Payments News

On The Web

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Providers

NatWest Open Banking Upgrade Wants to Try and Kill Off Cheques for Good

“NatWest has unveiled a significant improvement to its open banking payments service . The enhancement to Payit by NatWest is aimed primarily at business users and promises to offer added convenience when companies need to send payments.   Payit by NatWest will now let businesses send payments directly to their customers without needing to have […]
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Providers

VibePay Continues the March to Bring Open Banking to Consumers

“VibePay has today announced it is bringing together AISP and PISP, leveraging its ability to practically apply Open Banking technology and take it to consumers. VibePay users can now connect all of their bank accounts to the app, giving them the power to view all of their balances, transactions and make payments in one place, regardless of who they bank with. […]
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Global

Open Banking Is Coming to Nigeria

“Last week, the Central Bank of Nigeria (CBN) released draft regulations for the open banking framework in Nigeria. It’s in line with the prediction by Stears Business that conversations around open banking regulations would move forward in Nigeria in 2021. What’s all the fuss about? Open banking, often described as the future of banking, is the idea […]
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Providers

Lloyds Taps Into Mastercard’s Open Banking Connect System

“Lloyds Banking Group is tapping Mastercard’s Open Banking software to enable customers to pay off their credit card bills via their mobile app and draw on funds directly from a current account of their choice. By initiating a PISP (Payment Initiation Service Provider) payment using Mastercard’s Open Banking Connect system, Lloyds Banking customers will no […]
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Providers

Bank of America Rolls Out Plaid Data Integration

“At a time when many U.S. banks can’t decide if they should be a customer , an investor , a partner , or just sue them , Plaid is the topic of many conversations within bank and fintech circles. The company is also fresh off the heels of pulling away from a merger with Visa […]

On The Wires

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Providers

Akoya Adds JPMorgan Chase to Its Data Access Network

“Akoya LLC announced today that JPMorgan Chase has joined the Akoya Data Access Network . Fintechs, data aggregators and other data recipients can now request application programming interface (API)-based access to Chase customer data through Akoya. The bank’s commitment to make secure data sharing available through the Akoya Data Access Network significantly increases the scale […]
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Deals

Token Secures $15m Series B to Power Open Payments Across Europe

“Leading open banking payments platform, Token, today announces $15m in Series B financing, welcoming investment from SBI Investment Co. Ltd. and Sony Innovation Fund by IGV as well as from existing investors Octopus Ventures, EQT Ventures and the venture arm of BNP Paribas, Opera Tech Ventures.”
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Providers

New Streamlined Data Sharing Risk Assessment Service | The Clearing House

“Financial industry leaders are launching a new service to make it more efficient for financial apps and data aggregators to provide assessment information to financial institutions (FIs), and for each FI to conduct its own risk assessment. The Streamlined Data Sharing Risk Assessment provided by TruSight and KY3P® by IHS Markit – third-party assessment services — incorporates […]