Payments News

On The Web

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Providers

Finicity Inks Data API Deal with Charles Schwab

“Finicity, an open banking software provider, announced Friday that it has signed a direct data agreement with Charles Schwab.  By sharing data via an API, Finicity says it will enable consumers, through their Schwab accounts, to more securely connect and allow direct access to their financial account data via third-party apps. The real-time financial data aggregation […]
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Providers

Pandemic drives surge in Open Banking-based payment initiation

“Financial API provider TrueLayer has recorded an eight fold increase in UK consumers using Payment Initiation (PI) to pay for goods and services online during the lockdown. The majority of growth (88%) was from people with bank accounts held at traditional financial institutions such as Lloyds or Barclays, with account holders at challenger banks such […]
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Companies

Open banking fintech Yapily partners with American Express

“Open banking infrastructure provider Yapily has partnered with American Express to assist in delivering Amex’s payment initiation service across Europe. The service, Pay with Bank Transfer, will use Yapily’s open API to gain bank coverage across selected European markets over the coming months. In addition, the two companies hope the alliance will enable Amex to […]
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Providers

LocalGlobe and TransferWise’s Taavet Hinrikus back ‘frictionless finance’ startup Radix

“Radix , a U.K. startup that’s building a decentralised finance protocol on which new financial apps can connect and be built on top of, has raised $4.1 million in new funding. Backing the company, which counts the Ethereum network and a number of other “DeFi” projects as competitors, is London-based seed-stage VC LocalGlobe and TransferWise […]

On The Wires

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Deals

Announcing Our $25m Fundraise to Open Up Finance

“We’re proud to announce that we’ve secured an additional $25 million investment, under our Series C, with participation from our existing investors. This investment takes the total amount we’ve raised to $72 million and means we can take the next steps on our mission to enable businesses everywhere to benefit from financial technology. TrueLayer makes […]
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Providers

TD enters into North American data-access agreement with Intuit

“TD Bank Group (TD) today announced a new data-access agreement with Intuit, maker of TurboTax, QuickBooks and Mint, which lays the groundwork for customers to request that TD transfers their financial data for services they want to use, including personal financial management apps supported by Intuit. The North American agreement signifies alignment between TD and […]
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Providers

MX Widens Lead With More Than 50,000 Connections To The Top Financial Institutions And Fintechs

“MX, the leading financial data platform enabling organizations to develop, launch, and power new money experiences, today announced that it has widened its lead as the top connector to financial institutions and fintechs with more than 50,000 connections. By offering multiple connections through direct-to-bank API agreements, partners, white-listed IPs, and consumer-permissioned access, MX ensures that […]
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Providers

Blackhawk Network appoints Moneyhub for leasing compliance solutions and Open Banking standards

“Blackhawk Network , one of the largest branded payments providers in the world, has appointed market-leading Open Finance data and intelligence platform Moneyhub to deliver its compliance with the Open Banking standards. Using Moneyhub, Blackhawk Network is able to demonstrate a secure, robust platform that adheres to the highest industry standards. The technology also enables […]
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Providers

Bottomline Boosts the Way Businesses Collect Cash With Pay Direct

“Bottomline, a leading provider of financial technology that makes business payments simple, smart and secure, today announced the launch of Pay Direct. This new Open Banking payment initiation service gives companies a more efficient and cost-effective way to receive online payment from customers. With the introduction of Open Banking, innovative financial applications are coming to […]