The Clearing House’s real-time payments network grows in Q2
The Clearing House (TCH) continues adding financial institutions (FIs) to its real-time payments (RTP) network, as consumers and businesses gain a better understanding of the payment model to leverage...
View ArticlePinwheel launches earned wage access product
Payment routing platform Pinwheel has released a new immediate earned wage access (EWA) product that allows customers to pull funds outside of a typical paycheck cycle by scanning and analyzing their...
View ArticleBy the numbers: 85% of banking professionals say open finance spurs...
The global banking sector continues to support open finance and collaboration, with 85% of professionals agreeing that open finance is making the industry more collaborative and making a positive...
View ArticleCiti to launch 24/7 cross-border payments
Citi Treasury and Trade Solutions, a division of Citi’s Institutional Clients Group, announced plans to launch 24/7 Clearing in the fourth quarter, a service allowing its 1,500 financial institution...
View ArticleTransactions: Google, Santander team up on cloud software
Google Cloud and $147 billion Banco Santander recently unveiled Dual Run, a solution that simplifies the migration of legacy mainframe systems to the cloud. Dual Run is built on Madrid-based...
View ArticleBank of America launches CashPro API update
Bank of America has built and launched an expanded CashPro Payment API this week to give clients more options to process transactions in multiple countries at any time of day. “Through a single API...
View ArticleFintech Funding: GoHenry raises $55M
Fintech GoHenry, which provides pre-paid debit cards and a financial education app for children, on Wednesday announced it has raised $55 million in a series B funding round and plans to expand into...
View ArticleGoldman Sachs, Apple team up for savings accounts
Goldman Sachs and Apple have launched Apple Card, a savings accounts that allows clients to add funds through a linked bank account or directly from Apple Cash. “Just last week we introduced a new...
View ArticleWestlake collaborates with fintech for credit card program
Westlake Financial has launched a credit card rewards program using back-end technologies from embedded finance company Railsr. The Westlake Black Credit Card gives the financial institution’s...
View ArticleTransactions: First Pryority Bank partners with Teslar to automate workflows
First Pryority Bank selected Teslar Software to automate workflows as the bank continues on a path of expansion. The $315 million Pryor Creek, Okla.-based bank will be able to track exceptions, upload...
View ArticleCiti integrates e-commerce billing, payments platforms
E-bill platform Citi Present and Pay has integrated with digital payment service Spring by Citi to create an electronic bill presentment and digital payment acceptance capability for Citi’s...
View ArticleStripe cuts headcount by 14%, prepares for ‘leaner times’
Stripe Inc., one of the world’s most valuable startups, will cut more than 1,000 jobs as it seeks to rein in costs ahead of any economic downturn. The payments company will cut its workforce by 14%...
View ArticleU.S. Bank, Microsoft team up on embedded payments
U.S. Bank embedded its payment capabilities into enterprise resource planning (ERP) solution Microsoft Dynamics 365 this week, giving Microsoft business clients access to digital payment tools....
View ArticleConnexPay raises $110M for tech enhancements
Payments technology platform ConnexPay secured a $110 million investment last week from growth equity firm FTV Capital to help support technology enhancements and grow its international team, according...
View ArticleJack Henry launches real-time payments solution
Core provider Jack Henry has launched a person-to-person (P2P), open-loop payment solution that allows the transfer of money regardless of whether a transaction takes place on the same network. The...
View ArticleBritain develops a lead in scrapping cash in everyday payments
Britain is taking the lead among major developed economies in moving away from cash in everyday payments, but more than two-thirds of people surveyed remain reluctant to go fully digital. That’s the...
View ArticleTreasury Prime, Plaid team up for faster payments
Banking-as-a-service (BaaS) provider Treasury Prime and API-data network fintech Plaid are partnering to deliver faster payments for financial institutions and their customers. Through the partnership...
View ArticleTransactions: Savana, Capco to collaborate on UX
Financial software company Savana is partnering with management consultancy Capco to help banks with improving user experience (UX). The partnership allows banks to digitize their cores and implement...
View ArticleMastercard Engage adds fintech Amount to partner network
Digital banking fintech Amount is now offering financial services solutions through the Mastercard Engage global partner network as the credit card giant enters the open banking space. Through an...
View ArticleEurope Fintech Funding: WeGift raises $30.9M in series B
Digital payouts firm WeGift on Tuesday closed a $30.9 million series B funding round led by Element Ventures. The London-based platform automates the manual ordering and fulfillment process to allow...
View Article