The Clearing House, EBA Clearing, a provider of pan-European payment-infrastructure technology, and financial-messaging specialist SWIFT have completed a proof-of-concept aimed at introducing faster cross-border payments than are currently available. The three member-owned companies announced Monday they have finished a project to synchronize cross-border payments occurring in one instant-payment system with …

Financial-services firms, and fintechs particularly, have been swamped with account-takeover attacks over the past year, leaving many consumers wary of visiting these sites, according to a report issued Thursday by Sift Science Inc. Indeed, the volume of account-takeover attacks overall more than tripled between the second quarter of 2019 and …

MX Technologies Inc. continues to grow its ecosystem of open-banking partners, announcing Monday it is partnering with Pinwheel, provider of an application programming interface for payroll applications. The deal will provide financial-technology service providers with expanded coverage of income verification and improved underwriting models for better lending decisions, which in …

Responding to child-care administrators’ need for improved payroll services, payroll-as-a-service startup Check Technologies Inc. has partnered with Procare Software LLC to provide digital-payroll services to Procare’s child-care center business-management platform. The deal comes at a time when strained resources during the ongoing Covid-19 pandemic have accelerated child-care centers’ need for …

Hot trends tend to spin off related innovations, and now it looks like buy now, pay later is no exception. The London-based fintech Curve OS Ltd. on Thursday unveiled Curve Flex, a service that lets users convert any Curve transaction into an installment plan with the swipe of a button …

Seeking to improve the customer experience for insurance-claim payments, Metromile Enterprise Solutions LLC, an automated insurance-claims payments platform, is partnering with payment processor Dwolla Inc. to enable digital payments. With the Dwolla integration, insurance companies using Metromile’s Streamline platform can send claims payments in real time using The Clearing House …

Real-time bill payment took another large step forward Wednesday with BNY Mellon’s announcement it is partnering with Verizon Communications Inc. and Citibank to enable Verizon customers with Citibank accounts to pay their bills with near-instant effect.  The agreement connects BNY Mellon as the billing bank, Verizon as the biller, and …

Visa Inc. announced it has helped enable an estimated 16 million small businesses globally for digital payments, reaching 30% of its goal to so enable some 50 million small concerns.The Goldman Sachs Group Inc. said it will acquire GreenSky Inc., a provider of payments and loans at the point of sale for more …

Wednesday was a busy day for Global Payments Inc. Seeking to expand its share of business-to-business payments processing, the Atlanta-based processing giant on Wednesday agreed to acquire MineralTree Inc., a provider of accounts-payable automation and B2B payments solutions, for $500 million in cash. Global Payments will finance the deal with …

Mastercard Inc. strengthened its hand in open banking on Monday, reaching an agreement to acquire European open-banking platform provider Aiia. Terms of the deal were not disclosed. The acquisition is expected to strengthen Mastercard’s position as a provider of open-banking services in Europe. Mastercard established a presence in the business …