Payments platform Orum and open finance firm MX have partnered to make it easier for FinTechs to add innovative money movement and payments functionality to their apps. The partnership brings together Orum’s unified money movement application programming interface (API) and MX’s instant account verification (IAV)...
ACH volume hit new records in the year’s first quarter, driven in part by a surge in B2B payments adoption. But as this week’s Payment Rails Innovation Tracker demonstrates, competition between networks is on the rise as innovators embrace multi-rail strategies to streamline the movement...
This week’s B2B FinTech venture capital roundup is dominated by smaller funding rounds totaling less than $100 million in collective fundraising. While it was a relatively quiet week, investors showed interest in FinTechs focused on elevating B2B payment and small- to medium-sized business (SMB) banking...
This week’s round-up of the newest innovations in payment rails for B2B payments shows a key focus on improving upon existing rails — and fueling adoption of new ones. To that end, a FinTech is enabling intelligent routing of transfers through existing rails, while a...
May 02, 2024
Payments firm Orum has debuted a tool to help clients prevent failed payments. No Code Verify, announced Thursday (May 2), lets businesses and institutions determine if a bank account is open and valid before initiating payments, Orum said in a news release. It’s an extension of the company’s Verify solution, launched last year to help businesses and […]
November 02, 2022
Payments platform Orum and open finance firm MX have partnered to make it easier for FinTechs to add innovative money movement and payments functionality to their apps. The partnership brings...
