The open-banking platform MX Technologies Inc. has become the latest partner in Dwolla Inc.’s Secure Exchange solution. Through the partnership, which builds on the two companies’ existing relationship, digital-payments fintech Dwolla will be able to offer clients and reseller partners it has in common with MX access to account-verification services …
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The FDX Standard’s Central Open Banking Role; The Human Link to QR Codes; Plus Weekly Recap
FDX Seeks to Make Open Banking More Accessible With Its Standard And API
While the recent partnership between fintech Wise US Inc., which specializes in cross-border payments, and Plaid Inc. is another example of the momentum open banking is gaining globally, one overlooked element of the deal is the role the open-banking standard developed by the Financial Data Exchange played in making the …
Read More »PayPal Regaining its Momentum; Pay Rent with Splitit; North American Banking Adds Real-Time Payments
North American Banking Adds Real-Time Payments And Other Digital Transactions News briefs from 8/3/22
North American Banking Co. said it can offer customers instant payments to and from any financial institution linked to The Clearing House Payments Co.’s Real Time Payment network. The new service relies on NABC’s ExcheQ application and technology from Open Payment Network.Payments provider Waitr Holdings Inc. announced it will provide stadium ordering to …
Read More »MX Expands Its Open Banking Footprint Via Deals With Sionic And FuturePay
MX Technologies Inc. has expanded its reach into the emerging field of open banking through partnerships with Sionic Mobile Corp., a provider of consumer-to-business payments technology, and FuturePay Inc., a provider of digital revolving credit solutions for e-commerce merchants and their customers. Sionic is embedding MX’s instant account-verification and account-aggregation …
Read More »MX Introduces Processor Tokens to Enhance Open Banking
In a move to streamline money movement and financial account openings for consumers, open-banking network MX Technologies Inc. on Tuesday unveiled what it calls MXapi Processor Tokens. MX enables fintechs to access consumer financial data, and helps its clients turn raw data into usable form. Token-based application programming interfaces (APIs) …
Read More »81% Growth in E-Commerce by 2026; Car IQ Speeds up Fuel Payments; Mastercard Welcomes Open Banking Firms
Mastercard Welcomes Open Banking Firms And Other Digital Transactions News briefs from 7/14/22
Mastercard Inc. said it is expanding its Engage partner network to include open-banking firms. The first companies to join include Dwolla, FinTech Automation, i2c, Link Financial Technology, LoanPro, Nova Credit, Provenir, Synctera, Tern, and Usio Inc.Buy now, pay later processor Afterpay will offer installment payments for customers of beauty retailer Sephora. Afterpay, a …
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