Payments News

On The Web

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Providers

The Great Data Debate: An Akoya Point Of View

“There is a great battle being waged on your behalf and chances are you don’t even know it. Every day millions of people transact online, in stores, and in mobile apps.  All that detail of who, how much, and when you paid them is the heart of one of the most controversial topics in financial […]

On The Wires

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Standards

Financial Data Exchange (FDX) Reports 28 Million Consumer Accounts Use FDX API for Open Finance and Open Banking

“The Financial Data Exchange (FDX) today reports 28 million consumer accounts now use its FDX API for open finance and open banking data sharing. Since the group’s last report, more than one million additional consumer accounts were transitioned to the FDX API per month, representing an increase of six million additional consumer accounts that use […]
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Standards

Financial Data Exchange (FDX) Adds 26 New Members

“The Financial Data Exchange (FDX) has welcomed 26 new members since May 2021, bringing its total membership to 208 organizations. FDX members include financial institutions, financial data aggregators, fintechs, payment networks, consumer groups, financial industry groups and utilities and other stakeholders. FDX works through its members to define and promote adoption of its common, interoperable, […]
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Standards

Financial Data Exchange Releases FDX API 5.0

“The Financial Data Exchange (FDX) today announced a major update of its common open finance standards via the release of FDX API version 5.0. The new version of the FDX API significantly increases market standardization of financial data sharing around consent, user control and consumer dashboards, and aligns with other global standards like the Open […]
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Standards

Financial Data Exchange (FDX) Reports 22 Million Consumer Accounts on FDX API

“The Financial Data Exchange (FDX) today reports that 22 million consumer accounts are now using its FDX API for open finance data sharing. Since FDX’s last report in April 2021, over 1 million additional consumer accounts per month were transitioned to the FDX API, representing an increase of 6 million more consumer accounts using the FDX API today […]
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Standards

Financial Data Exchange Releases FDX API 4.6

“The Financial Data Exchange (FDX) has announced its Spring release of FDX API 4.6 including enhanced payment services, coverage of over 600 unique financial data elements, and a new Credit Management use case that will allow consumers to share and use their own financial data through the FDX API with applications covering lending and credit […]
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Standards

Financial Data Exchange (FDX) Adds 18 New Members

“The Financial Data Exchange (FDX) has welcomed 18 new members since the beginning of 2021, bringing its total membership to 186 organizations. FDX members include financial institutions, financial data aggregators, fintechs, payment networks, consumer groups, financial industry groups and utilities and other stakeholders. FDX works through its members to define and promote adoption of common, […]
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Standards

Financial Data Exchange (FDX) Announces Results of Annual Strategic Survey

“The Financial Data Exchange (FDX) today announced results from its 2021 annual strategic survey of its members. The FDX strategic survey provides an inside look at where leading financial firms are prioritizing technical standards work for consumer-permissioned data sharing and how the marketplace is maturing. Specific to the 2021 survey, FDX members indicated a desire […]
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Standards

Financial Data Exchange Adds 33 New Members

“The Financial Data Exchange (FDX) welcomed 33 new members in the past 4 months, bringing the total membership to 168 organizations. The group is collectively working to transition the financial services ecosystem to a modern, transparent, and secure API-based financial data sharing approach. Since its launch in 2018 with 21 founding members, FDX experienced an […]