Whether a reworking or an outright rescission of the Consumer Financial Protection Bureau’s open banking rule is on the horizon, some of the most basic tenets of data-sharing underpinning financial innovation will be front and center throughout the next few months. The President Donald Trump...
Mastercard has teamed with British FinTech Cardstream to promote open banking payments. The partnership will allow Cardstream to bolster its Payment Facilitation-as-a-Service (PFaaS) platform and allow customers to offer open banking payments to merchants and retailers throughout the U.K., the companies said in a Wednesday (May 7) news release....
The Trump administration is reportedly preparing to re-examine a Biden-era rule governing open banking. That’s according to a report Monday (May 5) from Bloomberg Law, citing sources who say the Consumer Financial Protection Bureau (CFPB) could rework the rule, which lets customers share deposit account...
Acquired.com joined 30 other organizations in a collective effort to create a new company that will work to establish and serve as a central operator for commercial variable recurring payments in the United Kingdom. Commercial variable recurring payments are a new payment method that enables...
May 02, 2025
Value-added services, once the free sprinkles card networks tossed on top of plain vanilla processing contracts, have become core product offerings in an industry racing to stand out and shore up margins. Competitive pressure, shrinking interchange spreads and merchants’ rising bargaining power are pushing processors “to expand into value-added services like analytics, rewards and lending, […]
April 30, 2025
The groundwork is being laid for the movement of the insurance industry fully into the digital age. One Inc. Chief Product Officer Sarah Owen told PYMNTS in an interview that...
April 07, 2025
Despite its potential, pay by bank, or open banking payments, remains a largely untapped opportunity, but a new report suggests that the right incentives could be the key to unlocking...
March 18, 2025
The convergence of ACH, open banking and account validation has the potential to make transactions more secure — and faster — as instant payments gain ground in the U.S. The...
May 13, 2025
The Consumer Financial Protection Bureau (CFPB) is preparing to review its open banking rule. That rule was issued by the CFPB last fall, covering consumer-permissioned data that touches banks, FinTechs, apps and digital wallets, governing data security, liabilities and fee structures as financial institutions share account-level data with FinTechs. And as Bloomberg News reported Tuesday […]
May 07, 2025
Mastercard has teamed with British FinTech Cardstream to promote open banking payments. The partnership will allow Cardstream to bolster its Payment Facilitation-as-a-Service (PFaaS) platform and allow customers to offer open banking payments to...
May 06, 2025
The Trump administration is reportedly preparing to re-examine a Biden-era rule governing open banking. That’s according to a report Monday (May 5) from Bloomberg Law, citing sources who say the...
May 02, 2025
Acquired.com joined 30 other organizations in a collective effort to create a new company that will work to establish and serve as a central operator for commercial variable recurring payments...
