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Stripe buys payments API provider Orum

Finextra

Founded in 2019, Orum offers an API that allows businesses to launch instant payments fast, with access to RTP, FedNow, Same Day ACH, ACH, Wires, and Visa Direct, without bank integrations or complicated compliance issues.

API
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Stripe Acquires Orum for Undisclosed Amount

Finovate

. “Today, I’m excited to share the next step in our journey: Orum will be joining Stripe,” said Orum Founder and CEO Stephany Kirkpatrick in a blog post announcement. Orum was founded in 2019 to serve as a single solution for accessing RTP, FedNow, Same Day ACH, ACH, and wires.

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Stripe joins forces with payments API provider Orum

Finextra

Founded in 2019, Orum offers an API that allows businesses to launch instant payments fast, with access to RTP, FedNow, Same Day ACH, ACH, Wires, and Visa Direct, without bank integrations or complicated compliance issues.

API
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Same-Day ACH Requires AI-Powered Fraud Protection

FICO

Today could be that day. Are banks truly ready for same-day ACH? Between the Same Day ACH initiative launch on September 23, 2016 and December 31, 2016, there were more than 13 million same-day ACH transactions. See our recent blog series on AI in AML.). How to fight back.

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Solving for the Interoperability Challenge

Faster Payments Council

Within the faster payments arena, we've got a lot.

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Faster Payments, Open Banking Should Keep Treasurers On High Alert

PYMNTS

Account takeover attacks, social engineering tactics and payments fraud all threaten businesses as attackers go after the high-value transactions typical of corporate finance, BioCatch explained in a blog post last week. In the case of Same Day ACH in the U.S., BioCatch pointed to this risk in its blog post, too.

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Tapping Into The Gig Economy With Faster Payments For Workers

PYMNTS

In a company blog post , Schulman said this marks an important milestone for the digital payments company. NACHA found B2B payments made up 6 percent of the nearly two million same-day ACH transactions that occurred in the first 11 days the service went live. In a letter to employees, he wrote, “On Feb.