Payment intelligence provider ValidiFI has teamed with fuel/convenience retail tech company PDI Technologies. The collaboration, announced Wednesday (Nov. 20), will see ValidiFI provide real-time bank account validation for the consumer enrollment process for PDI’s payments solutions. This integration also covers GasBuddy, the PDI-owned fuel savings...
Last week, Nacha said its Payments Innovation Alliance formed a new project team seeking to answer the question, “What is pay by bank?” Via the project, financial institutions, providers and FinTechs, will delve into identifying “operational, risk and educational issues” associated with what Nacha called...
It’s still premature to say that open banking and pay by bank have truly arrived in the U.S. However, with the Consumer Financial Protection Bureau (CFPB) issuing the final Rule 1033 draft on Oct. 22, they certainly have more momentum. The ruling seems to have...
Despite the growing interest in digital payment methods, the adoption of pay by bank remains surprisingly low. A PYMNTS Intelligence report, “What Consumers Need for Pay by Bank to Catch On,” done in collaboration with Trustly, looks at the barriers to adoption and what payment...
October 28, 2024
Despite the growing interest in digital payment methods, the adoption of pay by bank remains surprisingly low. A PYMNTS Intelligence report, “What Consumers Need for Pay by Bank to Catch On,” done in collaboration with Trustly, looks at the barriers to adoption and what payment providers can do to educate more consumers about pay by […]
October 24, 2024
Although pay by bank is a relatively new offering, it is creating buzz in the business community. Executives see it as a potentially cost-effective payment method and recognize its...
October 19, 2024
Oct. 20, 2009. The United States was starting to see daylight out of the darkness of the worst financial crisis since the great depression. The Wall Street Journal reported that...
October 01, 2024
The promise of open banking is to foster a range of new products and services as banks link with FinTechs to use customer-permissioned data to tailor what they offer. Within...
November 25, 2024
Payment/software solutions provider Unzer has formed an open banking-focused collaboration with Mastercard. The collaboration, announced Monday (Nov. 25), makes Mastercard Unzer’s open banking partner in Germany, Austria and Denmark to enhance open banking account-based payments to power eCommerce payments across Unzer’s payment gateways. “Through this partnership, Unzer and Mastercard aim to create a unified digital […]
November 20, 2024
Payment intelligence provider ValidiFI has teamed with fuel/convenience retail tech company PDI Technologies. The collaboration, announced Wednesday (Nov. 20), will see ValidiFI provide real-time bank account validation for the consumer...
October 23, 2024
Pay-by-bank solution provider Dwolla is expanding its partnership with data network Plaid. The companies will integrate Plaid’s instant account verification and risk assessment tools into Dwolla’s pay-by-bank platform, according to...
October 23, 2024
Open banking payments firm Trustly said that it expects to process a record $100 billion in total payments value (TPV) in 2024. To date, more than 112 million consumers have...
