Industry

Open Payment Network Acquires ExcheQ Instant Payment App from North American Banking Company

Open Payment Network

“Open Payment Network announced that it has acquired ExcheQ, a payment application from North American Banking Company that gives financial institutions an easy to use instant payment app to offer their customers. ExcheQ provides the capability of sending and receiving instant payments using FedNow Service and TCH-RTP network.”

Industry

Plaid Reveals the US Institutions Most Prepared for Open Banking

Open Banking Expo

“Financial institutions in the US have reported differing levels of readiness ahead of new Open Banking regulatory requirements, with executives from the largest banks the most confident in their institution’s regulatory preparedness, according to new research by Plaid.”

Companies

Modulr Wins Contract to Provide Confirmation of Payee Services to HMRC

Open Banking Expo

“UK-based digital payment services provider Modulr has signed a contract with HMRC for the provision of Confirmation of Payee (CoP) services, which was secured under the new Open Banking Dynamic Purchasing System (DPS). Under the agreement, Modulr will provide payment validation services to protect the security of HMRC’s payments to individuals and businesses.”

Industry

European Airline Ryanair Partners With Truelayer to Offer Pay by Bank

Open Banking Expo

“Europe’s largest airline group Ryanair has partnered with Open Banking payments network TrueLayer to introduce Pay by Bank at checkout. Ryanair’s customers can now choose ‘Pay by Bank App’ when booking flights and, in doing so, experience faster, more secure and “seamless” payments.”

Industry

Open Banking in the US – A New Era of Consumer-Centric Innovations?

Open Banking Expo

“The Consumer Financial Protection Bureau (CFPB) published the final version of its Personal Financial Data Rights rule on October 22, which in its own words, moves the US closer to “having a competitive, safe, secure, and reliable ‘open banking’ system”. Up until now, the US has been one of very few countries to put Open Banking in […]

Artificial Intelligence Authentication BNPL Cross-border Payments Fast Payments Glenbrook Open Banking Payments Fraud Regulatory Environment Technology Tokenization

Episode 253 - Glenbrook Partners: 2024 Payments Industry Trends Wrap Up

The Glenbrook partners reflect on key trends and challenges in the payments industry that shaped 2024 - from generative AI, open banking, the evolving regulatory landscape, and the rise of fast payment systems worldwide. And you can't get the Glenbrook team in a "room" without discussing ongoing fraud implications, orchestration in merchant payments, and the progress of tokenization. Tune in to hear insights from our industry experts on these themes and more as we wrap up the year and look towards 2025.

Global

Nationwide Incorporates Experian’s New Digital Income Verification Service

Open Banking Expo

“The UK’s largest building society Nationwide has become the first major lender to incorporate Experian’s income and employment verification service ‘Work Report’ into the mortgage application process to speed up checks.”

Tags: UK

Global

Unzer and Mastercard Enter Payments Partnership

Yahoo Finance

“Fintech company Unzer has selected Mastercard as its open banking partner to power e-commerce payments through its payment gateways in Germany, Austria, and Denmark.”

Tags: Austria Denmark Germany

Industry

Games Marketplace Integrates Volt’s Pay by Bank Solution

Open Banking Expo

“Global marketplace for video games Kinguin has partnered with global real-time payments platform Volt to integrate Pay by Bank, thereby enabling its users to purchase games directly from their bank account. Through the new Open Banking payments partnership, Kinguin’s 18 million users will be able to purchase games and in-game goods using Volt’s Pay by […]

Companies

A Deep Dive into Pay by Bank and Open Banking

Nacha

“On the surface it sounds really familiar: Pay your bills online, directly from your bank account. But what makes pay by bank different and how does open banking facilitate this process?”

Tags: Nacha

Banking Industry Cross-border Payments Data Financial Inclusion Treasury & Cash Management

Episode 251 - Bridging the Communication Gap Between Treasury and Payments with Debopama Sen, Citi Treasury and Trade Solutions

Debopama Sen, Head of Payments at Citi Treasury and Trade Solutions, joins Glenbrook for this episode to explore how treasury and payments professionals can collaborate on opportunities presented by the evolving payments landscape.

Companies

Zing Works With Tink to Rollout Two New Top-up Options for Members

Open Banking Expo

“International money app Zing, which is part of HSBC, has worked with Visa’s Open Banking platform Tink to launch automatic and one-tap top-ups for all members. By utilising Open Banking variable recurring payments (VRP), the two new top-up options will enable Zing’s members to add funds from seven major banks within 30 seconds.”

Tags: Tink

Global

Hong Kong Monetary Authority Launches Developer Platform for Data Sharing Initiative

Open Banking Expo

“The Hong Kong Monetary Authority has launched a developer platform in collaboration with the Hong Kong Science and Technology Parks Corporation (HKSTP), as part of its Interbank Account Data Sharing (IADS) initiative.”

Tags: Hong Kong

Apple Mobile Wallets Security Technology Tokenization

Episode 250 - Fanning the Flames: Ten Years of Apple Pay

Yvette Bohanan and Russ Jones celebrate the 10-year anniversary of the announcement of Apple Pay by reflecting on its origins, challenges, and successes. The episode highlights key features like tokenization, encryption, and biometric authentication, emphasizing Apple Pay's focus on security, privacy, and convenience. Tune in to take a look back at Apple Pay’s significant impact on the payments industry and a look forward to its continued expansion.

Companies

Trustly to Process $100 Billion Annually, Leading the Pay by Bank Surge

Trustly

“Trustly, the global leader in Open Banking Payments, is on track towards processing $100 billion in Total Payments Value in 2024, underscoring a shift in the payments industry as merchants continue to explore card alternatives. To date, over 112 million consumers have used Trustly’s products globally, showcasing the appeal of Pay by Bank options at […]

Tags: Trustly