Pay By Bank news and trends

Trustly Unveils AI-Powered Recurring Payments Solution in Europe
Artificial Intelligence // June 13, 2024

Trustly unveiled an artificial intelligence-powered recurring payments solution that is designed to streamline subscription payments. By automating these payments, the new Trustly Recurring Payments aims to minimize churn and reduce fraud and payment failures, the company said in a Thursday (June 13) press release emailed...

Trustly Inc. CEO Says Pay by Bank Is the Next-Gen ACH
Payments Innovation // June 13, 2024

It’s said that imitation is the sincerest form of flattery. If that’s the case, payments industry veteran and Trustly Inc. CEO Alex Gonthier should feel quite validated these days. While he is currently in charge of one of the leading proponents of open banking and...

5 Things to Watch as Open Banking Gains Ground in the US
Regulation // June 06, 2024

Open banking’s success in the United States — as with any ecosystem — will hinge on several factors, none guaranteed. But, with lessons learned from abroad, and with an incrementally clearer picture of regulation and what consumers want, a few guideposts can be set along...

Alternative Payment Methods Help Build-A-Bear Workshop Adjust to New Consumer Spend Trends
Payment Methods // June 04, 2024

The very nature of commerce itself is changing. We’re no longer doing everything online, and the post-pandemic economy demands that a broad — and growing — range of payments options be on offer, no matter where consumers are shopping. The payments modalities and data analytics...

Interviews & Exclusives
5 Things to Watch as Open Banking Gains Ground in the US

June 06, 2024
Open banking’s success in the United States — as with any ecosystem — will hinge on several factors, none guaranteed. But, with lessons learned from abroad, and with an incrementally clearer picture of regulation and what consumers want, a few guideposts can be set along the way. The goal is to make it easier for […]

Alternative Payment Methods Help Build-A-Bear Workshop Adjust to New Consumer Spend Trends

June 04, 2024
The very nature of commerce itself is changing. We’re no longer doing everything online, and the post-pandemic economy demands that a broad — and growing — range of payments options...

Instant Payments Drive Profits for the Small Restaurants That Use Them

May 31, 2024
Forty percent of the independent mom-and-pop restaurants in the U.S. that generate $10 million or less annually now use instant payment rails as their primary method to send funds. And...

Credit Union Innovation Hinges on Payment Speed and Security

May 30, 2024
In an era of rapid technological advancement, there remain certain immutable aspects — particularly for payments. When it comes to the way businesses and consumers transact, speed, security and convenience...

Quick Reads
Trustly Unveils AI-Powered Recurring Payments Solution in Europe

June 13, 2024
Trustly unveiled an artificial intelligence-powered recurring payments solution that is designed to streamline subscription payments. By automating these payments, the new Trustly Recurring Payments aims to minimize churn and reduce fraud and payment failures, the company said in a Thursday (June 13) press release emailed to PYMNTS. The solution is now available in seven European […]

Trustly CEO: IPO Is Still 1 to 2 Years Away Despite Profit Jump

May 30, 2024
The CEO of Swedish FinTech Trustly says going public is not yet on the company’s radar. Speaking to CNBC Thursday (May 30), Johan Tjarnberg said that although his company just recorded a 51% increase in operating...

Stripe Steps Up UK Expansion With London Office

May 21, 2024
Stripe is reportedly opening a new London location as part of a larger U.K. expansion. This new office will house 250 workers from the payments company’s engineering, sales, partnerships, financial compliance and operations...

Aeropay Raises $20 Million for Pay-by-Bank Offering

May 16, 2024
Digital payments company Aeropay has raised $20 million in new financing. The company, which specializes in pay-by-bank, announced the Series B funding in a Thursday (May 16) press release, saying it would use the financing...