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How FIS Is Banking on Bank Sales Post Worldpay
FIS Inc. isn’t quite the factor in merchant processing it once was, but the big Jacksonville, Fla.-based processor remains a significant factor in digital payments, specifically for banks, its top management was at pains to stress early Tuesday as the company reported its second-quarter results. “We’re very pleased with our …
Read More »Canadian Customers Are Losing Enthusiasm for Credit Card And Banking Apps And Sites
Banks and credit card companies have launched online services and mobile apps over the years to reinforce ties to their most valuable customers and win new ones. But, in Canada at least, that effort is hitting a brick wall, a series of new reports from J.D. Power indicates. While Canadian …
Read More »What’s Behind eBay Dropping AmEx? Prada Adopts Adyen Tech; CFPB Lays Out Open Banking Standard Steps
CFPB Lays Out Open Banking Standard Steps and other Digital Transactions News briefs from 6/5/24
The Consumer Financial Protection Bureau said it has settled on a process by which companies can comply with an upcoming personal financial data rights rule related to open banking. Cloud-based phone-service provider Ooma Inc. announced an integration with Square, the point-of-sale unit of Block Inc., to incorporate Square transaction data into business communications …
Read More »Plaid Brings Open-Banking Technology to Western Union in Europe
Open-banking technology provider Plaid Inc. is pairing-up with The Western Union Co. to bring its account-verification services to the wire-transfer giant’s European customers. Under the so-called collaboration San Francisco-based Plaid announced Thursday, Western Union will be able to tap Plaid’s open-banking system for account verification, thereby simplifying remittances and digital …
Read More »Beyond payment acceptance – Leveraging APIs and open banking to provide more value
By Steven Velasquez, Senior Vice President and Head of Partner Business Development – U.S. Bank | Elavon The emergence of open banking, financial services APIs, and banking as a service has changed the landscape of the payments ecosystem. It is no longer enough to offer integrated payments with your software …
Read More »Shift4 Address Sale Rumors; What’s Behind Open Banking’s Appeal? Lightspeed Tees up in Myrtle Beach
Behind Open Banking’s Growing Appeal to Consumers, Merchants—And Card Networks
Open banking has been attracting the attention of bankers, merchants, and card networks. It’s also drawing notice from regulators. The concept of making a payment through a direct transfer from a bank account can appeal to consumers because it’s fast and easy, and to merchants because the transaction is reportedly …
Read More »Visa’s U.S. Open Banking Plans; DoorDash’s SNAP at 7,800 Walgreens Stores; Square Broadens Offline Mode
