Companies

Apple Wallet App Can Now Show Current Account Balances from UK Banks

9to5Mac

“Apple is soft launching a new iPhone Wallet app integration today that is powered by the United Kingdom’s Open Banking API. The Wallet app will now be able to show the user’s current account balance from their bank, as well as a history of deposits and payments.”

Tags: Apple

Regulation

Big Tech's Role in Contactless Payments: Analysis of Mobile Device Operating Systems and Tap-to-Pay Practices

Consumer Financial Protection Bureau

“In jurisdictions around the world, consumers, small businesses, financial institutions, and policymakers are recognizing the benefits of open ecosystems in the digital world…Given the agency’s mandate to ensure fair, transparent, and competitive markets, as well as the CFPB’s plans to issue rules that will accelerate the shift to open banking in the United States, the […]

Tags: CFPB

Companies

BNY Mellon Launches Bankify

PR Newswire

“BNY Mellon today announced the launch of BankifySM, an open banking payments solution that helps organizations receive consumer payments from bank accounts, with a seamless user experience and that offers guaranteed funds for business receivables.”

Tags: Bank of New York Mellon

Companies

Coinbase Utilizes Open Banking by Trustly for Canadian Expansion

Businesswire

“Today, Trustly announces its alliance with Coinbase as an integral part of its commitment to offer Canadians secure and simple account-to-account payments. With Trustly’s Open Banking Payments, Coinbase users can deposit and withdraw funds directly from their bank account from/to their crypto wallet.”

Tags: Coinbase

Regulation

PSD3 – What Does It Mean and How Will it Advance Open Banking?

Electronic Payments International

“Whether it’s meals in the day, Neapolitan ice cream, or a game of rock, paper, scissors – the best things in life come in threes. And while payment legislation may not spring to mind when we think of important trilogies, PSD3, the European Commission’s recently proposed update to the Payment Services Directive (PSD2), is a […]

Tags: PSD3

Companies

Klarna Scraps Open Banking Brand Klarna Kosma

Tech.eu

“Klarna has scrapped its open banking brand Klarna Kosma after less than 18 months. The Swedish BNPL giant launched Klarna Kosma as a brand and business unit in April last year, saying it represented a “major strategic move”.”

Tags: Klarna

Companies

SEPAexpress and Tink Partner to Offer a Seamless Payments Journey Across Europe

Tink

“SEPAexpress, a specialised payment provider in account-to-account payments, has partnered with Tink, Europe’s leading open banking platform, to enhance its payment solutions.  Partnering with Tink allows SEPAexpress to offer both open banking data products and payments services to its clients across Europe, showing the value of using a number of Tink’s solutions together.”

Tags: Tink

Companies

dLocal Licensed by Brazil’s Central Bank as Payments Institution

Fintech Finance

“This license, roughly equivalent to the European e-money issuer license, allows dLocal to accept deposits from the public, manage e-wallets, and participate directly in Brazil’s payments systems including Pix. Additionally, dLocal becomes a “Payments Transactions Initiator”, enabling it to access Brazil’s new Open Banking Initiative as well as initiating third-party Pix payments.”

Tags: dLocal

Companies

Moneyhub and MX Partner to Drive Global Adoption of Open Finance

PR Newswire

“Moneyhub, the award-winning data and payments platform built on the principles of Open Banking and Open Finance, has today announced a strategic partnership with MX Technologies, Inc., a leader in Open Finance in North America.”

Tags: MX

Companies

Visa Takeover Means Economic Turmoil Won’t Slow Tink’s Progress

ComputerWeekly.com

“Tink is one of the pioneers of the open banking sector, and under Visa’s light-touch ownership is continuing to think like a startup”

Tags: Tink Visa

Regulation

Laying the Foundation for Open Banking in the United States (CFPB)

Consumer Financial Protection Bureau

“…The CFPB is working to accelerate the shift to open banking through a new personal data rights rule intended to break down these obstacles, jumpstart competition, and protect financial privacy…We expect to solicit comments on our formal proposal in a few months and finalize in 2024.”

Tags: CFPB

Companies

Real-Time Payments Gateway Volt Becomes an Approved Shopify Open Banking Partner

PR Newswire

“Shopify , the leading global commerce company, has approved real-time payments gateway Volt as a global open banking partner.”

Tags: Shopify

Companies

Visa, Mastercard Split on Open Banking

CFO Dive

“In the rivalry between the two biggest U.S. card companies, Mastercard is betting on the rise of the open banking trend while Visa is less persuaded it will take off.”

Tags: Mastercard Visa

Companies

BR-DGE and Volt Join Forces to Support Merchants in Preventing Payment Fraud

Br-dge

“Leading payment orchestration provider BR-DGE has announced today its latest partnership with global real-time payments gateway Volt to support merchants countering payment fraud. Through a single point of integration, BR-DGE’s merchants can access a world of payment providers, fraud capabilities, and alternative payment methods. This new partnership will enable BR-DGE merchants to benefit from Volt’s […]

Tags: BR-DGE Volt

Companies

Visa Partners Seven New Startups to Accelerate Payments Innovation in Asia Pacific

PR Newswire

“Visa, a world leader in digital payments, today announced seven new startups it will partner as part of its Visa Accelerator Program in Asia Pacific. The seven startups selected as part of the 2023 program are from India, Mainland China, Thailand, Singapore and Germany and they will be working on solutions in the areas of Web 3.0, global money movement, embedded finance, […]

Tags: Visa