides.
The PYMNTS Intelligence report “New Data: FIs Cooling on Open Banking but Still on Course for Real-Time Payments” found that more than a third ...
- Wednesday 28th February - 10:20 am
Mastercard is preparing to launch a new digital account opening experience for select U.S. debit and prepaid products.
The program will use open banking solutions to streamline and secure the account ...
- Tuesday 27th February - 4:30 pm
Account-to-account (A2A) payment solution Dwolla now offers open banking services.
The new integration, announced Tuesday (Feb. 27), adds services like instant account verification, balance checks and fraud mitigation to the company’s ...
- Tuesday 27th February - 1:07 pm
Nearly half of financial institution executives are concerned that open banking may not be a positive value proposition — especially in an environment of increasing fraud.
Forty-six percent of FIs said ...
- Monday 26th February - 4:03 am
Open banking is transforming the banking industry. It grants third-party FinTechs access to the financial data and funds traditional financial institutions (FIs) manage. Doing so can pave the way to ...
- Thursday 22nd February - 3:09 pm
Zūm Rails has raised $7.7 million to expand its open banking/instant payments solution.
The Montreal-based company announced the $7.7 million ($10.5 million CAD) Series A funding round Thursday (Feb. 22), saying it would use ...
- Tuesday 20th February - 5:05 pm
OpenPayd has partnered with TrueLayer to enhance the instant payment solutions it offers its clients.
By leveraging TrueLayer’s open banking payment network throughout the United Kingdom and Europe, OpenPayd will enable instant account-to-account (A2A) ...
- Wednesday 14th February - 12:24 pm
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 ...
- Wednesday 14th February - 4:03 am
Matt Janiga, legal counsel and director of regulatory and public affairs at Trustly, told PYMNTS that the Consumer Financial Protection Bureau’s open banking rule, commonly referred to as Rule 1033 ...
- Tuesday 13th February - 3:00 pm
eCommerce solutions firm Radial is partnering with open banking payment platform Link Money on a pay by bank tool for merchants.
The tool uses Link Money’s proprietary artificial intelligence/machine learning model to send payments, eliminating ...
- Monday 12th February - 6:40 pm
It’s mid-February, and the tone of earnings season — along with various partnership announcements — has underscored the value of data harnessed by all manner of providers to make open ...
- Thursday 8th February - 6:03 pm
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 ...
- Thursday 8th February - 3:25 pm
FIS has debuted a platform that lets its clients’ customers share banking data.
The Florida-based global FinTech has signed agreements with data networks Akoya, Envestnet, Yodlee, MX and Plaid to integrate into the FIS Open Access platform, the company ...
- Thursday 8th February - 4:01 am
Anticipation looms within the financial industry as the Consumer Financial Protection Bureau gears up to implement a rule governing consumer data sharing.
The CFPB said the proposed rule will accelerate a ...
- Wednesday 7th February - 7:00 am
Trustly has integrated MX Technologies’ data enhancement services into its open banking product suite.
With consumer-permissioned transaction data that has been cleansed and categorized, Trustly merchants will be better able to make marketing ...
- Wednesday 7th February - 4:00 am
In today’s fast-paced world, consumers expect quick and seamless payment experiences. This means that when they receive payouts, they want them to be processed and deposited into their accounts without ...
- Monday 5th February - 3:47 pm
Open banking is set to change the world.
But viewed through the lens of what’s happened so far, and through the lens of the United Kingdom’s experience, the road to transformation ...
- Friday 2nd February - 11:37 am
Beyond the debit and credit card issuance, beyond the consumer spending, the networks see growth ahead underpinned by new payment flows.
The recent spate of earnings results from Mastercard and from ...
- Wednesday 31st January - 3:10 pm
Open banking payments network TrueLayer is offering its products via Worldline’s payment orchestration platform.
Beginning Wednesday (Jan. 31), Worldline Payment Orchestration merchants can enable TrueLayer’s payment products including Payments, Payouts and Signup+ in the U.K. and ...
- Tuesday 30th January - 1:21 pm
Mastercard has launched an expanded payments partnership with Oklahoma’s BOK Financial.
The collaboration, announced Tuesday (Jan. 30), makes Mastercard the exclusive payments network for BOK’s debit and commercial portfolios, and expands the company’s relationship with ...
- Monday 22nd January - 4:00 am
Open banking promises to forge new financial ecosystems as data is shared among banks, corporates and consumers.
Easier said than done. Banks must be on board. Corporates must be on board. ...
- Wednesday 3rd January - 12:26 pm
The movement to open banking here in the states will prove more marathon than sprint — with twists and turns along the way, with the demise of screen scraping on ...
- Tuesday 2nd January - 6:53 pm
Two financial industry groups say proposed consumer financial data rules don’t go far enough.
The Clearing House Association and the Bank Policy Institute submitted recommendations to the Consumer Financial Protection Bureau (CFPB) ...
- Wednesday 20th December - 6:00 pm
December’s on the way out.
Congress is quiet, on recess until the beginning of next year. The Supreme Court’s not hearing arguments at the moment. The regulators are wrapping up as ...
- Wednesday 20th December - 4:00 am
Instant payments have been available across the payments landscape for years.
But what will it take for it to scale enough and successfully challenge the traditional payment methods most end-users are ...
- Monday 18th December - 8:36 pm
Xero, a global small business platform, has partnered with Flinks, an open banking firm, to enhance banking data access for small businesses.
This collaboration aims to provide small businesses in Canada and ...
- Monday 18th December - 2:43 pm
Open banking is on the rise. By enabling the sharing of customer financial data between banks and third-party service providers through application programming interfaces (APIs), open banking is reshaping the ...
- Wednesday 6th December - 3:07 pm
Mastercard and credit card-as-a-service company Brim Financial formed a partnership.
The tie-up aims to modernize credit card infrastructure in the United States and power innovation in credit card platforms, the companies ...
- Monday 4th December - 3:34 pm
A decade ago, in 2013, Amazon counted around a thousand robots across its fulfilment warehouses.
That same year, tech giant Google spent more on headcount and people costs than it did ...
- Friday 1st December - 3:27 pm
The Algorand Foundation has made a strategic investment in HesabPay, an interoperable digital payments platform in Afghanistan that uses the Algorand blockchain.
The investment was revealed at the Algorand Impact Summit in New Delhi, ...
- Thursday 30th November - 3:58 pm
The Consumer Financial Protection Bureau (CFPB) sends 20,000 complaints to companies for responses every week.
“I am proud of the CFPB’s work in getting consumers the resolutions they deserve, often through ...
- Wednesday 22nd November - 4:02 am
Serena Smith, chief client officer at i2c, told PYMNTS that the shift to faster payments and open banking will spur financial institutions to take a close look at their technology ...
- Tuesday 21st November - 11:39 am
Plaid has named former Adyen executive Brian Dammeir to oversee its European operations.
Speaking to CNBC Monday (Nov. 20), he said the thing that excited him most about joining the digital finance firm was “the opportunity ...
- Thursday 16th November - 10:07 pm
Bold Commerce, a checkout company for omnichannel retailers and direct-to-consumer (DTC) brands, has partnered with Link Money, an open banking payment platform, to enhance payment options for merchants.
This collaboration aims to ...
- Friday 10th November - 10:33 am
Online bank transfers, also known as pay-by-bank transfers, can be used to pay recurring bills and are the third most frequently used for this purpose after debit and credit cards.
Adoption ...
- Thursday 2nd November - 11:40 am
Nuvei has become the first acquirer to sell American Express’ open banking payment method.
The collaboration, announced Thursday (Nov. 2), will see Nuvei promote Pay with Bank transfer (PwBt), which lets ...
- Monday 30th October - 6:32 pm
Dwolla, an account-to-account payment services provider, has expanded its Dwolla Connect solution by integrating it with the open finance ecosystem.
This integration allows Dwolla Connect clients to securely transfer open finance data ...