Open Banking/page/21 news and trends

Beyond Breaches: Why Security and Trust Are the Real Currency of Payments
Security & Fraud // December 19, 2024

The stakes for fraud prevention and data security are rising with innovation across digital payments. Trust remains the cornerstone of today’s dynamic ecosystem, but it is increasingly tested by a web of risks, including fraud and security vulnerabilities, compliance demands, counterparty reliability, payment failures and...

Ex-Klarna UK CEO Alex Marsh Named Chair of Salad Money
Personnel // December 18, 2024

British financial institution Salad Money has named Klarna’s former U.K. CEO to chair its board. Alex Marsh, whose appointment was announced Wednesday (Dec. 18) in a news release provided to PYMNTS, succeeds Sir Tim Melville-Ross, who has held the chair position since Salad launched in...

Trustly and Fitness Software Firm BRP Team on Open Banking 
Partnerships // December 17, 2024

Open banking payments provider Trustly has launched a partnership with fitness/wellness software-maker BRP Systems. The collaboration, announced Tuesday (Dec. 17), integrates Trusty’s payment solution with BRP’s platform, letting businesses optimize recurring payments. Based in Sweden, BRP serves more than 2,500 fitness and wellness facilities and...

Card Networks Challenge FinTechs for Account-to-Account Payments Share
Payments Innovation // December 16, 2024

Earlier this year, PYMNTS Intelligence found that more than half of consumers were not aware of pay-by-bank options, or were hesitant to use them. In an age where relationships with banks are nearly ubiquitous — the Federal Reserve noted last month that just about 96%...

Interviews & Exclusives
Beyond Breaches: Why Security and Trust Are the Real Currency of Payments

December 19, 2024
The stakes for fraud prevention and data security are rising with innovation across digital payments. Trust remains the cornerstone of today’s dynamic ecosystem, but it is increasingly tested by a web of risks, including fraud and security vulnerabilities, compliance demands, counterparty reliability, payment failures and more. “These threats aren’t just financial; they strike at the […]

Banks Target Account Opening Tech to Avoid Deposit Drift’s ‘Death by 1,000 Cuts’

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...

Rule 1033 Explained: How the CFPB’s Data Sharing Standards Could Reshape Banking

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...

Embedded Finance Finds New Use Cases From Gig Economy to Nonprofits

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....

Quick Reads
Ex-Klarna UK CEO Alex Marsh Named Chair of Salad Money

December 18, 2024
British financial institution Salad Money has named Klarna’s former U.K. CEO to chair its board. Alex Marsh, whose appointment was announced Wednesday (Dec. 18) in a news release provided to PYMNTS, succeeds Sir Tim Melville-Ross, who has held the chair position since Salad launched in 2019. “Alex brings over 20 years of leadership experience in […]

Trustly and Fitness Software Firm BRP Team on Open Banking 

December 17, 2024
Open banking payments provider Trustly has launched a partnership with fitness/wellness software-maker BRP Systems. The collaboration, announced Tuesday (Dec. 17), integrates Trusty’s payment solution with BRP’s platform, letting businesses optimize...

Mastercard Launches Open Banking Partnership With Unzer

November 25, 2024
Payment/software solutions provider Unzer has formed an open banking-focused collaboration with Mastercard. The collaboration, announced Monday (Nov. 25), makes Mastercard Unzer’s open banking partner in Germany, Austria and Denmark to...

ValidiFI and PDI Team to Streamline Pay-by-Bank Enrollment

November 20, 2024
Payment intelligence provider ValidiFI has teamed with fuel/convenience retail tech company PDI Technologies. The collaboration, announced Wednesday (Nov. 20), will see ValidiFI provide real-time bank account validation for the consumer...