"India’s financial sector is beefing up its Know Your Customer (KYC) protocols under pressure from regulators. Financial institutions aim to add more verification layers for identifying accounts and account holders."
Chase Adds a Pay-Per-Use Real-Time Payments Option for SMBs
"Chase introduced a suite of digital products it says will help small businesses improve their cash flow and payment processing. Among the services are the ability to choose a payment speed, such as standard automated clearing house, same-day ACH, or real-time...
Orum Launches No Code Verify Solution, Expands Access to Instant Bank Account Verification
"Orum announced the launch of No Code Verify, which helps businesses and institutions determine whether a bank account is open and valid before initiating payments — all without integrating an API."
Apple, Google and Venmo Fight New U.S. Plan to Monitor Payment Apps
"The U.S. government is weighing whether to treat Apple, Google and PayPal-owned Venmo more like banks — and regularly inspect some of their operations — in a move meant to protect millions of Americans who now use their smartphones to pay at the register and send...
NPCI International Partners with Bank of Namibia for Deploying India’s UPI Stack in Namibia
"NPCI International Payments Limited, the international arm of the National Payments Corporation of India (NPCI), has signed an agreement with the Bank of Namibia to support them in developing an instant payment system like UnifiedPayment Interface for Namibia."
Airwallex to Provide Faster International Payments for BILL
"Airwallex announced a partnership with BILL to provide Airwallex’s local transfer capabilities as part of BILL’s payments offerings."
Tide Set to Launch Business Accounts in Germany With Adyen
"Adyen has partnered with Tide, the UK’s leading business financial platform, to offer small and medium-sized businesses Tide business accounts, first in Germany before potentially expanding further into Europe."
Checkout.com and Mastercard Partner to Bring Virtual Cards to Online Travel Agents
"Checkout.com announced a partnership with Mastercard to bring virtual cards to Online Travel Agents."
Transfergo and Tink Partner for International Money Transfers
"TransferGo has partnered with Tink to add Pay by Bank to its payments offering."
BofA Survey: Majority of Small and Mid-Sized Business Owners Anticipate Revenue Growth This Year
"A majority of small and mid-sized business owners expect their revenues to increase this year, and their worries over a recession have declined substantially, according to the 2024 Bank of America Business Owner Report, conducted in partnership with Bank of America...