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Live Oak Bank Implements Finzly’s Fedwire Solution

Finovate

Payment and financial solutions provider Finzly announced this week that Live Oak Bank has enhanced its commercial and small business banking services by implementing Finzly’s Fedwire solution. It is the main network in the US used by businesses and government agencies for large and/or time-critical payments.

FedWire 114
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Fed Tackles Fraud On Legacy Rails As New Infrastructure Gains Traction

PYMNTS

New payments infrastructure continues to gain traction with financial service providers looking to modernize their services for business clients. The Clearing House’s RTP finds expansion within the community bank arena, while abroad, the Bank of Thailand is planning its own infrastructure development to accelerate B2B payments.

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Cloud Payments, API Economy Drives Business Advantage For Banks

PYMNTS

If the pandemic has taught banks anything, it’s that corporates need to offer a range of payment methods to their customers — whether those customers are consumers (for B2C transactions) or enterprises ( B2B ). Morgan , said financial institutions (FIs) need to offer those firms payments functionality on demand. It's not about cloud.

Economy 67
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How Corporates Are Driving US RTP Adoption

PYMNTS

Adoption of real-time payments in the U.S. The assumption, of course, is that faster payment functionality only has a place in the peer-to-peer payments arena. ’s Faster Payments Scheme via their Real Time Payments Express Service, acknowledges the opportunity that faster and real-time payments have in the corporate realm.

RTP 47
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Orum Launches No Code Verify Solution, Expands Access to Instant Bank Account Verification

Fintech Finance

Orum , the simplest API for fast, reliable payments, today announced the launch of No Code Verify, which helps businesses and institutions determine whether a bank account is open and valid before initiating payments — all without integrating an API.

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Peru Taps Vocalink In Payments System Overhaul

PYMNTS

Amid the continuing movements by governments and nations to overhaul payments operations, Vocalink said Wednesday (Dec. 12) that it has secured a contract with Cámara de Compensación Electrónica (CCE), the automated clearing house in Peru, to help transform payments infrastructure in that country.

SWIFT 53
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Finzly Launches Account Galaxy Embedded Banking Solution

Finovate

Account Galaxy offers two main use cases to facilitate BaaS functionality: advanced payment processing and flexible accounting capabilities. The company’s API connects to all U.S. payment rails, including Fed ACH, Fedwire, RTP, SWIFT, and FedNow. The company’s API connects to all U.S.