Payments News

On The Web

nbsp;

Providers

NatWest Preps for Live Roll Out of Variable Recurring Payments

“VRPs allow customers to connect authorised payments providers to their bank account so that they can make payments on the customer’s behalf within agreed parameters. This is a change to the current Open Banking status quo where TPPs can only initiate single immediate payments and customers have to authenticate each payment separately…Working with Open Banking […]
nbsp;

Providers

Exclusive: Klarna Spins Open Banking API Strategy With Dedicated Unit – AltFi

“Klarna is best known for riding the crest of ‘buy now, pay later’ wave but its booming open banking business is its new move. In the past year, the company has stealthily created a dedicated unit devoted to open banking, including doubling its bank connectivity in the past year from 6,000 to 15,000 banks making us the largest bank aggregator in […]
nbsp;

Providers

Open Banking Passes Five Million User Milestone

“Based on data provided by the CMA9, the nine banks and building society mandated to implement open banking in the UK, the new figures reflect a healthy trajectory. It took 10 months to grow the number of users from one million to two million in 2020. In contrast, it has taken just four months to […]
nbsp;

Providers

Lloyds Signs First Retailer for A2A Payments API

“Car dealership JCT600 has become the first retailer to use Lloyds’ new PayFrom Bank account-to-account payment product, displacing plastic cards at the online checkout. Launched in July last year, PayFrom Bank combines Mastercard’s Payment Gateway capabilities and its Open Banking Connect platform to deliver a merchant A2A payment page that covers around 95% of UK […]

On The Wires

nbsp;

Providers

Introducing Instant Bank Payments in Europe | TrueLayer

“European payments are about to get a lot faster. Today, TrueLayer’s complete payments product expands to Ireland, France, Germany, Spain, Lithuania and the Netherlands. TrueLayer Payments runs on the back of open banking and Europe’s fastest rails, letting you send and receive instant, data-rich bank payments in any app or website”
nbsp;

Providers

Finicity and Fiserv Offer More Consumer Choice Through Secure Data Access – Fiserv, Inc.

“Finicity, a Mastercard company, and Fiserv, Inc., both leaders in open banking technology, are advancing the future of open finance through secure data sharing. A data access agreement between the companies will allow thousands of Fiserv financial institution clients to enable consumers to provide clear and explicit permission to securely share their account information with apps that use […]
nbsp; nbsp; nbsp;

Providers

Green Dot and Plaid Partner to Give Customers Seamless Access to Their Money Through Secure Open Finance Solutions

“Green Dot Corporation (NYSE: GDOT) today announced it is partnering with Plaid, the data network powering the digital financial ecosystem, to bring secure open finance solutions to GO2bank customers. Launched in 2021, GO2bank is Green Dot’s flagship digital bank designed to give all people the power to bank seamlessly, affordably and with confidence.”
nbsp;

Providers

Trustly Introduces FlexPay by Trustly, a Deferred Settlement Product for Flexible Payments

“Trustly, the leading global payments platform for digital account-to-account transactions, is proud to introduce FlexPay by Trustly, a new product that gives consumers the flexibility to defer the settlement date of a debited amount to a date in the future. Merchants will have the ability to configure the deferred settlement periods to up to 30 […]