Account-to-account (A2A) transfers, also known as pay-by-bank, have emerged as a convenient alternative to traditional transaction methods like credit and debit cards. By transferring money between bank accounts, this payment method bypasses traditional card networks, providing a more direct and cost-effective way to facilitate transactions....
Venmo has unveiled a new in-app feature that aims to streamline splitting and managing expenses among groups. The new Venmo Groups provide users with a convenient way to divide and settle multiple or ongoing expenses among friends, family, roommates, partners and other groups, the peer-to-peer payment...
The business payments landscape was stable for decades, Form3 CEO Mike Walters told Karen Webster. Regular ACH payments were the norm, and any pain points and frictions were rooted in the vagaries of manual processes and paper invoicing. “Not a lot changed for a long...
Equals Group is set to acquire Roqqet in a deal subject to regulatory approval. In a press release announcing the acquisition Monday (Nov. 28), the U.K.-based FinTech Equals said the purchase of the open banking payments firm will enable it to offer its merchant customers...
November 14, 2023
The business payments landscape was stable for decades, Form3 CEO Mike Walters told Karen Webster. Regular ACH payments were the norm, and any pain points and frictions were rooted in the vagaries of manual processes and paper invoicing. “Not a lot changed for a long time,” he said. And while it’s true that innovation comes […]
August 12, 2021
Today’s payment service providers (PSPs) play a crucial role in facilitating global commerce for entrepreneurs, small- to mid-sized businesses (SMBs) and eCommerce marketplaces. One tool that more PSPs are adopting...
September 23, 2019
Western Union is expanding access to its global, real time account to account payments capabilities to FIs and digital wallet providers in 17 countries with plans to expand to 100...
October 23, 2024
Pay-by-bank solution provider Dwolla is expanding its partnership with data network Plaid. The companies will integrate Plaid’s instant account verification and risk assessment tools into Dwolla’s pay-by-bank platform, according to a Wednesday (Oct. 23) press release. The solution is scheduled to launch in early 2025. The collaboration will target mid- to enterprise-sized businesses, and the […]
November 14, 2023
Venmo has unveiled a new in-app feature that aims to streamline splitting and managing expenses among groups. The new Venmo Groups provide users with a convenient way to divide and settle...
November 28, 2022
Equals Group is set to acquire Roqqet in a deal subject to regulatory approval. In a press release announcing the acquisition Monday (Nov. 28), the U.K.-based FinTech Equals said the...
May 13, 2022
Open banking payments platform Token.io raised $40 million in a Series C funding round that it will use to continue advancing the shift from traditional payment methods like cards and...
