It’s still premature to say that open banking and pay by bank have truly arrived in the U.S. However, with the Consumer Financial Protection Bureau (CFPB) issuing the final Rule 1033 draft on Oct. 22, they certainly have more momentum. The ruling seems to have...
Keeping pace with innovation can be daunting. For small- to mid-sized banks, credit unions and FinTechs, implementing the latest money movement integrations like real-time payments and more can be a steady drain on at least three fronts: time, resources and money. That’s where the concept...
As we head into the fourth quarter of arguably the most innovative year in payments since the pandemic, the liberation of capital is emerging as the story of the year. Money movement is becoming intuitive and friction-free, a part of what happens in the background...
There’s no shortage of analysis of the various use cases where payments, credit and other offerings can be delivered outside the realm of traditional financial services. But maybe what’s needed is more conversation about how it all needs to be delivered — and what gets...
Although the technology has come a long way in a short period of time, it’s not like an organization can hit a switch and migrate to the cloud. Not yet, anyway. Migrating to the cloud can be a complex undertaking, particularly for banks with legacy...
A group of four FinTech and PayTech brands called The Payments Group (TPG) launched Monday (Oct. 21), saying it offers a “360-degree payment service.” TPG’s brands — Funanga, Calida Financial, TWBS and Surfer Rosa — joined with a company formerly named SGT German Private Equity...
Open banking payments firm Trustly said that it expects to process a record $100 billion in total payments value (TPV) in 2024. To date, more than 112 million consumers have used Trustly’s products, the company said in a Wednesday (Oct. 23) press release emailed to...
Canadian FinTech Nuvei has announced a partnership with open software-as-a-service (SaaS) eCommerce platform BigCommerce that it says will globally enable customizable payment solutions that were previously only available to large enterprise companies. According to a press release on Tuesday (Oct. 22), the integration of the...
The promise of embedded payments — and the march toward embedded everything — says that commerce and money movement is seamless and intuitive. In the continuing conversations within the “What’s Next in Payments” series, exploring the rise of embedded finance, Doug Brown, chief product officer...
