Payments News

On The Web

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Tech

IBM, Bank of America Team Up on Public Cloud Aimed at Banks

“The tool, unveiled Wednesday, features measures designed to meet the banking sector’s regulatory and compliance requirements, IBM and Bank of America officials said. They include automated security tools and top-level encryption—a process of preventing unauthorized access by converting data into code.”

On The Wires

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Tech

Volante Technologies Expands Payments As a Service on Microsoft Azure for U.S. Financial Institutions

“The new offering is the first to combine corporate to bank connectivity, corporate onboarding, and end-to-end processing of all U.S. domestic and cross-border payment types in a unified on-demand cloud service. In doing so, it addresses two of the most significant challenges for U.S. financial institutions: 74 percent of banks cite slow onboarding and complex […]