Remove ACH Remove Debit Card Remove Remote Deposit Capture
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FinTechs Take The Initiative In Bank Collaboration

PYMNTS

TrueLayer’s application programming interface (API) technology supports payment acceptance with a focus on speed and security of the transaction without requiring payers to provide credit or debit cards. “A significant number of individuals simply don’t have access to credit and debit cards,” he said.

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Fintech Fundings: 35 Companies Raise $470 Million the Third Week of June

Fintech Labs Insights

Remote deposit capture. Payment via bank transfer (ACH). Tags: Consumer, prepaid debit card, deposits, underbanked, millendial, mobile, billpay. Source: Crunchbase. PromisePay. Payments for marketplaces. Latest round: $10 million Series A. Total raised: $12.25 HQ: Collingwood, Australia.

P2P
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Why Checks Are Still Golden For High-Risk Sellers

PYMNTS

But there is one benefit of paper checks that cards and even ACH aren’t able to provide sellers: a mitigated risk of chargebacks. The company provides checking and debit services that bypass card and ACH rails in order to limit merchants’ exposure to chargeback risk.