Industry news
HeyTrade, which launched in June 2020, will use Open Banking payments to provide instant account funding to users.
Todd Clyde said that Open Banking APIs have removed the barriers to access that meant account-to-account payments were seen as niche and alternative.
Open Banking can help everyone benefit from the post-pandemic recovery, according to Jason O’Shaughnessy of Envestnet | Yodlee.
The Payment Systems Regulator is inviting views on the impact and progress of Confirmation of Payee following implementation by the UK’s six largest banks as it prepares to rollout phase two.
The Australian bank’s venture-scaling entity said that xStack is a ‘venture-in-a-box’ platform.
The partnership will mean Square can offer ACH payments to US merchants without ‘worrying’ about bank authentication or managed payment ‘complexities’.
The new six-month extension for implementing strong customer authentication has been granted to ensure ‘minimal disruption’ to merchants and consumers.
The co-operation between the two companies will see the launch of two new payment services for corporate banking clients and PSPs.
Among the new components of the Spring release is a credit management use case and FDX API 4.6.
The new online tool aims to speed up the time it takes for lenders to assess the creditworthiness of applicants.
