Payments News

On The Web

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Providers

JPMorgan Launches SEPA Instant Payments

“JPMorgan is launching real-time payments across its European banking network.The roll-out of the Single European Payments Area (SEPA) Instant service means the bank now offers real-time payment capabilities in US Dollar, Pound Sterling and Euros. It said the system, which includes a single global Application Programming Interface (API), offers immediate payments finality, easier reconciliation, the ability […]
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Providers

JPMorgan’s Clampdown on Data Puts Silicon Valley Apps on Alert

“Long-simmering tensions between the financial industry and Silicon Valley startups are erupting behind-the-scenes into a battle over the reams of valuable data held inside Americans’ bank accounts. In recent months, major banks including JPMorgan Chase and Capital One have led the industry into a fresh campaign to control how outsiders tap into sensitive customer information. […]
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Providers

No Banking Charter? No Problem. Fintechs Team Up With Small-Town Banks

“Partnerships between high-flying tech companies and traditional banks, many of them tiny by comparison, are a key force behind the financial technology boom. Because virtually no tech companies have the license required to perform banking services, many of them partner with existing banks to offer a suite of services including checking accounts, credit cards and the back-end […]
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Industry

Coronavirus Heaps Misery on Europe’s Ailing Banks

“European banks have long been considered one of the weaker links in the global financial system. The coronavirus outbreak on the continent poses a fresh test of their health. Shares in European banks have been among the worst hit since the virus began to spread, first through Italy, and now through much of the rest […]

On The Wires

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Providers

FIS Cuts the Wait for New Credit and Debit Cardholders to Access Accounts

“Financial technology leader FIS ™ (NYSE: FIS) announced FIS Digital Issuance, a first-to-market solution that allows financial institutions to provide newly approved applicants with immediate mobile access to their credit and debit accounts. Avidia Bank is the first financial institution to begin offering the new FIS solution. Available to FIS credit or debit card processing […]
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Providers

Deluxe Joins Forces With ClickSWITCH to Offer a Digital Deposit and Revenue Growth Solution

“Today, ClickSWITCH and Deluxe, a Trusted Business Technology™ company, announced a new venture to provide Deluxe customers with a solution to reduce friction and increase deposits during the account opening process. ClickSWITCH provides a digital deposit solution to financial institutions allowing account holders to switch direct deposits and recurring payments in just a few minutes. […]
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