The Payments Association

MARCH 18, 2025

Open finance extends beyond payments, empowering individuals and businesses with holistic financial management tools and personalised services. Open data, in turn, enriches these offerings, enabling innovative credit scoring and risk assessment beyond traditional banking channels.

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

The Fintech Times

JANUARY 28, 2025

Secure, consent-based data-sharing and real-time account-to-account payment initiation redefine the art of the possible. For example, take a small merchant in Latin America who might deal in cash almost exclusively because card payments are expensive and settlement takes too long.

Service Provider 59

Service Provider FinTech Underserved Innovation 59

PYMNTS

SEPTEMBER 14, 2016

’s Faster Payments initiative, which traces its genesis to 2008, has seen fraud losses around online banking grow from £22.6 million in 2007 to £52.5 million in 2008 and then to £59.7 million in 2009, before new and more sophisticated security measures took effect.

Fraud Prevention 77

Fraud Prevention Faster Payments Push-to-Card Payments 77

The Fintech Times

OCTOBER 26, 2024

Payment initiation and account aggregation were frequently discussed, showing their potential to impact financial services. Interestingly, it appears that although Saudi banks were initially cautious about open banking, many are now recognising it as a valuable opportunity for growth.

Embedded Finance 59

Embedded Finance Finance Payment APIs and Integration API 59

PYMNTS

FEBRUARY 2, 2021

and Sony Innovation Fund by IGV, as well as several existing investors, is promoting the adoption of account-to-account payment functionality. Its offering uses open banking's payment initiation framework to enable PSPs, Banking-as-a-Service platforms and merchants to integrate an API for payment initiation and automation.

Lockbox 57

Lockbox FinTech Treasury Management Payment APIs and Integration 57

PYMNTS

AUGUST 15, 2019

Further, if payment service providers wish to exempt corporate payments from SCA requirements, they must provide a comprehensive risk assessment and outline of risk mitigation measures to the FCA each year at least three months before the exemption can be applied.

Payments 49

Payments Commercial Card Risk Mitigation Mitigation 49

Stax

DECEMBER 20, 2023

From there, your users must go through an application and underwriting process that determines their eligibility to accept payments. TL;DR Merchant underwriting is the risk level assessment process an acquiring bank carries out on every new merchant before they grant them a merchant account. What Is Merchant Underwriting?

Underwriting 88

Underwriting Process Enrollments Payment APIs and Integration 88