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.
1 in 3 Consumers Would Use Online Bank Transfers for Rewards
1 in 3 Consumers Would Use Online Bank Transfers for Rewards
November 10, 2023  |  Loyalty & Rewards

Online bank transfers, also known as pay-by-bank transfers, can be used to pay recurring bills and are the third most frequently used for this purpose...

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Amex Picks Nuvei to Promote Bank Transfer Payments
Amex Picks Nuvei to Promote Bank Transfer Payments
November 02, 2023  |  Payment Methods

Nuvei has become the first acquirer to sell American Express’ open banking payment method. The collaboration, announced Thursday (Nov. 2), will see Nuvei promote Pay...

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Dwolla Expands Platform With Open Finance Integrations
Dwolla Expands Platform With Open Finance Integrations
October 30, 2023  |  B2B Payments

Dwolla, an account-to-account payment services provider, has expanded its Dwolla Connect solution by integrating it with the open finance ecosystem.  This integration allows Dwolla Connect clients...

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ISO 20022, Open Banking Will Transform Cross-Border Payments
ISO 20022, Open Banking Will Transform Cross-Border Payments
October 26, 2023  |  Cross-border Payments

Nilesh Dusane, global head of institutional payments at Amazon Web Services (AWS), told Karen Webster that there’s one common refrain among financial institutions (FIs) and...

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Link Money CEO: Payment Innovations Win on Cost, Not Capability
Link Money CEO: Payment Innovations Win on Cost, Not Capability
October 26, 2023  |  Payments Innovation

Innovations in payments have paved the path to progress throughout history. And while the journey has not been a linear one, it is increasingly becoming...

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Deserve Adds Digital Processing Capabilities to Credit Card Issuing Platform
Deserve Adds Digital Processing Capabilities to Credit Card Issuing Platform
October 24, 2023  |  Digital Payments

Deserve, a mobile-first credit card issuing platform, launched new digital processing capabilities that aim to help banks and credit unions transform digital payment experiences. The...

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Contactless Transactions Mark ‘What’s Next’ in Payments Innovation
Contactless Transactions Mark ‘What’s Next’ in Payments Innovation
October 24, 2023  |  Credit Unions

The continued rise of contactless payments may be among the most notable payments trends of the year, and it could pave the way for innovations...

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CFPB’s New Open Banking Rule Targets Data-Sharing Consistency
CFPB’s New Open Banking Rule Targets Data-Sharing Consistency
October 19, 2023  |  CFPB

The Consumer Financial Protection Bureau’s open banking rule is a rough draft. And much may change between the Thursday (Oct. 19) announcement of its new...

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Fiserv: Plaid Data-Sharing Partnership Lets Consumers Ditch Account Credentials
Fiserv: Plaid Data-Sharing Partnership Lets Consumers Ditch Account Credentials
October 18, 2023  |  Authentication

Data sharing — and open banking — are due for a quantum leap forward in the United States. Matt Wilcox, president of digital payments at...

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