Payments News

On The Web

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Providers

Plaid and U.S. Bank Agree to Share Bank Customer Data Through an API

“The data aggregator Plaid and U.S. Bancorp have agreed to share bank customers’ account data through an application programming interface, rather than through screen scraping. This is not a first. Plaid says it has forged data-sharing agreements with the majority of the top 10 financial institutions and it has an API-based data exchange that’s used […]
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Providers

Finicity Plots Growth in Mortgage and Credit in Yellow Sneakers

“Finicity’s technology can, for example, help mortgage applicants instantly authorize payroll-based verification of their incomes , which allows them to more easily apply for loans with companies like Bank of America and or digital lender Rocket Mortgage. The two government-sponsored enterprises that control a large segment of the U.S. housing finance market, Fannie Mae and […]

On The Wires

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Providers

The Evolution From Data Access to Data Control | Plaid

“At Plaid, we believe that people should have control over their financial information. We built our first API to help people connect their accounts across thousands of financial services providers. Now we’re building new experiences to give people even more control over the financial data they choose to share with their favorite digital finance tools. […]
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Providers

Akoya | Easily Access and Securely Share Consumer Financial Data

“Akoya LLC announced today that Jack Henry & Associates, Inc. has joined the Akoya Data Access Network. The agreement will enable more than 400 banks and credit unions using Jack Henry’s Banno Digital Platform to securely connect with fintechs and data aggregators through the application programming interface (API)-based network this year. By integrating with Akoya, […]
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Providers

Partnering With Railsbank to Power the Next Generation of Financial Needs | Plaid

“Through a strategic partnership, Railsbank customers in the UK will gain access to Plaid’s Payment Initiation API to accept instant bank payments directly within their app or website. With Plaid’s API, Railsbank customers—in fintech and beyond—can enable instant account-to-account transfers and create innovative payments journeys. As a result of the partnership, Railsbank customers have all […]
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Providers

Jack Henry, Finicity Partner to Empower Community Financial Institutions With Open Banking Capabilities

“Jack Henry & Associates, Inc.® (NASDAQ: JKHY ) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Jack Henry announced today that it has partnered with Finicity , a Mastercard® company. Finicity’s integration to the Banno Digital Toolkit SM enables community financial institutions to provide consumers with the freedom to […]
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Providers

GoCardless Launches Open Banking Payments, Offering Businesses a New Alternative to Taking One-Off Payments

“GoCardless , a leading fintech for bank-to-bank payments, today launched Instant Bank Pay , a new open banking feature directly integrated into its global payment platform. With Instant Bank Pay, merchants can take instant, one-off bank-to-bank payments from new and existing customers while still reaping the benefits of bank debit for their recurring payments…With the […]
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Providers

MX And Moov Bring Faster Account Verification, Money Movement To Fintechs

“MX, the leader in modern connectivity and data enhancement for financial institutions, today announced it is partnering with Moov Financial, the developer-first payments platform, to provide instant account verification (IAV) and money movement to fintechs and companies of all sizes. Moov’s technology allows platforms, marketplaces, and software companies to quickly embed payment functionality into their […]
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Deals

TrueLayer Raises $70m to Build the World’s Most Valuable Open Banking Network

“TrueLayer , Europe’s leading open banking platform, today announced it has secured a $70m Series D investment round led by new investor Addition. The latest raise reflects the growing demand for its open banking-based services and marks another significant milestone for TrueLayer on its mission to open up finance, building an open banking network that […]