Payments News

On The Web

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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 […]
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Providers

Citi’s Mexico Unit Takes First Steps Toward Open Banking

“To reach new consumers and businesses for savings and lending, Citibanamex isn’t just building new products — it’s building application programming interfaces, or APIs. This plan is also crucial for keeping existing customers who might move their accounts to a fintech. Rather than compete against those companies, Citigroup’s Mexico subsidiary (the 137-year-old Banamex, which Citi […]
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Providers

Mastercard Will Use Open Banking to Expand Beyond Payments

“Mastercard sees itself as a central player in the open banking regime, and is using an acquisition in the United States to build data analytics services, including for loan assessment and invoice management, as it moves beyond its traditional focus on cards and payments. Mastercard applied to the Australian Competition and Consumer Commission for accreditation […]
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Global

Brazil Postpones Third Phase of Open Banking Roll-out | ZDNet

“The roll-out of the Open Banking in Brazil has been postponed as the third phase of the initiative, due to start today (30) shifted to October 2021. Open Banking – a practice that allows third party financial services firms to access consumer banking, transactional and other data from through, and other data with their consent […]
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Providers

How FDX Standards Are Paving the Way for Open Banking in North America (VB Live)

“Financial institutions and fintechs are increasingly embracing open API standards , which help them connect with customers and deliver innovative services that improve customer financial health and deliver surprise and delight in brand-new ways. But there’s been no official standard framework for APIs in the U.S. — until now, with the establishment of the Financial […]

On The Wires

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Providers

MX and Payveris Bring Faster, Open-API, Digital Payments and Money Movement to Fintechs and Financial Institutions

“MX, the financial data platform and leader in modern connectivity, and Payveris, the leading integrated money movement platform, are partnering to expand seamless, low-cost, and low-risk money movement services by improving account connectivity for nearly every U.S. financial institution or fintech company. With the new integration, organizations can deploy intelligent digital payment and money movement […]
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Deals

Mastercard Expands Open Banking Reach With Acquisition of Aiia

“Mastercard (NYSE: MA) today announced it has entered into an agreement to acquire Aiia , a leading European open banking technology provider offering a direct connection to banks through a single API, allowing its customers to develop and launch new digital solutions that meet the needs of everyday life, work and play.”
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Providers

Astra Announces Partnership With Plaid to Enable Fintechs to Embed Automated Bank Transfers

“Astra , a technology company that offers advanced bank-to-bank transfer solutions, today announced a formal partnership with Plaid , a data network powering the digital financial ecosystem, to offer an integrated solution for developers to easily enable programmatic money movement for their customers. As part of the partnership, companies can use Plaid’s Auth product in […]