Payments News

On The Web

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Providers

FinTech Automation (FTA) Signs Agreement With Finicity, a Mastercard Company

“The agreement with Finicity provides FTA’s customers access to consumer-permissioned account data for secure account validation and ownership when opening new accounts. This allows consumers to connect their primary account to deposit funds into a new investment account. It signals the end of tedious validation methods like micro-deposits, which can take days to clear, and […]
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Providers

TrueLayer and NatWest Make the First Open Banking VRP Transaction

“TrueLayer , Europe’s leading open banking platform, has reinforced its reputation as an industry innovator by making the industry’s first Open Banking variable recurring payment (VRP) transactions with NatWest…VRPs are an additional Open Banking API that the nine largest UK banks have been instructed to build by the Competition and Markets Authority (CMA) for sweeping. […]
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Domains

Aiia Collaborates With Netcompany on Open Banking Payments

“European open banking leader Aiia enters collaboration with one of the most successful software technology companies in the Nordics, Netcompany. N Netcompany is launching ‘mit.dk’, a new platform to streamline digital communication between the Danish people and public and private sector companies. The platform is set to bring open banking powered payments to the masses […]
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Providers

What Would Persuade Bank Holdouts to Share Customer Data?

“As U.S. rules and standards are developed for banks to share customer data with fintechs, there’s one obstacle that’s rarely discussed openly: Some banks simply don’t want to do it. Some traditional banks, given their legacy equipment and the extra red tape involved in such efforts, are reluctant to hand over data to third-party fintechs, […]
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Providers

Eye On Open Banking: Plaid Supports New Payments Services for Nuvei And Circle

“The rapidly expanding utility of open banking for instant funding came into sharp relief early Thursday with announcements from payments processors Nuvei Corp. and Circle Internet Financial Corp. Montreal-based Nuvei , which has been cultivating its stake in the U.S. gaming market, said consumers can now move money instantly from their bank accounts to digital […]
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Providers

TrueLayer Takes the Pain Out of Payouts With Open Banking

“TrueLayer is tackling the issue of slow merchant withdrawals and refunds with the launch of a new Open Banking-based instant payouts feature. TrueLayer’s PayOuts combines Open Banking verification and fast payment rails to overcome the arduous process of conducting due diligence on customer profiles before issuing payments. The product works by matching the name provided […]

On The Wires

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Providers

How Ecolytiq Is Supercharging Their Sustainability Solution With Tink

“This new strategic partnership with Tink lets banks and financial institutions add open banking to their arsenal in the fight against climate change. By integrating Tink, ecolytiq can complement their Sustainability-as-a-ServiceⓇ solution by letting their customers access users’ real-time transaction data directly from their bank accounts.”
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