Fintech Finance

NOVEMBER 27, 2024

interactive investor (ii) has rolled out NatWest’s multi award-winning open banking payments solution Payit , to enable their customers to deposit funds onto the investment platform immediately to allow investments to be made. Customers can now use Payit by NatWest to make a payment/a fund deposit online through the ii website and app.

Online and Mobile Banking

The Fintech Times

MAY 27, 2025

To ensure it is able to address issues like regulatory compliance, fraud prevention and user authentication, the firm has announced a new partnership with Salt Edge , the open banking solutions provider.

Regulatory Compliance

The Fintech Times

APRIL 10, 2025

Powered by open banking technology through payments initiation, Payit by NatWest provides customers with an additional digital payment method to be able to manage their energy payments safely and securely.

Accounts

Finextra

JUNE 2, 2025

Open Banking frameworks baked in audit trails, secure authentication, and regulatory oversight to ensure that when you share your data, it’s handled safely. Maybe another service could use payment initiation APIs to let you pay your utility bills from any of your linked bank accounts without using the clunky bank website.

Finance

The Payments Association

JULY 18, 2025

UK SCA Reforms (Outcome-Based Approach) Following the UK Government’s National Payments Vision and signals from the FCA, a shift is now underway from prescriptive Strong Customer Authentication (SCA) rules to a more flexible, outcomes-based framework. Currently, contactless limits (e.g., £100

Regulations

The Payments Association

MAY 3, 2025

From a regulatory vantage point, Jazmin Achi, board member and director of Privat 3, turned to payment initiation services (PIS) under PSD2an innovation that once promised much but has underdelivered due to inconsistent implementation. Without a uniform approach, we risk building inefficiencies.

Payment APIs and Integration

The Fintech Times

FEBRUARY 20, 2025

Real-time Pay by Bank delivers substantial benefits over traditional payment methods, eliminating intermediaries to reduce processing costs and increase cash flow. Without manual entry of sensitive data, users authenticate payments directly from their mobile banking app for a fast, convenient and secure payment experience.

User Authentication

The Payments Association

NOVEMBER 27, 2024

The amendments also require obtaining customer consent and authentication, licensee disclosures, and reporting API performance by service providers. The Central Bank of Bahrain (CBB) has updated its open banking framework, mandating all licensed banks to expose APIs for corporate accounts.

Third-Party Service Provider

The Fintech Times

FEBRUARY 20, 2025

The use of Strong Customer Authentication to prove the account is live and accessible and means sharing account information digitally, in real-time also removes the risk of manual error. By eliminating the need for card details, typically stored by third parties, NatWest minimises the risk of online fraud.

Online and Mobile Banking

FICO

JUNE 27, 2017

In particular, those at the rock face of PSD2 agree on Strong Customer Authentication (SCA): Do whatever you can to avoid it. Who will emerge as the successful AISPs and PISPS (Account Information Service Providers and Payment Initiation Service Providers)? So, what will the changes be? Will they work together?

Authentication

FICO

NOVEMBER 28, 2017

It wasn’t until I saw the final animation for ‘PSD2 and Jenny’s Washing Machine’ that it really dawned on me how exposed payment service providers will be to accusations of poor customer experience, once Payment Initiation Service Providers (PISPs) are up and running. appeared first on FICO.

Authentication

The Payments Association

DECEMBER 13, 2024

While the concept isnt new, the rise of open banking has made A2A payments more accessible and versatile. How A2A payments work A2A transactions are typically categorised as either push or pull payments: Push Payments: Initiated by the payer, similar to a standard bank transfer, often used for one-off purchases.

Transactions

Payments Source

MARCH 29, 2017

The next phase of India’s national digital payments initiative begins next month when 20 banks launch Aadhaar Pay, an app enabling merchants to accept payments on smartphones from consumers using biometric authentication.

Authentication

FICO

SEPTEMBER 19, 2017

Many of the outcomes of PSD2 will be positive - the Account Information Service Providers (AISPs) and Payment Initiation Service Providers (PISPs) will give people access to a range of new services that will help them to manage their money better and give them more flexibility in the payment providers they use.

Authentication

PYMNTS

MARCH 22, 2019

With PSD2 becoming firmly planted in the European Union (EU), more markets are integrating the regulation into their financial systems, and prepping for changes in the ways they approach payments, data transfers and customer authentication. Customer Awareness is Key for PSD2 Adoption in the Netherlands.

Payment APIs and Integration

Fintech Finance

FEBRUARY 19, 2025

Online loan provider, Salad Money has rolled out NatWests multi award-winning1 open banking payments solution Payit , to enable their customers to make loan repayments via their portal online. This has also allowed them to launch their new feature Pay Ahead, giving their customers more options in how and when to pay.

Online and Mobile Banking

PYMNTS

JANUARY 30, 2019

Payments messaging company SWIFT said it will test gpi Link, “a gateway to interlink eCommerce and trading platforms with the SWIFT gpi payment service.”.

SWIFT

FICO

OCTOBER 12, 2017

This will be different for each PSP and it’s likely you will want to optimise your fraud rates (fraud basis points) for each payment mechanism to make the most of relevant exemptions. PSD2 means an unprecedented level of change in payments process and disruption to your fraud operations.

Authentication

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

The Fintech Times

NOVEMBER 5, 2024

The amendments also require obtaining customer consent and authentication, licensee disclosures, and reporting API performance by service providers. Bahrain, which was the first country in the Middle East to introduce open banking , launched its OBF in October 2020, following the initial set of rules released in December 2018.

Accounts

The Payments Association

OCTOBER 4, 2024

Mobile wallets, for instance, can store multiple payment options, including bank accounts and cryptocurrency, which reduces reliance on physical or virtual cards. These digital-first solutions are especially popular among younger generations, who value convenience and security features like biometric authentication.

Online and Mobile Banking

PYMNTS

OCTOBER 28, 2019

API integration offers a way to streamline payments processing while providing access to transparent foreign exchange rates and associated fees. APIs also utilize the latest level of regulated European internet security: strong customer authentication (SCA). Domestic and cross-border payments are supported in over 130 currencies.

International Payments

PYMNTS

APRIL 2, 2019

to act as an Account Information Service Provider (AISP) and as a Payment Initiation Service Provider (PISP). The user should be able to choose what piece of software they want to use to authenticate themselves.”. is authorized in the U.K. Looking Toward The Future.

Online and Mobile Banking

PYMNTS

DECEMBER 8, 2016

Less than two months after its implementation, Same Day ACH, the ubiquitous faster payments initiative for the payments industry in the United States, is showing a significant impact on the market, but it still has plenty to learn from those across the pond. In October alone, the ACH Network processed nearly $5 billion in 3.8

Faster Payments

PYMNTS

JUNE 10, 2019

The web, he asserted, exists as an application programming interface (API) that interfaces with a computer, allowing bank customers to transact with their banks — and the interface is open to everyone, provided they are properly authenticated. It’s … an [open] protocol. You have to have the right credentials,” Kirsch said. “A

API

PYMNTS

JANUARY 30, 2019

Payments messaging company SWIFT said it will test gpi Link, “a gateway to interlink ecommerce and trading platforms with the SWIFT gpi payment service.”.

SWIFT

PYMNTS

FEBRUARY 7, 2017

You can test all you want, but for payments innovators, the true test only comes when a solution is released out into the real world. s Faster Payments initiative, there have already been some changes made to the service that looks to support real-time transacting. For the U.K.’s is all about flexibility.

Faster Payments

PYMNTS

MARCH 7, 2019

By way of example, Feldmann mentioned cloud-based initiatives that include mobile-enabled ATMs , where authentication takes place before the user even gets to the machine itself, and speeds up transactions (while, of course, reducing the steps needed to get cash in hand). Making Old ATMs New(ish). Blockchain, Too.

ATM

PYMNTS

NOVEMBER 7, 2016

.” Todd Aadland, VP of industry relations at the Fed, and Connie Theien, the Fed’s SVP and payments security strategy leader, offered PYMNTS more insight into how the Federal Reserve will tackle the issue of payments security, especially as faster payments initiatives from the Fed and other players change the game.

Fed

PYMNTS

JUNE 22, 2017

“It is vital [banks] implement an Open API enabling third parties to access customer data securely using SCA (secure customer authentication),” KAL said in its announcement. ” KAL said that its KTH for PSD2 solution is one of several it plans to launch as part of its KAL-Payments initiative.

API

M2P Fintech

MARCH 28, 2024

Aadhaar-enabled Payment Service (AePS) AePS, in India, enables individuals to conduct basic banking transactions like d eposits, withdrawals, balance inquiries, bill payments, etc. It leverages Aadhaar, a unique identification number, as the sole credential for user authentication and verification.

FinTech

PYMNTS

AUGUST 15, 2019

PSD2 compliance challenges continue to roll in, with strong customer authentication (SCA) requirements headed merchants’ way next month. However, that does not automatically exempt all B2B payments. This month’s PYMNTS PSD2 Tracker explores the biggest challenges around SCA, not least of all is a lack of awareness among sellers.

Payments

Fintech Finance

JUNE 4, 2024

With Pay by Bank poised for further growth in the coming years, as more banks leverage instant payment rails in alignment with new European Commission regulations, the launch of Token.io’s Hosted Pages will elevate Pay by bank user experiences, introducing new conversion-boosting features, including: Faster bank authentication for payments initiated (..)

Alternative Payment Methods

Neopay

APRIL 25, 2024

b) Open banking As proposed by the Commission, account servicing payment service providers ( ASPSP ) would be obliged to provide at least one dedicated interface for open banking data access (see our blogpost ).

Fraud Prevention

PYMNTS

NOVEMBER 4, 2019

That’s largely because of the part of PSD2 known as Strong Customer Authentication, or SCA. That means crafting a payment authorization process that promotes more secure transactions without leading to more false positives or added customer friction. SCA Express Lane. I don’t think it will happen overnight.

Payments

FICO

APRIL 20, 2021

With open banking, the data variables are different and vary depending on which Payment Initiation Service Provider (PISP, a service provider who can execute a payment transaction on the behalf of a customer) is used and in which country. Finally, enterprise fraud management isn’t just about adding a new payments channel.

Payment APIs and Integration

PYMNTS

SEPTEMBER 9, 2016

With the Same Day ACH rollout coming in just two weeks and other faster payments initiatives taking off, financial institutions are taking significant steps to ensure the transition to a faster processing environment, including improving their payment security platforms to keep fraudsters at bay. Risky Business.

Same Day ACH