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The new feature eliminates the need for recipients’ bank account details, making it particularly useful for issuing non-card refunds, returning deposits, and sending one-off payments.
Andrew Lewis joins as chief risk officer from Aldermore Bank and has previously worked at NatWest, while current Metro Bank chair Robert Sharpe will chair the board.
The financial services software solutions provider has integrated Mastercard’s commercial payments and Open Banking capabilities into its card management, embedded finance and SME lending platforms.
The latest offering from PayPoint makes it the first Open Banking provider to offer bank-to-bank payments to pay-as-you-go customers.
Affirm’s travel and ticketing purchase volume grew nearly 50% year-over-year during the quarter ending 30 June.
The new solution, Bankify, will help organisations receive consumer payments from bank accounts.
The digital bank also revealed it now serves more than one million customers, as it targets five million customers by 2027.
Perenna has been issued with an unrestricted bank licence by the Prudential Regulation Authority and the Financial Conduct Authority.
The deal via Commonwealth Bank of Australia’s venture arm x15ventures, will help the bank grow its ‘Stream Working Capital’ product.
“Upvest’s scalable and seamless API will empower Plum’s further growth in the European market,” said Upvest founder Martin Kassing.
