Last week, Nacha said its Payments Innovation Alliance formed a new project team seeking to answer the question, “What is pay by bank?” Via the project, financial institutions, providers and FinTechs, will delve into identifying “operational, risk and educational issues” associated with what Nacha called...
Equifax UK has introduced a customer onboarding solution for utility and telecom firms. As Fintech Finance News reported Thursday (Nov. 7), the new tool, called Tariff Connect, is designed to help these providers automate customer eligibility assessments for social tariff discounts, which are reduced rates...
As Donald Trump retakes the reins of power, the uncertainty over who occupies the White House is over. Republicans are retaking the Senate, and the House is still up for grabs as of Wednesday morning (Nov. 6). There’s at least some uncertainty removed from the...
The Consumer Financial Protection Bureau’s finalized rule on data sharing has its share of supporters and detractors. Those in favor of the new mandates — and as described by the CFPB itself — say the rule promotes competition among incumbent banks, levels the playing field...
November 13, 2024
The average consumer has 5.3 bank accounts. Now that the Consumer Financial Protection Bureau has issued a final rule on data sharing, the age of open banking can get fully underway in the United States, and it will be easier than ever for banks’ retail and commercial clients to move accounts around and shift allegiances […]
November 05, 2024
The Consumer Financial Protection Bureau’s finalized rule on data sharing has its share of supporters and detractors. Those in favor of the new mandates — and as described by the...
October 25, 2024
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....
October 24, 2024
As one of the hottest trends in payments, embedded finance has emerged as a compelling credit proposition for consumers and businesses. The execution demands an intricate web of collaboration and...
November 07, 2024
Equifax UK has introduced a customer onboarding solution for utility and telecom firms. As Fintech Finance News reported Thursday (Nov. 7), the new tool, called Tariff Connect, is designed to help these providers automate customer eligibility assessments for social tariff discounts, which are reduced rates for people receiving certain benefits. “The economic backdrop may have […]
October 28, 2024
Jamie Dimon, CEO of J.P. Morgan Chase, the largest bank in the United States, said Monday (Oct. 28) that his colleagues should fight against overregulation. He said the industry is...
October 27, 2024
The assets of bankrupt Banking-as-a-Service (BaaS) provider Synapse are going up for sale next month. B Riley Advisory Services, the group handling the sale, announced Friday (Oct. 25) a pair...
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...
