Open Banking

Open banking is a financial services term as part of financial technology that refers to: The use of open APIs that enable third-party developers to build applications and services around the financial institution. Greater financial transparency options for account holders ranging from open data to private data.

Why Account Validation Changes When Banks Say Yes
Why Account Validation Changes When Banks Say Yes
March 18, 2025  |  Authentication

The convergence of ACH, open banking and account validation has the potential to make transactions more secure — and faster — as instant payments gain...

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Mastercard and Virgin Money Team to Expand UK Open Banking
Mastercard and Virgin Money Team to Expand UK Open Banking
March 17, 2025  |  Banking

British bank Virgin Money has launched an open banking-focused partnership with Mastercard. The collaboration will let Virgin Money customers view all their credit card and...

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80% of Pay-by-Bank Users Report Better Data Security and Lower Cart Abandonment
80% of Pay-by-Bank Users Report Better Data Security and Lower Cart Abandonment
March 10, 2025  |  Payment Methods

As digital payments evolve, pay by bank is gaining traction in consumer-facing sectors. The payment method is in its early stages, but it’s already helping...

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Section 1033 May Fall Short of its Data Security and Open Banking Goals
Section 1033 May Fall Short of its Data Security and Open Banking Goals
March 03, 2025  |  Bank Regulation

There’s a rule of thumb in law that states that hard cases make bad law. The sentiment can be reworked a bit to extend to...

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Unzer Taps Mastercard Technology to Launch Pay-by-Bank Tool
Unzer Taps Mastercard Technology to Launch Pay-by-Bank Tool
February 27, 2025  |  Payment Methods

Payments firm Unzer has debuted a pay-by-bank tool in conjunction with Mastercard. Unzer Direct Transfer, announced by the Berlin-based company Thursday (Feb. 27), is an open banking-powered method that lets...

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Pay by Bank Is User Experience Grand Slam for Sports Betting
Pay by Bank Is User Experience Grand Slam for Sports Betting
February 24, 2025  |  Payment Methods

When it comes to sports betting, speed isn’t just for the players on the field. It’s also a critical factor in the flow of cash,...

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Court Battle Could Reshape Consumer Financial Data Landscape
Court Battle Could Reshape Consumer Financial Data Landscape
February 12, 2025  |  Bank Regulation

The fight over the CFPB’s status and, in particular, the future of Open Banking Rule 1033 is on. A Washington, D.C.-based trade group, the Financial...

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With CFPB Closed, Open Banking Awaits Next Steps
With CFPB Closed, Open Banking Awaits Next Steps
February 10, 2025  |  Regulation

The Consumer Financial Protection Bureau is shuttered — at least for now. In the wake of Russell Vought — head of the Office of Management...

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Trustly and Kivra Team to Promote Digital Payments in Sweden
Trustly and Kivra Team to Promote Digital Payments in Sweden
February 10, 2025  |  Partnerships

Trustly has formed an automatic payments partnership with Sweden-based digital mailbox provider Kivra. The partnership, announced Monday (Feb. 10), centers around the companies’ “Autogiro” solution, designed to streamline automatic...

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